Notification of Issue of Securities

For the purposes of Listing Rule 7.12.1 of the NZX Main Board Listing Rules, Stride Investment Management Limited (SIML) and Stride Property Limited (SPL, together with SIML, Stride) advises the following securities have been issued pursuant to the issuer's listing, in respect of the executive long term incentive scheme: a) Class of security: Ordinary Shares in each of SPL and SIML. ISIN: NZSPGE0001S2. b) Number issued: 54,879. c) Issue Price: Nil. d) Payment terms: N/A. e) Amount paid up: Fully paid. f) Percentage of total class issued: 0.02% of the total shares on issue. g) Reason for issue: Pursuant to employee incentive share scheme entitlements. h) Authority for issue: Board resolution dated 22 May 2019. i) Terms of issue: The shares will rank equally in all respects with existing ordinary shares of each of Stride and SIML at the date on which they are issued. j) Total number of securities after issue: 365,351,678. k) Treasury stock: Nil. l) Date of issue: 22 May 2019. Stride notes, further, that 128,052 share performance rights were forfeited by operation of the executive long term incentive scheme. End For further information please contact: Tim Storey, Chairman, Stride Investment Management Limited / Stride Property Limited Mobile: 021 633 089 - Email: tim.storey@strideproperty.co.nz Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited Mobile: 021 230 3026 - Email: philip.littlewood@strideproperty.co.nz Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited Mobile: 021 536 406 - Email: jennifer.whooley@strideproperty.co.nz Louise Hill, General Manager Corporate Services, Stride Investment Management Limited and Company Secretary of Stride Property Group Mobile: 0275 580 033 - Email: louise.hill@strideproperty.co.nz A Stapled Security of the Stride Property Group comprises one ordinary share in Stride Property Limited and one ordinary share in Stride Investment Management Limited. Under the terms of the constitution of each company, the shares in each can only be transferred if accompanied by a transfer of the same number of shares in the other. Stapled Securities are quoted on the NZX Main Board under the ticker code SPG. Further information is available at www.strideproperty.co.nz or at www.nzx.com/companies/SPG. End CA:00334892 For:SPG Type:SECISSUE Time:2019-05-22 16:10:04