Goodman Property Trust is pleased to announce that the Internalisation Proposal being considered at today’s Special Meeting of Unitholders has been approved.

James Spence, Chief Executive Officer said, “We are delighted with the strong endorsement from Unitholders. Internalisation offers exciting growth opportunities for GMT and we look forward to providing an update on these initiatives in due course.”

The voting result is detailed below, approval of all three resolutions was required to effect the change.

Resolution 1 – Approval of Internalisation

The Ordinary Resolution was approved by Unitholders

Of the 659,079,131 Units voted, 99.94% were in favour of the resolution and 0.06% against.

Resolution 2 – Approval of issue of Units

The Ordinary Resolution was approved by Unitholders
Of the 658,794,799 Units voted, 99.88% were in favour of the resolution and 0.12% against.

Resolution 3 – Appointment of new manager

The Extraordinary Resolution was approved by Unitholders
Of the 1,018,875,113 Units voted, 99.96% were in favour of the resolution and 0.04% against.

The settlement and effective date of the internalisation is expected to be the 28 March 2024.

For further information, please contact:

John Dakin
Chair
Goodman (NZ) Limited
(021) 321 541

David Gibson
Deputy Chair and Independent Director
Goodman (NZ) Limited
(021) 276 9440

James Spence
Chief Executive Officer
Goodman (NZ) Limited
(021) 538 934

GMT Internalisation Proposal approved

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