Financing and Balance Date Change Update

FINANCING AND BALANCE DATE CHANGE UPDATE Property for Industry Limited (PFI, the Company) is pleased to provide an update on the Company’s financing and to confirm the Company’s balance date change. $50 million CBA 7-Year Facility, $25 million PGIM, Inc 8.5 Year Drawdown PFI is pleased to announce the establishment of a $50 million 7-year loan facility with the Company’s long-term banking partner, the Commonwealth Bank of Australia (CBA). PFI also announces that it will make a second $25 million drawdown on the Company’s Note Purchase and Private Shelf Agreement with PGIM, Inc (also known as Pricoa) on 2 July 2024. The drawdown will be for 8.5-years and is on a float-rate basis, with the margin fixed for the duration of the drawdown. Concurrent with the establishment of the CBA facility and PGIM, Inc drawdown, PFI will repay and cancel $75 million of the Company’s Bank of New Zealand facility, which expires on 31 March 2025, reducing that facility to $25 million. PFI’s financing facilities, as at 2 July 2024, are detailed in the table below: (see table in attached PDF) PFI Chief Finance and Operating Officer, Craig Peirce, notes: “We are very pleased to have secured additional long-term funding. The combination of the establishment of the new CBA facility, second Pricoa drawdown and the cancelling down of shorter-term loans is continuing to diversify and lengthen the tenor of PFI’s borrowings. $100 million of long-term funding has now been secured well in advance of the maturity of the Company’s bond that matures in November of this year.” Balance Date Change As previously noted, subject to customary approvals, PFI intended to change the balance date for the group of companies from 31 December to 30 June. These approvals have now been granted, and the Company confirms that this change will take place, with PFI’s next annual report reflecting a six-month period to 30 June 2024. Thereafter, PFI will report interim financial statements as at 31 December and an annual report as at 30 June. ENDS ABOUT PFI & CONTACT PFI is an NZX listed property vehicle specialising in industrial property. PFI’s nationwide portfolio of 92 properties is leased to around 124 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