Announcement

GENERAL: ARG: ARG announces first quarter dividend 09:21am 
ARG
28/07/2021 09:21
GENERAL
NOT PRICE SENSITIVE
REL: 0921 HRS Argosy Property Limited

GENERAL: ARG: ARG announces first quarter dividend

Argosy Property Limited ('Argosy' or 'the Company') has announced a first
quarter (for the period to 30 June 2021) cash dividend for the 2022 financial
year of 1.6375 cents per share, in line with guidance for a full year
dividend of 6.55 cents per share.

As Argosy is a PIE, the dividend can be treated as excluded income for New
Zealand income tax purposes. Imputation credits of 0.138124 cents per share
will be attached to the dividend representing income tax paid by the Company.
Overseas investors will receive an additional supplementary dividend of
0.062678 cents per share to offset non-resident withholding tax.

The record date for the dividend is 15 September 2021 and the payment date is
29 September 2021.

Argosy's Dividend Reinvestment Plan ('DRP') remains open and will be
available for shareholders to participate in for the first quarter dividend.
There will be a 2% discount applied to the price at which shares will be
issued under the DRP for this dividend.

Shareholders wishing to participate in the DRP for the dividend on 29
September 2021 - and who haven't notified the Company's Registrar,
Computershare Investor Services Limited, of their intention, are required to
do so by completing an Election Notice or Notice of Change or Withdrawal (as
appropriate) in time to be received before 5.00pm, 16 September 2021.
Election Notices and Notices of Change or Withdrawal received by the
Registrar on or after 5.00pm, 16 September 2021 will not apply to the 29
September 2021 dividend but will take effect for future dividends.

An Election Notice can be obtained by contacting Computershare on (09) 488
8777.

- END -
End CA:00376308 For:ARG Type:GENERAL Time:2021-07-28 09:21:33

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