Retail Offer Opens

Stride Property Group (Stride) is pleased to announce the opening of its $20 million retail offer which forms part of the capital raising announced on 25 November 2021. Stride has the ability to accept additional applications at its discretion. Eligible shareholders with an address in New Zealand are eligible to apply for up to a maximum of $50,000 of new stapled securities per shareholder at an issue price equal to the lower of: (a) $2.00 per new stapled security (being the same issue price as the placement undertaken on 25 November 2021); and (b) a 2.5% discount to the volume weighted average market price of Stride's stapled securities traded on NZX over the five business day period to and including the closing date of the retail offer. The retail offer document will be sent to eligible shareholders today and is available to eligible shareholders at www.shareoffer.co.nz/stride. Applications may only be made online at www.shareoffer.co.nz/stride prior to 5.00pm NZT on 10 December 2021. If scaling of the retail offer is required, it will be done by reference to shareholders' existing shareholdings at 5.00pm NZT on the record date of 24 November 2021. Record date: 5.00pm NZT, 24 November 2021 Retail offer opening date: 29 November 2021 Offer document and application form sent to eligible shareholders: 29 November 2021 Retail offer closing date: 5.00pm NZT, 10 December 2021 Results of retail offer and issue price announced: 15 December 2021 Allotment of new stapled securities under the retail offer and commencement of trading of new stapled securities on NZX: 16 December 2021 Despatch of statements: 20 December 2021 These dates are subject to change and are indicative only. Stride reserves the right to amend this timetable (including by extending the retail offer closing date) subject to applicable laws and the NZX Listing Rules. Stride reserves the right to withdraw the retail offer and the issue of new stapled securities under it at any time before the date of allotment at its absolute discretion. Ends Attachments provided to NZX: o Stride Property Group - Retail Offer Opens - 291121 o Stride Property Group - Retail Offer Document - 291121 o Stride Property Group - Letter to Shareholders re Opening of Retail Offer - 291121 For further information please contact: Tim Storey, Chairman, Stride Investment Management Limited / Stride Property Limited Mobile: 021 633 089 - Email: tim.storey@strideproperty.co.nz Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited Mobile: 021 230 3026 - Email: philip.littlewood@strideproperty.co.nz Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited Mobile: 021 536 406 - Email: jennifer.whooley@strideproperty.co.nz Louise Hill, General Manager Corporate Services, Stride Investment Management Limited Mobile: 0275 580 033 - Email: louise.hill@strideproperty.co.nz A Stapled Security of the Stride Property Group comprises one ordinary share in Stride Property Limited and one ordinary share in Stride Investment Management Limited. Under the terms of the constitution of each company, the shares in each can only be transferred if accompanied by a transfer of the same number of shares in the other. Stapled Securities are quoted on the NZX Main Board under the ticker code SPG. Further information is available at www.strideproperty.co.nz or at www.nzx.com/companies/SPG. End CA:00383756 For:SPG Type:OFFER Time:2021-11-29 10:11:07