Subordinated Convertible Notes General Offer Closes

Investore Property Limited (Investore) today announced that following the successful bookbuild process for its General Offer of subordinated convertible notes (Notes) it has allocated $60 million of Notes. The General Offer has now closed. All of the Notes to be issued by Investore under the General Offer have been allocated to the participants in the bookbuild process. The Issue Margin for the Notes has been set at 3.00% per annum. The Interest Rate will be announced later today via NZX together with release of an updated Terms Sheet. Additional Notes will be offered to Eligible Shareholders via the Shareholder Priority Offer closing on 23 September 2025 at 5.00pm (New Zealand time). Capitalised terms used but not defined in this announcement have the meanings given to them in the Product Disclosure Statement dated 8 September 2025 (PDS). Further details of the Offer are contained in the PDS, which (together with further information in relation to the Notes and the Offer) is available on the Disclose Register at www.companiesoffice.govt.nz/disclose under Investore's offer number OFR13984. The PDS is also available at www.investorenotesoffer.co.nz or by contacting one of the Joint Lead Managers as listed below and must be obtained by investors before they decide to acquire any Notes. For further details, investors should contact one of the Joint Lead Managers as listed below or their usual financial adviser. Arranger and Joint Lead Manager Forsyth Barr Limited Phone: 0800 367 227 Joint Lead Manager Craigs Investment Partners Limited Phone: 0800 272 442 Ends Attachments provided to NZX: • Investore Property Limited – Subordinated Convertible Notes General Offer Closes - 190925 For further information please contact: Mike Allen, Chair, Investore Property Limited Mobile: 021 606 134 - Email: mike.allen@investoreproperty.co.nz Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited as manager of Investore Mobile: 021 230 3026 - Email: philip.littlewood@strideproperty.co.nz Adam Lilley, Investore Fund Manager, Stride Investment Management Limited as manager of Investore Mobile: 021 024 99198 - Email: adam.lilley@strideproperty.co.nz Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited as manager of Investore Mobile: 021 536 406 - Email: jennifer.whooley@strideproperty.co.nz