Further to the announcement of 17 February 2026, Goodman Property Services (NZ) Limited (“GPS”), as Manager of Goodman Property Trust (“GMT” or the “Trust”) today announced its proposal for the corporatisation of GMT and the move to a stapled structure for the business.

GMT Bond Issuer Limited has convened a meeting of Holders of Bonds issued by it to consider and, if thought fit, pass Special Resolutions to approve certain amendments to the Bond documents for each Series of Bonds.

The proposed amendments being sought are in connection with the corporatisation and stapled structure proposal announced today by GPS and released under the Trust’s NZX ticker code, GMT. Given the Trust’s strategic direction, expanding funds management platform, and increased investment opportunities, the proposed structure offers the most effective framework to support the delivery of our long-term investment strategy while retaining Portfolio Investment Entity status for the investment property portion of the business. Details of the transaction and accompanying documents can be found at https://nz.goodman.com/investor-centre/nzx-announcements

The Meeting of Holders of Bonds is to be held at Pipiri Lane, 124 Halsey Street, Wynyard Quarter, Auckland on Tuesday, 31 March 2026 at 11:00 am.

Given the importance of the matters to be considered and voted on at the meeting, we encourage all Holders of Bonds to participate, either by attending in person or by appointing a proxy. To be effective, a completed proxy form (or online proxy appointment) must be received by Computershare Investor Services Limited by 11:00am (NZ time) on Sunday, 29 March 2026.

A Notice of Meeting has been provided to Holders and includes further information about the Special Resolutions, the terms and effect of the amendments and the process for voting on the Special Resolutions.

Importantly, the proposed amendments to the Bonds do not change the term, interest rate, interest payment dates or security of any of the Bonds and, in summary, are limited to those changes needed to reflect the corporatisation and stapled structure proposal.

If the Special Resolutions are approved by Holders of the Bonds and the other conditions referred to in the Notice of Meeting are satisfied, GMT Bond Issuer Limited will also change its name to "GNZ Bond Issuer Limited".

For further information, please contact:

John Dakin
Chair
Goodman Property Services (NZ) Limited
(09) 375 6063

James Spence
Chief Executive Officer
Goodman Property Services (NZ) Limited
(09) 903 3269

Andy Eakin
Chief Financial Officer
Goodman Property Services (NZ) Limited
(09) 375 6077

Attachments provided to NZX:

Notice of Meeting of Holders of Bonds Announcement
Notice of Meeting
Proxy Form
Holder of Bonds Covering Letter

Notice of Meeting of Holders of Bonds

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