Q1 Dividend and People Committee Update

Q1 DIVIDEND AND PEOPLE COMMITTEE UPDATE Property for Industry Limited (PFI, the Company) is pleased to announce a first quarter dividend of 1.9500 cents per share and to provide an update on the Company's People Committee composition. Q1 Dividend The PFI Board today resolved to pay a first quarter cash dividend of 1.9500 cents per share. The dividend will have imputation credits of 0.4152 cents per share attached and a supplementary dividend of 0.1884 cents per share will be paid to non-resident shareholders. The record date for the dividend is 12 May 2023, and the payment date is 23 May 2023. The dividend reinvestment scheme will not operate for this dividend. People Committee Update PFI also announces that Board Chair Anthony Beverley has stepped down from his role as a member of the Company's People Committee. Following this change, PFI is pleased to announce that Independent Director Angela Bull has been appointed as a new member of the Company's People Committee. ENDS ABOUT PFI & CONTACT PFI is an NZX listed property vehicle specialising in industrial property. PFI's nationwide portfolio of 93 properties is leased to around 128 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:00410923 For:PFI Type:CORPACT Time:2023-05-05 08:33:19