Quotation Notice – Property for Industry Limited (“PFI020”)

QUOTATION NOTICE: NZX DEBT MARKET PROPERTY FOR INDUSTRY LIMITED ("PFI020") BONDS Company: Property for Industry Limited ("PFI") Security Code: PFI020 ISIN: NZPFIDT020C1 Details of Issue: An offer of $100,000,000 of senior secured fixed rate bonds Opening Date: Monday, 17 September 2018 Closing Date: Friday, 21 September 2018 Interest Rate: 4.25% per annum Maturity Date: Wednesday, 1 October 2025 Issue Date: Monday, 1 October 2018 Interest Payment Dates: 1 January, 1 April, 1 July and 1 October of each year up to and including the Maturity Date Date of First Interest Payment: Tuesday, 1 January 2019. As this date falls on a non-business day, payment will be made to holders on Thursday, 3 January 2019 First Interest Paid To: Holders of Bonds as at the relevant Record Date Record Date: 10 calendar days prior to the relevant Interest Payment Date or, if that day is not a business day, the immediately preceding business day Minimum Application Amount: $5,000 and in multiples of $1,000 thereafter Minimum Holding: $5,000 Face Value: $1.00 per Bond Organising Participant: Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) Joint Lead Managers: Deutsche Craigs Limited, Forsyth Barr Limited and Westpac (ABN 33 007 457 141) (acting though its New Zealand branch) Supervisor / Trustee Name: Public Trust Trust Documents: Master Trust Deed dated 2 November 2017 and Supplemental Deed dated 17 September 2018 Registrar: Computershare Investor Services Limited (RMLT) Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Tuesday, 2 October 2018 Mark Peterson Chief Executive Officer NZX Limited 21 September 2018 End CA:00324224 For:PFI Type:OFFER Time:2018-09-21 14:51:57