Ann: S/HOLDER: PCT: Letter to Nominees

• Release Date: 05/03/15 10:11
• Summary: S/HOLDER: PCT: Letter to Nominees
• Price Sensitive: No
• Download Document  6.29KB

					PCT
05/03/2015 10:11
S/HOLDER
NOT PRICE SENSITIVE
REL: 1011 HRS Precinct Properties New Zealand Limited

S/HOLDER: PCT: Letter to Nominees

Not for Release or Distribution in the United States

2 March 2015
STRICTLY CONFIDENTIAL

Dear Nominee,

Important instructions to Nominees and/or custodians acting for shareholders
of Precinct Properties New Zealand Limited

Please note capitalised terms not otherwise defined in this letter have the
meanings given in the Offer Document released to the NZX on 25 February 2015.

As a nominee for beneficial holders of shares in Precinct Properties New
Zealand Limited ("Precinct") you will shortly receive a copy of the Offer
Document together with a personalised Entitlement and Acceptance Form. The
Offer Document is for an Offer of up to 151.4 million New Shares in Precinct
at NZ$1.15 per New Share to raise approximately NZ$174.1 million. The
personalised Entitlement and Acceptance Form will indicate an entitlement to
1 New Share for every 7 Existing Shares in Precinct that you held in
aggregate under your nominee account name as at 5.00pm (NZ Time) on 27
February 2015 ("Record Date"). The Offer is subject to the following
exceptions and the terms of the Offer Document.

The Institutional Entitlement Offer, as described in the Offer Document, was
conducted between 25 February 2015 and 27 February 2015, where Eligible
Institutional Shareholders committed for approximately 66.5 million New
Shares to raise approximately NZ$76.4 million. The Retail Entitlement Offer,
as described in the Offer Document, is for approximately 84.9 million New
Shares. The Retail Entitlement Offer is only available to Eligible Retail
Shareholders (being shareholders of Precinct with registered addresses in New
Zealand or Australia at 5.00pm (NZ time) on the Record Date, who are not in
the United States of America or acting for the account of a person in the
United States of America and who are not Eligible Institutional Shareholders
or Ineligible Institutional Shareholders).

In order to comply with relevant securities laws, the Retail Entitlement
Offer is not being extended outside of Australia and New Zealand.  In
particular, the New Shares have not been and will not be registered under the
United States Securities Act of 1933, as amended ("U.S. Securities Act"), and
the Retail Entitlement Offer will not be conducted in the United States.

Any person outside New Zealand or Australia who takes up an entitlement in
the Retail Entitlement Offer (and therefore applies for New Shares) through a
New Zealand or Australian resident nominee, and their nominee, will be deemed
to have represented and warranted to Precinct that the Offer can be lawfully
made to their nominee pursuant to the Offer Document.  (See Part 5 of the
Offer Document for offering restrictions.) None of Precinct, the Joint Lead
Managers, the Registry or any of their respective directors, officers,
employees, agents, or advisers accepts any liability or responsibility to
determine whether a person is eligible to participate in the Offer.

Further, you must not distribute, in whole or in part, a copy of the Offer
Document OR ANY OTHER DOCUMENTS RELATING TO THE OFFER that will be provided
to you to any beneficial holder in any other jurisdiction outside Australia
or New Zealand where it would be unlawful to do so, or into the United States
or to persons that are, or are acting for the account or benefit of, a person
in the United States.

If you submit an application on the personalised Entitlement and Acceptance
Form, please also complete the attached "Summary for Nominee Applications
Form" (see Appendix A) outlining each beneficial holder on whose behalf you
are applying and the number of New Shares for which you are applying in
respect of each beneficial holder.

Please attach a copy of the completed "Summary for Nominee Applications Form"
(Appendix A) with any application submitted on the personalised Entitlement
and Acceptance Form and please also fax a copy of this form to ORIENT Capital
at (+61 2 9285 1492) or by email ([email protected]) so that it is
received by 5.00pm (NZ time) on 18 March 2015.

It is important to note that information on the "Summary for Nominee
Applications Form" will be kept confidential and will only be used by
Precinct and the Underwriters to compare with our records of nominee accounts
as at the Record Date.

Yours sincerely,
Craig Stobo
CHAIRMAN
Precinct Properties New Zealand Limited

Note: The information in this letter is general information only, does not
constitute a securities recommendation or financial product advice, and has
been prepared without taking account of the investment objectives, financial
situation or needs of any particular investor. As well as publicly available
information about Precinct, you should read the Offer Document and consider
whether any investment is appropriate having regard to your (or your
client's) objectives, financial situation or needs before acting on the
information.  Copies of the Offer Document are available from the NZX
website.

Appendix A
PRECINCT PROPERTIES NEW ZEALAND LIMITED ENTITLEMENT OFFER Summary for Nominee
Applications Form
DATE:
NOMINEE ACCOUNT NAME:  SUMMARY NO.

 NAME OF INDIVIDUAL OR INSTITUTION  HOLDING AT 5.00PM (NZ time) on 27
February 2015 ENTITLEMENT* SHARES APPLIED FOR (NEW SHARES) APPLICATION MONIES

1     NZ$
2     NZ$
3     NZ$
4     NZ$
5     NZ$
6     NZ$
7     NZ$
8     NZ$
9     NZ$
10     NZ$
11     NZ$
12     NZ$
13     NZ$
14     NZ$
15     NZ$
TOTAL  NZ$
*Entitlement is calculated as 1 New Share for every 7 Existing Shares held on
the Record Date for each eligible shareholder at 5.00pm (NZ time) on 27
February 2015 rounded down to the nearest whole number.

IMPORTANT
Please ensure the "Application Monies" column is sufficient for the total in
the "Shares Applied For" column.
CONTACT PERSON

 PHONE NO.
(      )

EMAIL:
 COMPLETED BY (INITIALS)

1. Please enclose this form with your Entitlement and Acceptance Form and
return to Computershare Investor Services Ltd in accordance with the
instructions on the Entitlement and Acceptance Form so that it is received by
5.00pm (NZ time) on 18 March 2015
2. Please also fax a copy of this form to ORIENT Capital at (+61 2 9285 1492)
or by email ([email protected]) so that it is received by 5.00pm (NZ
time) on 18 March 2015
End CA:00261493 For:PCT    Type:S/HOLDER   Time:2015-03-05 10:11:46