Board Composition Update

Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) advises today that Mohammed Al Nuaimi will be resigning as Shareholder Appointee from the Precinct Board of Directors as of today. Haumi Company Limited have also advised that they no longer wish to appoint a director to the Precinct Board. Chair of PCT, Craig Stobo, "On behalf of my Board colleagues and Management, I would like to thank Mohammed for his contribution to Precinct's governance regime and business since 2013. We wish him the best for the future". 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's portfolio includes Auckland's HSBC Tower, AON Centre, Jarden House, Deloitte Centre, 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, Defence House, Bowen House, Freyberg Building and 30 Waring Taylor Street. Precinct owns Generator NZ, New Zealand's premier flexible office space provider. Generator currently offers 15,770 square metres of space across nine locations in Auckland and Wellington. End CA:00401722 For:PCT Type:ADMIN Time:2022-11-03 10:45:10