GMT Internalisation Proposal approved

Goodman Property Trust is pleased to announce that the Internalisation Proposal being considered at today's Special Meeting of Unitholders has been approved. James Spence, Chief Executive Officer said, "We are delighted with the strong endorsement from Unitholders. Internalisation offers exciting growth opportunities for GMT and we look forward to providing an update on these initiatives in due course." The voting result is detailed below, approval of all three resolutions was required to effect the change. Resolution 1 - Approval of Internalisation The Ordinary Resolution was approved by Unitholders Of the 659,079,131 Units voted, 99.94% were in favour of the resolution and 0.06% against. Resolution 2 - Approval of issue of Units The Ordinary Resolution was approved by Unitholders Of the 658,794,799 Units voted, 99.88% were in favour of the resolution and 0.12% against Resolution 3 - Appointment of new manager The Extraordinary Resolution was approved by Unitholders Of the 1,018,875,113 Units voted, 99.96% were in favour of the resolution and 0.04% against The settlement and effective date of the internalisation is expected to be the 28 March 2024. For further information, please contact: John Dakin Chair Goodman (NZ) Limited (021)321 541 James Spence Chief Executive Officer Goodman (NZ) Limited (021)538 934 David Gibson Deputy Chair and Independent Director Goodman (NZ) Limited (021)276 9440 About Goodman Property Trust: GMT is a managed investment scheme, listed on the NZX. It has a market capitalisation of around $3.1 billion, ranking it in the top 20 of all listed investment vehicles. The Trust is New Zealand's leading warehouse and logistics space provider. It has a substantial property portfolio, with an expected value of $4.5 billion at 31 March 2024. The Trust also holds an investment grade credit rating of BBB from S&P Global Ratings. End CA:00428618 For:GMT Type:MEETING Time:2024-03-26 14:41:44