ARGOSY SETS INTEREST RATE AND FINAL OFFER SIZE

Argosy Property Limited ('Argosy') has announced that, following a successful bookbuild for its offer ('Offer') of senior secured fixed rate 7 year green bonds ('Green Bonds'), the Offer has closed and $125,000,000 of Green Bonds have been allocated to participants in the bookbuild process. All the Green Bonds have been allocated to participants (or their clients) in the bookbuild process as there was no public pool. The interest rate for the Green Bonds has been set at 2.20% per annum, which is the minimum interest rate set out in the indicative terms sheet for the Green Bonds dated 12 October 2020. The margin has been set at 1.95% per annum. The Green Bonds are expected to be quoted on the NZX Debt Market on 28 October 2020 under the ticker code ARG030. A copy of the final terms sheet is attached. End CA:00361633 For:ARG Type:OFFER Time:2020-10-16 14:33:48