Increases FY19 Dividend Guidance

The Board of Directors of Investore Property Limited (Investore) have revised targeted dividend guidance for the financial year ended 31 March 2019 (FY19) and is pleased to announce an increase in Investore's annual cash dividend guidance from 7.46cps to 7.60cps, an increase of 1.9%. This updated guidance follows a solid performance for the six months ended 30 September 2018 and positive post balance date activity with two new successful lease renewals of Countdown operated sites at 230-240 Fenton Street, Rotorua, and the corner of Anglesea and Liverpool Streets, Hamilton, and the recent unconditional agreement for the sale of the Countdown operated store at Dunedin South. Investore also confirms that it intends to resume its share buyback programme in January 2019. End For further information please contact: Mike Allen, Chair, Investore Property Limited Mobile: 021 606 134 Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited as manager of Investore Mobile: 021 230 3026 - Email: philip.littlewood@strideproperty.co.nz Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited as manager of Investore Mobile: 021 536 406 - Email: jennifer.whooley@strideproperty.co.nz Louise Hill, General Manager Corporate Services, Stride Investment Management Limited as manager of Investore and Company Secretary of Investore - Mobile: 0275 580 033- Email: louise.hill@strideproperty.co.nz End CA:00328608 For:IPL Type:MKTUPDTE Time:2018-12-18 17:06:32