GMT Allotment Notice

The Manager hereby advises the NZX of the allotment of the undermentioned securities and requests these securities be listed and quoted on NZX. Section 1: Issuer information Name of issuer: Goodman Property Trust NZX ticker code: GMT Class of financial product: Goodman Property Trust Units ISIN (If unknown, check on NZX website): ISIN NZCPTE0001S9 Currency: New Zealand $ Section 2: Capital change details Number issued: 7,557,428 Nominal value (if any): Not applicable Issue price per security: $1.834873 Nature of the payment: Cash, pursuant to the Trust Deed Amount paid up (if not in full): Not applicable Percentage of total class of Financial Products issued: 0.58% For an issue of Convertible Financial Products or Options, the principal terms of Conversion or the Option: Not applicable Reason for issue and specific authority for issue: 1) Requirement for the Manager to use its base management fee, for the period 1 October 2019 to 31 March 2019, to subscribe for new units in GMT 2) Requirement for the Manager to use its performance fee, for the period 1 April 2018 to 31 March 2019, to subscribe for new units in GMT Total number of Financial Products of the Class after the issue: 1,302,457,973 In the case of an acquisition of shares, whether those shares are to be held as treasury stock: Not applicable Specific authority for the issue, acquisition, or redemption, including a reference to the rule pursuant to which the issue, acquisition, or redemption is made: Authorisation of the Independent Directors in accordance with the Trust Deed Terms or details of the issue: The new units will rank equally in all respects with the existing units in Goodman Property Trust at the date on which they are issued Date of issue: 04/06/2019 Section 3: Authority for this announcement Name of person authorised to make this announcement: Andy Eakin Contact person for this announcement: Andy Eakin Contact phone number: (09) 375 6077 Contact email address: andy.eakin@goodman.com Date of release through MAP: 4 June 2019 About Goodman Property Trust: GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $2.3 billion, ranking it in the top 20 of all listed investment vehicles. The Manager of the Trust is a subsidiary of the ASX listed Goodman Group, Goodman Group is also the Trust's largest investor with a cornerstone unitholding of 21.6%. GMT is New Zealand's leading industrial space provider. It has a substantial property portfolio, with a value of $2.6 billion. The Trust holds an investment grade credit rating of BBB from Standard & Poor's. End CA:00335456 For:GMT Type:SECISSUE Time:2019-06-04 12:46:22