FY23 First Quarter Dividend

Investore Property Limited (Investore) has today announced a cash dividend for the first quarter (1 April 2022 to 30 June 2022) of the financial year ending 31 March 2023 (FY23) of 1.975 cents per share to be paid on 31 August 2022 to all shareholders on the register at the close of business on 24 August 2022 (i.e., the record date). This dividend will carry imputation credits of 0.383137 cents per share. A supplementary dividend of 0.173860 cents per share will be paid to non-resident shareholders. The Board confirms that it is targeting an annual cash dividend of 7.90 cents per share to shareholders for FY23, noting it will continue to monitor market conditions for the remainder of the year. Investore also announces that the on-market share buyback programme, that was announced on 11 July 2022, is being paused pending the record date for the first quarter dividend on 24 August 2022. Investore will re-commence the buyback programme following the record date for the dividend. Ends Attachment provided to NZX: Investore Property Limited - NZX Distribution Notice - 16 August 2022 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 Fabio Pagano, Fund Manager, Stride Investment Management Limited as manager of Investore Mobile: 027 406 6079 - Email: fabio.pagano@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:00397057 For:IPL Type:CORPACT Time:2022-08-16 16:24:19