Change to Executive Team

Stride Investment Management Limited (SIML) today announces the resignation of General Manager Corporate Services, Louise Hill, from the company's executive team. SIML's Chief Executive Officer, Philip Littlewood, commented: "I would like to sincerely thank Louise for her contribution to Stride over her seven and a half years with us. I am very grateful for her advice, commitment and contribution across a wide range of areas in our business. I wish her the very best for the future." SIML will provide the market with a further update on this role in the coming months. Ends For further information please contact: Tim Storey, Chairman, Stride Investment Management Limited / Stride Property Limited Mobile: 021 633 089 - Email: tim.storey@strideproperty.co.nz Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited Mobile: 021 230 3026 - Email: philip.littlewood@strideproperty.co.nz A Stapled Security of the Stride Property Group comprises one ordinary share in Stride Property Limited and one ordinary share in Stride Investment Management Limited. Under the terms of the constitution of each company, the shares in each can only be transferred if accompanied by a transfer of the same number of shares in the other. Stapled Securities are quoted on the NZX Main Board under the ticker code SPG. Further information is available at www.strideproperty.co.nz or at www.nzx.com/companies/SPG.