ABACUS GROUP — Capital/Financing Update 2013

Dec 4, 2013

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ASX ANNOUNCEMENT

Abacus sells 171 Clarence Street, Sydney for $38 million

Abacus Property Group has exchanged contracts for the sale of 167-175 Clarence Street, a 15 level commercial office building on the north-west corner of Clarence and King Streets in Sydney’s CBD for $37.9 million. Settlement is scheduled to occur by the end of December 2013.

The property was acquired in December 2010 for a total consideration of $29.5 million which represented an initial yield of 9% pa and has provided the Group with strong and stable cashflows. The property underwent a substantial internal refurbishment program that assisted in improving the occupancy of the property to 97% at 30 June 2013 from 89% at acquisition and has increased the properties NABERS rating to 4.5 stars from 1.5 stars.

Funds from settlement will provide additional liquidity to Abacus’ balance sheet for further acquisition opportunities.

5 December 2013

Ellis Varejes Company Secretary

Neil Summerfield Head of Investor Relations (02) 9253 8600

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