Precinct grants performance share rights to employees

Precinct Properties Group has issued 46,680 unquoted performance share rights, effective September 22, 2025, representing 0.49% of all existing performance share rights. These rights, issued for nil consideration under Precinct’s employee share scheme, are designed to promote employee retention and encourage share ownership. They convert on a 1:1 basis into fully paid ordinary shares, subject to Precinct’s total shareholder return and funds from operations performance, and the participant's continued employment over a vesting period between July 1, 2025, and June 30, 2028.

The newly issued rights are non-transferable, carry no voting rights, and rank behind Precinct's ordinary shares. Conversion to ordinary shares will occur on the first trading day after the vesting of the relevant right. Following this issuance, the total number of performance share rights in existence is 9,587,891.

This capital change was authorized by a board resolution dated September 19, 2025. The initiative aims to align employees’ interests with those of shareholders and enhance long-term value creation.