ABACUS GROUP — Capital/Financing Update 2010

Feb 3, 2010

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4 February 2010

The Manager Company Notices Section ASX Limited SYDNEY NSW 2000

Dear Sir/Madam

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Cleansing Statement – Security Purchase Plan

Abacus Property Group is offering to eligible Stapled Security holders the opportunity to participate in a Security Purchase Plan ( SPP ).

Abacus Property Group is a stapled group, comprising:

• Abacus Group Holdings Limited (ACN 080 604 619) ( AGHL );

• Abacus Group Projects Limited (ACN 104 066 104) ( AGPL );

• Abacus Trust (ARSN 096 572 128); and

• Abacus Income Trust (ARSN 104 934 287).

The responsible entity of Abacus Trust and Abacus Income Trust is Abacus Funds Management Limited (ACN 007 415 590) ( AMFL ).

Each Stapled Security comprises one ordinary share in each of AGHL and AGPL and one ordinary unit in each of Abacus Trust and Abacus Income Trust.

The SPP will be offered pursuant to exemptions granted by the Australian Securities and Investments Commission under ASIC Class Order CO 09/425 (the Class Order ) and ASIC instrument 10-0057 (the Instrument ) from Part 6D.2 and 6D.3 (except for sections 736 and 738) and section 1012B and Division 4 of Part 7.9 of the Corporations Act 2001 (Cth) (the Act ).

Pursuant to the Class Order and the Instrument, each of AGHL, AGPL and AFML (in its capacity as responsible entity of the Abacus Trust and Abacus Income Trust) (the Issuers ) give notice that:

• (a) the Issuers will make offers to issue Stapled Securities under the SPP without disclosure to investors under Part 6D.2 and without giving a Product Disclosure Statement under Division 2 of Part 7.9 of the Act;

• (b) this notice is being given in accordance with the Class Order and the Instrument;

• (c) as at the date of this notice, each of the Issuers has complied with the provisions of Chapter 2M of the Act as they apply to that Issuer, and section 674 of the Act; and

• (d) as at the date of this notice, there is no information that is “excluded information” (in accordance with the requirements of sections 708A(7) and (8), or sections 1012DA(7) and (8) of the Act as if this notice were a notice under paragraph 708A(5)(e) or 1012DA(5)(e) of the Act).

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Yours sincerely

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Ellis Varejes Chief Operating Officer

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