GMT corporatised and stapled structure completed

Tuesday 7th April 2026

Further to the announcement on 27 February 2026 and detailed in the Notice of Special Meeting and Explanatory Notes dated 27 February 2026, Goodman NZ (“GNZ”) is pleased to confirm the proposal to transition Goodman Property Trust (“GMT” or the "Trust") to a corporatised and stapled structure (the “Transaction”) has now been completed.

The Transaction was subject to a number of conditions being satisfied including Unitholders passing an Extraordinary Resolution and holders of Bonds issued by GNZ Bond Issuer Limited passing certain Special Resolutions, which were passed on 31 March 2026.

All other conditions to proceed with the Transaction were satisfied.

GNZ comprises Goodman New Zealand Limited ("GNZL") and Goodman Property Services (NZ) Limited ("GPS") and the shares in GNZL and the shares in GPS have been contractually and constitutionally stapled on a one-for-one basis to form "Stapled Securities".

The Stapled Securities will commence trading on 7 April 2026 on the NZX under a single ticker code, “GNZ”.

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

About Goodman NZ:

Goodman NZ (GNZ) is New Zealand's leading warehouse and logistics space provider, with a high quality industrial property portfolio valued at $4.7 billion (including assets under management) as at 30 September 2025. GNZ has more than 200 customers, a proven development capability and is focused on core industrial property markets in Auckland. GNZ is one of the NZX’s largest listed issuers and holds an investment grade credit rating of BBB from S&P Global Ratings.

GMT corporatised and stapled structure completed

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