Precinct Properties New Zealand Limited announced the changes to the Board of Directors which are to take effect on 30 October 2013: Mohamed Alhameli resigns as Director. Mr. Alhameli was appointed to the Board on 2 April 2012 by AMP Haumi Management Limited, the manager of Precinct. Mohamed Al Nuaimi joins the Board and is appointed by AMP Haumi Management Limited, the manager of Precinct.

Pursuant to Precinct's constitution the manager of Precinct is entitled to appoint up to two directors. Robert Walker will be the alternate director for Mr. Al Nuaimi following approval by the Board. Mr. Walker was the alternate director for Mr. Alhameli.