Updated Corporate Action Notice for Distribution

Further to the announcement made on 19 February 2019, please find attached an updated Corporate Action Notice for Precinct Properties New Zealand Limited Shares Distribution payable on 27 March 2019. The information below and attached updated notice reflects the additional shares on issue following the successful capital raising announced on 19 February 2019. Name of issuer Precinct Properties New Zealand Limited Financial product name/description Precinct Properties New Zealand Limited Shares NZX ticker code PCT Type of distribution Half Year Record date Close of trading on: 13/03/2019 Ex-Date (one business day before the Record Date) 12/03/2019 Payment date 27/03/2019 Total monies associated with the distribution $19,706,461 (post-offer) Source of distribution Retained earnings Total amount $22,994,488 (post-offer) Cash per financial product $0.015 Supplementary distribution $0.00113576 (post-offer) Is the distribution imputed Partial imputation If fully or partially imputed, please state imputation rate as % applied 42.9% Imputation tax credits per financial product $0.00250275 (post-offer) Resident withhold tax amount per financial product N/A Name of person authorised to make this announcement Richard Hilder Contact phone number +64 29 969 4770 Contact email address Richard.Hilder@precinct.co.nz Date of release via MAP 22/03/2019 End CA:00332349 For:PCT Type:CORPACT Time:2019-03-22 10:17:30