50% sale of ANZ Centre unconditional

Following the announcement made on 28 June 2018, Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) is pleased to announce that the conditions of sale of a 50% interest in ANZ Centre, to a fund controlled by Invesco, have now been satisfied and accordingly the agreement is now unconditional. The purchase price is $181 million with settlement scheduled for mid-November 2018. ends- For further information, please contact: Scott Pritchard Chief Executive Officer Office: +64 9 927 1640 Mobile: +64 21 431 581 Email: scott.pritchard@precinct.co.nz George Crawford Chief Operating Officer Office: +64 9 927 1641 Mobile: +64 21 384 014 Email: george.crawford@precinct.co.nz Richard Hilder Chief Financial Officer Office: +64 9 927 1645 Mobile: +64 29 969 4770 Email: richard.hilder@precinct.co.nz About Precinct (PCT) Precinct is New Zealand's only listed city centre specialist investing predominately in premium and A-grade commercial office property. Listed on the NZX Main Board, PCT currently owns 14 New Zealand buildings - Auckland's PwC Tower, AMP Centre, ANZ Centre, Zurich House, HSBC House, Mason Brothers Building, 12 Madden Street and Commercial Bay; and Wellington's AON Centre, Dimension Data House, No. 1 and No. 3 The Terrace, Pastoral House, Mayfair House and Bowen Campus. End CA:00324607 For:PCT Type:GENERAL Time:2018-09-28 14:13:13