Capital-raising receives strong market supportDecember 15, 2004 The manager of AMP NZ Office Trust (ANZO) confirms that the placement of 34.5 million units announced yesterday was completed at $0.89 representing a discount of 4.3 percent market closing price of $0.93 as at Monday 13 December 2004. “The success of this capital raising is a further demonstration of the strong market support for ANZO,” said Rob Lang, Executive Manager. “The capital raised puts ANZO in a strong position to pursue new opportunities. The placement received strong support from existing institutional investors and also attracted new offshore and domestic investors further diversifying the investor base.” The manager confirms its intention to undertake a Unit Purchase Plan in February 2005. This will allow all unit-holders to invest up to $5,000 at a price that is the lower of the placement price or the prevailing market value as determined by the manager at the time of the plan. The placement was managed by UBS New Zealand Limited. As the placement was fully subscribed, no units are to be taken up by UBS New Zealand Limited as underwriter. Media enquiries: Sue Ryan |