Precinct Properties Director Changes

Precinct Properties New Zealand Limited (NZX: PCT) (Precinct) is pleased to announce today the appointment of two new independent directors. Nicola Greer has been appointed as an Independent Director, effective 16 July 2021 and Mark Tume has been appointed as an Independent Director, effective 11 August 2021. In accordance with the NZX listing rules, the Board has determined that both Nicola and Mark are Independent Directors. Precinct also announces today that Independent Director Launa Inman and Non-Executive Director Robert Campbell will be retiring from the Board on 31 July 2021 and 11 August 2021, respectively. Chair of Precinct, Craig Stobo, said "As part of Precinct's Board succession planning, we are delighted to have appointed two capable and experienced professional directors to our governance regime. Both Nicola and Mark's skills and knowledge in the commercial property sector are valuable attributes which further strengthen Precinct's Board effectiveness, ensuring best practice corporate governance is maintained while transitioning responsibilities. On behalf of my fellow Directors and Management team, we are excited to welcome Nicola and Mark to our business." "Today, we also acknowledge the departures of both Launa and Rob from the Precinct Board. We first thank Launa for her contribution to the Company since 2015. We would also like to thank Rob for his efforts. He has been an integral part of the Board over the last 9 years and his involvement and valued service has contributed to the success of Precinct. We wish both Launa and Rob all the best for the future." Nicola is a professional company director. She has extensive experience in New Zealand, Australia and the UK in the banking and finance sectors, previously holding a range of roles within financial markets and asset and liability management at ANZ, Citibank and Goldman Sachs. She has a significant background in the New Zealand commercial property market, developing and owning commercial property across a variety of sectors. Nicola is currently a director of Airways Corporation, Fidelity Life Assurance Ltd, South Port NZ, New Zealand Railways Corporation, and is a Member of the New Zealand Markets Disciplinary Tribunal. Mark's professional experience has been in New Zealand banking and funds management. His current directorships include being Chair of the Infratil and Ngai Tahu Holdings Corporation and Te Atiawa Iwi Holdings. He is also a director of RetireAustralia. Ends For further information, please contact: Scott Pritchard Chief Executive Officer Mobile: +64 21 431 581 Email: scott.pritchard@precinct.co.nz George Crawford Deputy Chief Executive Officer Mobile: +64 21 384 014 Email: george.crawford@precinct.co.nz Richard Hilder Chief Financial Officer Mobile: +64 29 969 4770 Email: richard.hilder@precinct.co.nz About Precinct (PCT) Precinct is New Zealand's only listed city centre specialist investing predominantly in premium and A-grade commercial office property. Listed on the NZX Main Board, PCT currently owns Auckland's HSBC Tower, AMP Centre, Jarden House, One Queen Street, 204 Quay Street, Mason Bros. Building, 12 Madden Street, 10 Madden Street, PwC Tower and Commercial Bay Retail; and Wellington's AON Centre, NTT Tower, Central on Midland Park, No. 1 and No. 3 The Terrace, Mayfair House, Charles Fergusson Building and Defence House. Precinct owns Generator NZ, New Zealand's premier flexible office space provider. Generator currently offers 13,600 square metres of space across four locations in Auckland. End CA:00375719 For:PCT Type:GENERAL Time:2021-07-15 14:17:15