Annual Report Correction

ANNUAL REPORT CORRECTION Property for Industry Limited (PFI, the Company) advises that it has made a correction to the Company's annual report, released earlier today. The correction is to the "weighted average number of ordinary shares" and the "weighted average number of shares for purpose of diluted earnings per share", found of page 70 of the report. These figures have been updated to 504,719,213 and 504,748,288 shares, respectively. As a consequence, "basic earnings per share" and "diluted earnings per share" have also been updated to (2.76) cents per share. These figures also appear on pages 46 and 89 of the annual report, and on page one of the annual results announcement. Copies of the updated annual report and annual results announcement are attached and can also be found on the Company's website at www.propertyforindustry.co.nz. ENDS ABOUT PFI & CONTACT 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@pfi.co.nz CRAIG PEIRCE Chief Finance and Operating Officer ---- Phone: +64 21 248 6301 Email: peirce@pfi.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:00407019 For:PFI Type:ANNREP Time:2023-02-20 17:00:41