Updated Terms Sheet for Subordinated Convertible Notes

Further to Investore Property Limited’s (Investore) Interest Rate announcement earlier today in relation to its offer (Offer) of up to $62.5 million of subordinated convertible notes (Notes), the Updated Terms Sheet relating to Investore's issue of Notes is attached. Further details of the Offer are contained in the Product Disclosure Statement dated 8 September 2025 (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 – Updated Terms Sheet for Subordinated Convertible Notes - 190925 • Investore Property Limited – Updated Terms Sheet - 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