Clarification of Indicative Terms Sheet: Base Rate

CLARIFICATION OF INDICATIVE TERMS SHEET: BASE RATE Further to the announcement by Property for Industry Limited (PFI) on 17 September 2018 in relation to the offer of 7-year senior secured fixed rate bonds to New Zealand institutional and retail investors, PFI has released an updated indicative terms sheet clarifying that the Base Rate (as defined in that terms sheet) is to be expressed on a quarterly basis given the interest payment dates are quarterly in arrear. A copy of the updated indicative terms sheet is attached to this announcement. For further information please contact: Arranger and Joint Lead Manager: - Westpac - Phone: 0800 942 822 Joint Lead Managers: - Deutsche Craigs Limited - Phone: 0800 226 263 - Forsyth Barr Limited - Phone: 0800 367 227 ENDS ABOUT PFI & CONTACT PFI is an NZX listed property vehicle specialising in industrial property. PFI's nationwide portfolio of 93 properties is leased to 146 tenants. For further information please contact: SIMON WOODHAMS General Manager --- Phone: +64 9 303 9652 Email: woodhams@pfi.co.nz --- CRAIG PEIRCE Chief Financial Officer and Company Secretary --- Phone: +64 9 303 9651 Email: peirce@pfi.co.nz --- Property for Industry Limited Shed 24, Prince's Wharf, 147 Quay Street, Auckland 1010 PO Box 1147, Shortland Street, Auckland 1140 --- www.propertyforindustry.co.nz Attachment Updated indicative terms sheet End CA:00324159 For:PFI Type:OFFER Time:2018-09-20 16:34:46