GMT Credit Rating Reaffirmed

Goodman (NZ) Limited, the Manager of GMT is pleased to advise that the Trust's investment grade credit rating of BBB/stable has been reaffirmed by Standard & Poor's. The Trust's bond programme and senior secured debt facilities are rated one notch higher at BBB+. For further information please contact: Andy Eakin Chief Financial Officer Goodman (NZ) Limited (021) 305 316 About Goodman Property Trust: GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $3.0 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 21.4%. GMT is New Zealand's leading industrial space provider. It has a substantial property portfolio, with a value of $3.1 billion. The Trust holds an investment grade credit rating of BBB from Standard & Poor's. End CA:00356503 For:GMT Type:CREDIT Time:2020-07-20 10:00:06