ABACUS GROUP — Capital/Financing Update 2022

Mar 23, 2022

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NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES 24 March 2022

Abacus Property Group Security Purchase Plan

Abacus Property Group (ASX:ABP) ( Abacus ) announced on Thursday, 17 March 2022 that it will be conducting a non-underwritten security purchase plan ( SPP or Security Purchase Plan ). The SPP opens today. This follows Abacus’ recently completed $200 million institutional placement ( Placement ) which involved the issue of approximately 59.2 million new stapled securities at an offer price of $3.38 per Abacus stapled security.

Eligible Abacus securityholders[1] in Australia and New Zealand now have the opportunity to acquire up to $30,000 of new stapled securities at the same offer price as new stapled securities issued under the Placement, free of any brokerage costs, commission or other transaction costs. New stapled securities issued under the SPP will rank equally with existing Abacus stapled securities.

The SPP will not be underwritten and is expected to raise up to $15 million. Abacus may (at its absolute discretion) decide to scale-back applications under the SPP.

Timetable

Event	Date (Sydney time)
Record date	Wednesday, 16 March 2022 (7:00pm)
SPP offer opens	Thursday, 24 March 2022
SPP offer closes	Thursday, 14 April 2022 (5:00pm)
SPP results date	Wednesday, 20 April 2022
Allotment of new stapled securities issued under the SPP	Tuesday, 26 April 2022
New stapled securities issued under the SPP commence trading	Wednesday, 27 April 2022
Despatch of holding statements	Wednesday, 27 April 2022

1 Eligible securityholders are registered Abacus stapled securityholders as at 7:00pm (Australian Eastern Daylight Time) on Wednesday, 16 March 2022, who have a registered address in Australia or New Zealand, do not hold Abacus stapled securities on behalf of a person who resides outside Australia or New Zealand and are not in the United States or acting for the account or benefit of a person in the United States.

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The timetable is indicative only and subject to change. All times represent Australian Eastern Daylight Time. Abacus reserves the right to amend any or all of these events, dates and times subject to the Corporations Act 2001 (Cth), ASX Listing Rules and other applicable laws. The commencement of quotation and trading of Abacus’ new stapled securities is subject to confirmation from ASX.

Additional information

The terms and conditions of the SPP, including how to apply, are set out in the attached SPP booklet. The SPP booklet has been dispatched to eligible Abacus securityholders today. Participation in the SPP is voluntary.

If you have any questions relating to the SPP, please contact the Registry on 1300 139 440 between the hours of 8.30am – 5.30pm (Sydney time) Monday to Friday.

END

INVESTOR & MEDIA ENQUIRIES

Cynthia Rouse

Head of Investor Relations and Corporate Communications (+61) 2 9253 8600 abacusproperty.com.au

Not for distribution or release in the United States

This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States and may not be distributed or released in the United States or any jurisdiction in which, or to any person to whom, such an offer would be unlawful. The securities to be offered and sold under the SPP have not been and will not be registered under the U.S. Securities Act of 1933, as amended (U.S. Securities Act), or under the securities laws of any state or other jurisdiction of the United States. Accordingly, the securities may not be offered or sold, directly or indirectly, in the United States, except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act, and any other applicable securities laws. In addition, the new securities to be offered and sold under the SPP will only be offered and sold to eligible securityholders in Australia and New Zealand in "offshore transactions" (as defined in Regulation S under the U.S. Securities Act) in reliance on Regulation S under the U.S. Securities Act.

Financial data

All dollar values are in Australian dollars (A$) unless otherwise stated.

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