Dividend Reinvestment Plan

Tuesday, 30 November 2004, 10:21 am
Press Release: Capital Properties

29 November 2004

Capital Properties New Zealand Ltd advises that the strike price pursuant to its Dividend Reinvestment Plan is 109.51 cents in respect of the quarterly dividend payable on 10 December 2004.

The Strike price is based on the weighted average price in the 5 days preceding the record date of 26 November 2004, adjusted for the amount of the current dividend.

ENDS

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