Capital Change Notice – 2020, 2021, 2022 LTI Scheme Vesting

Please find attached a Capital Change Notice for the vesting of 78,789 Performance Share Rights under PFI's 2020,2021 and 2022 Executive Long Term Incentive Plan. ENDS PFI is an NZX listed property vehicle specialising in industrial property. PFI's nationwide portfolio of 94 properties is leased to around 132 tenants. For further information please contact: SIMON WOODHAMS Chief Executive Officer --- Phone: +64 21 749 770 Email: woodhams@propertyforindustry.co.nz CRAIG PEIRCE Chief Finance and Operating Officer --- Phone: +64 21 248 6301 Email: peirce@propertyforindustry.co.nz Property for Industry Limited Level 4, Hayman Kronfeld Building, 15 Galway Street, Auckland 1010 PO Box 1147, Shortland Street, Auckland 1140 www.propertyforindustry.co.nz End CA:00406957 For:PFI Type:SECISSUE Time:2023-02-20 08:36:59