Dear *|DNAME|*,

With the end of 2019 fast approaching we thought it timely to provide an update on the new investment opportunities coming up with Augusta Funds Management.

[As a reminder, Augusta is one of New Zealand's leading and largest property fund managers with approximately $2 billion of property under management. They're NZX listed with strong governance, vast experience and a proven track record in establishing and managing successful shared ownership structures across New Zealand and Australian properties.

Here at Bayleys, we're Augusta's distribution partner and are the ones that will keep you informed of their investment opportunities, answer questions and help you through the investment process.] for new investors only

Augusta's approach remains conservative with a focus on institutional grade property, sustainable and stable returns and protecting and growing investors' equity. Launching their new fund initiatives involves considerable work prior to launch, to ensure the best possible results are delivered to their investors. Augusta has a robust and rigorous due diligence process and their investment criteria means they decline to offer significantly more properties than they accept.

Augusta is, and will continue to be, extremely selective in the opportunities that they bring to their investors.

Augusta Diversified Property Fund (Augusta Diversified), will be established with the intention of providing investors with diversification within the one investment vehicle.

The fund's strategy will be to include both direct investment in bricks and mortar and indirect property investments* in managed investment funds, listed property companies and income producing underwrite arrangements. Augusta is aiming to provide diversification across property sectors (retail, commercial and industrial for example) and locations, along with various property investment types.

The first initial direct property asset that has been secured by Augusta is the Albany Lifestyle Centre.

This large bulk retail hub with 13 established tenants is anchored by home improvement giant Mitre 10 Mega with an initial lease term through to 2033. The office component provides a diversified income exposure. Well located on a high profile site, with considerable growth and development around the Albany Town Centre, this substantial property also benefits from easy motorway access.

A second directly owned asset is currently subject to due diligence with details expected to be announced shortly, if the property proceeds.

*Subject to Augusta obtaining a variation of its licence as a MIS manager.
**Subject to the progress of these developments.
This email is not a Product Disclosure Statement and does not constitute an offer of financial products. Augusta Funds Management Limited is considering making offers of financial products in New Zealand. No money is currently being sought. No financial products can currently be applied for or acquired. The offers will be made in accordance with the Financial Markets Conduct Act 2013. No indication of interest will involve an obligation or commitment to acquire a financial product.
Prospective investors are recommended to seek professional advice from an Authorised Financial Adviser which takes into account their personal circumstances before making an investment decision.
The selling agents are not providing personalised advice but will provide all prospective investors with a copies of the Product Disclosure Statements once available.