Update on Potential Bond Offer by PFI

UPDATE ON POTENTIAL BOND OFFER BY PROPERTY FOR INDUSTRY LIMITED On 24 February 2026, Property for Industry Limited (PFI) announced it was considering an offer of senior secured fixed rate bonds (Bonds) and expected that full details of any offer would be released in the week beginning 2 March 2026. PFI has decided to postpone the investor conference call and group meetings in Wellington and Christchurch scheduled for today, given the uncertain market conditions following the conflict escalation in the Middle East. PFI expects to continue to closely assess market conditions and if it determines to proceed with a Bond offer, PFI will release full details of that offer in due course. No money is currently being sought and applications for the Bonds cannot currently be made. Arranger and Joint Lead Manager - Westpac - Phone: 0800 772 142 Joint Lead Managers - Bank of New Zealand - Phone: 09 924 9602 - Craigs Investment Partners Limited - Phone: 0800 272 442 - Forsyth Barr Limited - Phone: 0800 367 227 END ABOUT PFI PFI is an NZX listed industrial property specialist, owning over 90 quality properties worth more than $2 billion. Our well diversified portfolio is focused on strategic locations that drive value and growth for the industrial sector, for our tenants, and for our investors. Since listing on the NZX in 1994, we’ve built a strong track record of delivering consistent returns. We invest for the long-term, combining our capital and specialist industry capability to deliver the successful outcomes all our stakeholders need. CONTACT SIMON WOODHAMS Chief Executive Officer — +64 21 749 770 woodhams@pfi.co.nz CRAIG PEIRCE Chief Finance and Operating Officer — +64 21 248 6301 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