Updated IRD Binding Ruling received

Precinct Auckland Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
NZX announcement – 24 November 2025
Updated IRD Binding Ruling received
Further to the announcement on 3 July 2023 confirming the completion of the corporate
restructuring of Precinct Properties Group (Precinct) (NZX: PCT) into a stapled group, Precinct
is pleased to announce it has received a binding tax ruling from Inland Revenue updating the
terms of the existing ruling relating to the stapled structure and extending the period of the
ruling until 24 November 2030.
-ends-
For further information, contact:
Richard Hilder
Chief Financial Officer
Tel: +64 29 969 4770
Email: richard.hilder@precinct.co.nz

About Precinct
Listed on the NZX Main Board under the ticker code PCT and ranked in the NZX top 30, Precinct is the
largest owner, manager and developer of premium city centre real estate in Auckland and Wellington.
Precinct is predominantly invested in office buildings and also includes investment in Precinct Flex,
Commercial Bay retail and a multi-unit residential development business.
As at 30 June 2025, Precinct's directly-held portfolio (on-completion value) totalled $3.2 billion and
Precinct had a further $1.6 billion of capital partnering assets under management: $1.2 billion of these
were assets in which Precinct holds a minority interest; with the balance being managed on behalf of
third party partners. For more information visit: www.precinct.co.nz
On 1 July 2023, Precinct effected a restructuring to create a stapled group structure. A stapled group
comprises two listed parent companies whose shares are held by the same shareholders in equal
proportions. The shares in each parent company can only be transferred or dealt with together.
Shareholders in Precinct hold an equal number of shares in Precinct Properties New Zealand Limited
and Precinct Properties Investments Limited and these shares can only be dealt with together. The
stapled issuers are described as “Precinct Properties NZ & Precinct Properties Investments Ltd” on NZX
systems and the ticker code for the Stapled Shares remains PCT.