Stride Appoints General Manager Investment

Stride Investment Management Limited (SIML) is pleased to announce the appointment of Steve Penney to the position of General Manager Investment, commencing in February 2019. Steve joins SIML from HRL Morrison & Co Limited, where he is currently Investment Director, bringing considerable experience in property and infrastructure investment and strategy. Steve has led investment projects for Morrison & Co in relation to property investment and redevelopment, and brings considerable skills in managing multi-functional teams to deliver unique property investment strategies. Steve is excited to join the SIML team in the role of General Manager Investment, where he will be instrumental in the next evolution of Stride Property Group's REIM fund strategy. Chief Executive for SIML, Philip Littlewood, said that the recruitment of the new General Manager Investment completes the Executive team, which has grown over the past 16 months since Philip Littlewood's appointment in June 2017. Mr Littlewood noted that, "The appointment of Steve, a highly skilled individual, will add to Stride's strong and well-balanced Executive team with the right mix of domestic and international experience to seek new opportunities and further grow Stride Property Group". Ends For further information please contact: Tim Storey, Chairman, Stride Investment Management Limited / Stride Property Limited Mobile: +64 21 633 089 - Email: tim.storey@strideproperty.co.nz Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited Mobile: +64 21 230 3026 - Email: philip.littlewood@strideproperty.co.nz Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited Mobile: +64 21 536 406 - Email: jennifer.whooley@strideproperty.co.nz Louise Hill, General Manager Corporate Services, Stride Investment Management Limited Mobile: +64 27 558 0033 - Email: louise.hill@strideproperty.co.nz A Stapled Security of the Stride Property Group comprises one ordinary share in Stride Property Limited and one ordinary share in Stride Investment Management Limited. Under the terms of the constitution of each company, the shares in each can only be transferred if accompanied by a transfer of the same number of shares in the other. Stapled Securities are quoted on the NZX Main Board under the ticker code SPG. Further information is available at www.strideproperty.co.nz or at www.nzx.com/companies/SPG. End CA:00326257 For:SPG Type:ADMIN Time:2018-11-02 14:14:29