Notice pursuant to regulation 49G(2)(e) of the FMCR 2014

Argosy Property Limited ("Argosy") gives notice under regulation 49G(2)(e) of the Financial Markets Conduct Regulations 2014 ("Regulations") that it proposes to make an offer ("Offer") for the issue of senior secured fixed rate green bonds due 27 March 2026 ("Green Bonds"). The Offer will be made using short-form disclosure as the Green Bonds will rank in priority to Argosy's ordinary shares which are quoted on the NZX Main Board under the code ARG. As at the date of this notice, Argosy is in compliance with: (a) the continuous disclosure obligations that apply to it in relation to its existing ordinary shares; and (b) its financial reporting obligations, as defined in regulation 49H(7) of the Regulations. As at the date of this notice, there is no "excluded information" required to be disclosed for the purposes of regulation 49H(2)(e) of the Regulations. -END- End CA:00330815 For:ARG Type:OFFER Time:2019-02-20 08:38:46