Interest Rate Set on Retail Bond Offer

Investore Property Limited (Investore) has announced that following a successful bookbuild for its offer of 7 year senior secured fixed rate bonds (Bonds), the offer has closed and $125 million of Bonds will be issued under the offer. The interest rate has been set at 2.40% per annum, which is the minimum interest rate for the Bonds. The Bonds will be issued on 31 August 2020 and will mature on 31 August 2027. The Bonds are expected to be quoted on the NZX Debt Market on 1 September 2020 under the ticker code IPL020. All of the Bonds have been allocated to intermediaries for distribution to their clients and there is no public pool available. The full details of the offer are contained in the updated Final Terms Sheet attached and available through www.investoreproperty.co.nz/bondoffer. For further information please contact: Arranger and Joint Lead Manager: Westpac - 0800 942 822 Joint Lead Managers: ANZ - 0800 269 476; Forsyth Barr - 0800 367 227; Jarden - 0800 005 678 Ends Attachments provided to NZX: o Investore Property Limited - Interest Rate Set - 210820 o Investore Property Limited - Final Terms Sheet - 210820 For further information please contact: Mike Allen, Chairman, Investore Property Limited Mobile: 021 606 134 - Email: mike.allen@investoreproperty.co.nz Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited as manager of Investore Mobile: 021 230 3026 - Email: philip.littlewood@strideproperty.co.nz Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited as manager of Investore Mobile: 021 536 406 - Email: jennifer.whooley@strideproperty.co.nz Louise Hill, General Manager Corporate Services, Stride Investment Management Limited as manager of Investore Mobile: 0275 580 033- Email: louise.hill@strideproperty.co.nz End CA:00358463 For:IPL Type:OFFER Time:2020-08-21 14:39:50