ABACUS GROUP — Capital/Financing Update 2013

May 20, 2013

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ASX ANNOUNCEMENT

Abacus acquires industrial property in Clayton, VIC

Abacus Property Group is pleased to announce the settlement of an industrial property in Clayton, VIC for $19.55 million.

The transaction represents a sale and lease back to PMP Print Pty Ltd ( PMP ); a subsidiary of ASX listed PMP Limited, for 10 years on triple net terms.

The property comprises 31,873 sqm of improvements on 6.1 hectares of land. The property is utilised by PMP, Australia’s largest printing business, to print its catalogues and magazines for its largest customers and is therefore one of PMP’s most important properties in terms of work volume. As a result the property also represents a significant capital investment for PMP, housing its newest state of the art printing press.

The property represents a strong acquisition with appropriate risk adjusted returns providing an attractive yield and triple net lease. The site’s location is an established residential area 21km’s SE from the Melbourne CBD, close to local railway and transport nodes and shopping and medical facilities suggesting a residential rezoning, with initial indications showing up to 325 dwellings, may be the highest and best use for the site at some time in the future.

Dr Frank Wolf, Managing Director of Abacus Property Group said: “We are pleased to deliver another strongly accretive acquisition onto the balance sheet, complementing our recent 33 Queen Street purchase last month. Its attractive yield will immediate contribute to the Group’s earnings and it represents a strong core plus acquisition with strong and clear capital enhancement strategies”

21 May 2013

Ellis Varejes Company Secretary

Neil Summerfield Head of Investor Relations (02) 9253 8600

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