Financing Update

Property for Industry Limited (PFI, the Company) is pleased to announce the refinancing of the Company’s $300M Syndicated Bank Facilities. The facilities, provided by the Company’s long-term banking partners ANZ Bank New Zealand Limited (ANZ), Bank of New Zealand (BNZ), Commonwealth Bank of Australia (CBA) and Westpac New Zealand Limited, have been extended to expire in August 2028 and 2029, being four- and five-year terms, respectively. PFI also announces that it has refinanced the Company’s short-term Bank of New Zealand facility, converting and increasing this facility into a $100M Syndicated Bank Facility, also provided by ANZ, BNZ, CBA and Westpac, with an expiry date of August 2027, a three-year term. Finally, the expiry date of the Company’s Term Loan with CBA has also been extended from April 2028 to August 2029, a five-year term. PFI’s financing facilities, as at 14 August 2024, are detailed below: (See table in attached PDF) Further details will be provided when PFI releases its results for the six months to 30 June 2024 to the New Zealand Stock Exchange (NZX) on 26 August 2024. ENDS ABOUT PFI & CONTACT PFI is an NZX listed property vehicle specialising in industrial property. PFI’s nationwide portfolio of 91 properties is leased to around 126 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