QUOTATION NOTICE: NZX DEBT MARKET
PROPERTY FOR INDUSTRY LIMITED BONDS (“PFI010”)

Issuer: Property for Industry Limited (PFI)

Security Code: PFI010

ISIN: NZPFIDT010C2

Details of Issue: NZ$100,000,000 of senior secured fixed rate bonds

Opening Date: Monday, 13 November 2017

Closing Date: 5:00pm Friday, 24 November 2017

Interest Rate: 4.59% per annum

Maturity Date: Thursday, 28 November 2024

Issue/Allotment Date: Tuesday, 28 November 2017

Interest Payment Dates: 28 February, 28 May, 28 August, and 28 November in each year up to and including the Maturity Date

Date of First Interest Payment: 28 February 2018

First Interest Paid To: Holders of Bonds as at the relevant Record Date

Record Date: 5.00pm on the day that is 10 calendar days before the relevant payment date (or, if that is not a Business Day, the immediately preceding Business Day)

Minimum Application Amount: $5,000 and multiples of $1,000 thereafter

Minimum Holding: $5,000

Minimum Transferrable Amount: $1,000

Face Value: $1.00 per bond

Organising Participant: Forsyth Barr Limited

Joint Lead Managers: Forsyth Barr Limited, Bank of New Zealand, and Deutsche Craigs Limited

Trust Deed Dated: Thursday, 2 November 2017

Registrar: Computershare Investor Services Limited (RMLT)

Settlement Status: NZCDC Settlement System

Expected Commencement of Trading on the NZX Debt Market: Wednesday, 29 November 2017

Mark Peterson
Chief Executive Officer
NZX Limited

13 November 2017