ABACUS STORAGE KING — Major Shareholding Notification 2023

Aug 3, 2023

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

ToCompany Name/Scheme	Abacus Storage King (ASX:ASK) comprised of Abacus Storage Operations Limited (ASOL) and Abacus Storage Property Trust
	(ASPT,together with ASOL, ASK)
ACN/ARSN	ASOL ACN 112 457 075
	ASPT ARSN 111 629 559
Details of substantial holder (1)
Name	Abacus Property Group (ASX:ABP, to have the new name Abacus Group and new ticker code ASX:ABG on or around 10 August
	2023) (the stapled group comprising Abacus Group Holdings Limited (AGHL), Abacus Group Projects Limited (AGPL), Abacus
	Funds Management Limited (AFML) as responsible entity for Abacus Trust (AT) and Abacus Income Trust (AIT)) and their related
	bodies corporate(together theAbacus Group Entities)
ACN/ARSN (if applicable)	AGHL ACN 080 604 619
	AGPL ACN 104 066 104
	AFML ACN 007 415 590
	AT ARSN 096 572 128
	AIT ARSN 104 934 287
There was a change in the interests of the
substantial holder on	4 / August / 2023
The previous notice was given to the company on 3 /August /2023
The previous notice was dated	3 / August / 2023

1. Details of substantial holder (1)

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Fully paid ordinary stapled securities in ASK, each comprising a fully paid ordinary share in ASOL and a fully paid ordinary unit in ASPT(ASK Securities)	260,859,303	22.59% (based on 1,154,516,936 ASK Securities on issue upon De-stapling Implementation1)	260,859,303	19.85% (based on 1,314,102,962 ASK Securities on issue upon allotment of new ASK Securities under the Offer2)

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
4 August 2023	Abacus Group Entities	Dilution of interest following the issue of new ASK Securities under the Offer2.	N/A	260,859,303 ASK Securities	260,859,303

4. Present relevant interests

2 As defined in the Transaction Booklet.

1 As defined in the transaction booklet dated 19 June 2023 and made available to the Abacus Property Group (then consisted of AGHL, AGPL, ASOL, AT, AIT and ASPT) securityholders on 27 June 2023 ( Transaction Booklet ).

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Annexure A to Form 604

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
Abacus Group Entities	AGPL	AGPL	AGPL has a relevant interest under section 608(1)(a) of the Corporations Act 2001 (Cth) (Corporations Act) as the registered holder. Abacus Group Entities have a relevant interest under section 608(3) of the Corporations Act via control of AGPL.	19,870,946 ASK Securities	19,870,946
Abacus Group Entities	AFML as trustee for Abacus Ventures Trust	AFML as trustee for Abacus Ventures Trust	AFML as trustee for Abacus Ventures Trust has a relevant interest under section 608(1)(a) of the Corporations Act as the registered holder. Abacus Group Entities have a relevant interest under section 608(3) of the Corporations Act via control of Abacus Ventures Trust and AFML as trustee for Abacus VenturesTrust.	19,076,108 ASK Securities	19,076,108
Abacus Group Entities	Perpetual Trustee Company Limited as custodian for AT	AFML as responsible entity for AT	Perpetual Trustee Company Limited as custodian for AT has a relevant interest under section 608(1)(a) of the Corporations Act as the registered holder. Abacus Group Entities have a relevant interest under section 608(3) of the Corporations Act via control of AT, Perpetual Trustee Company Limited as custodian for AT and AFML as trustee for AbacusVenturesTrust.	221,912,249 ASK Securities	221,912,249

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

ave become associates (2) of, ceased to be associates of, pany or scheme are as follows:	or have changed the nature of their association (9) with, the substantial holder in relation t
Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

6. Addresses

The addresses of persons named in this form are as follows:

persons named in this form are as follows:
Name	Address
Abacus Group Entities	Level 13, 77 Castlereagh Street, Sydney NSW 2000

Signature

print name Belinda Cleminson Capacity Company Secretary sign here date 4 / August / 2023

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Annexure A to Form 604

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) write “unknown”.

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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