AIMS PROPERTY SECURITIES FUND — Capital/Financing Update 2014

Nov 26, 2014

ASX Code: APW SGX Code: AIMS Property

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27 November 2014

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ASX Announcement

AIMS Property Securities Fund Fund Update

FOR IMMEDIATE RELEASE

The responsible entity of AIMS Property Securities Fund (APW or the Fund) is pleased to advise Unitholders in the Fund that its offer to purchase from each Unitholder in the AIMS Property Fund (St Kilda Rd) (APF) their units in APF at a price of 43.2 cents per unit closed at 5.00pm (AEST) on Tuesday, 25[th] November 2014.

Following the close of the offer, the Fund will acquire 11,540,083 ordinary units and 6,295,808 preferential units in APF at a price of 43.2 cents per unit which equates to a total consideration of $7,705,105 plus acquisition costs.

Following the settlement and transfer of these units to APW, which is expected to be in January 2015, the Fund will hold 40,327,266 units in APF or approximately 89.5% of the total number of units on issue in APF.

The Fund’s weighted average purchase price of all of its units in APF from inception up to and including this transaction is 39.32 cents per unit which compares to APF’s current NTA of 43.2 cents per unit.

If you have any queries in relation to this announcement, please feel free to contact Michael Goldman on (02) 9217-2773 or email at Michael.goldman@aims.com.au

Yours faithfully

Michael Goldman Head of Real Estate Funds AIMS Fund Management Limited

Head Office Sydney: Level 16, Central Square 323 Castlereagh Street, Sydney NSW 2000 Australia PO Box K222 Haymarket NSW 1240 Australia Client Services: 1300 655 197, 1300 362 117 Fax: +612 9281 7611 Email: mail@macarthurcook.com.au Website: www.macarthurcook.com.au

AIMS Funds Management AIMS Fund Management Limited ABN 79 004 956 558 AFS Licence No: 258052 AIMS Investment Managers Limited ABN 45 099 054 074 Licence No: 225357 SEC No: 801-66388 AIMS Real Estate Funds Limited ABN 32 126 766 167 AFSL No: 318261

Sydney Melbourne Beijing Shanghai Tianjin Guangzhou Hong Kong Singapore

About AIMS Fund Management Limited:

AIMS Fund Management Limited (formerly known as MacarthurCook Fund Management Limited) is a wholly owned subsidiary of the AIMS Financial Group (AIMS), which specialises in the investment management of direct property, real estate securities and mortgage assets.

AIMS manage approximately A$1.5 billion on behalf of over 20,000 Investors/borrowers as at 21 December 2012 and are the investment managers for AIMS Property Fund (St. Kilda Road), MacarthurCook Office Property Trust, AIMS Commercial Mortgage Fund, Advance Mortgage Fund and AIMS Property Securities Fund. AIMS also manages, in a joint-venture arrangement with AMP Capital, the AIMS-AMP Capital Industrial REIT in Singapore.

The AIMS Property Securities Fund is listed on the ASX and the Singapore Exchange. The AIMS-AMP Capital Industrial REIT is listed on the Singapore Exchange.

About AIMS Financial Group:

Established in 1991, AIMS Financial Group (AIMS) is a diversified financial services and investment group with a solid track record and enviable reputation in the mortgage lending, fund management and securitisation markets in Australia, active in the areas of lending, securitisation, investment banking, funds management, property investment, stock exchange ownership and high-tech investment.

Since 1999, AIMS has raised approximately A$4 billion in funds from the capital markets. Of this, AIMS has issued approximately A$3 billion residential mortgage-backed securities, with most of them rated AAA by both Standard & Poors and Fitch Ratings, and has originated over A$5 billion of high quality prime home loans since 1997.

AIMS has actively introduced a number of international investors into the Australian markets and to date. AIMS has also attracted over A$1 billion of investments into Australia from overseas investors.

AIMS is also the investment manager for AIMS' funds, which amount to approximately A$1.5 billion fund as at 1 November 2012.

AIMS' head office is in Sydney, Australia, and it has businesses across Australia, China, Hong Kong and Singapore. Our highly qualified, professional and experienced cross-cultural teams enable AIMS to bridge the gap between Australia and China across various sectors.

AIMS Financial Group Expands During GFC

During the global financial crisis, AIMS expanded its business in a time when many other businesses were experiencing immense difficulties.

In October 2008, AIMS acquired the Asia Pacific Stock Exchange (APX), which is the only Western Securities Exchange 100% owned by a private company.

In April 2009, AIMS became the largest shareholder (15.8%) of the ASX listed fund manager, MacarthurCook Limited (MCK). In August 2009 , AIMS' holding increase to 54% and by November 2009, AIMS' became the 100% owner of MCK which was subsequently delisted from the ASX.

MacarthurCook Turnaround Story

At the time of acquisition, MacarthurCook's fund management business was severely distressed with each of the 4 listed funds and a number of unlisted funds starved of capital and management expertise. Under AIMS' leadership, MacarthurCook's funds have been turned around, stabilised and improved outcome for investors, for example:

A. The MacarthurCook Industrial REIT (MI-REIT) listed on the SGX (now known as AIMS AMP Capital Industrial REIT). At the time of the AIMS acquisition of MacarthurCook in 2009, MI-REIT was a vehicle which was in distress. MI-REIT had an obligation to refinance S$220.8million and purchase a

S$90.2million property which previous management had entered into in 2007 without finance in place. As at 31 March 2009, MI-REIT's market capitalisation was approximately S$60.2 million and total assets were S$544.0 million. In December 2009, MI-REIT was renamed to AIMS AMP Capital Industrial REIT (AA-REIT). Under the new management of AIMS AMP Capital Industrial REIT Management Limited, a joint venture REIT management company owned 50 percent each by AIMS and AMP Capital, AA-REIT has grown significantly with a market capitalisation S$707.8 million and S$1.06 billion total assets as at 31 March 2013.

B. The MacarthurCook Property Securities Fund (MPS) which is listed on the ASX and SGX. Since the takeover of MacarthurCook, through AIMS management, MPS has been able to significantly reduce its debt from A$44.5 million with a gearing ratio of 38% to nil as 31 May 2013. MPS is now uniquely positioned to access the capital markets in Australia and Asia through its dual listing on the ASX and SGX.

C. The privatisation of the MacarthurCook Industrial Property Fund (MIF) which was formerly listed on the ASX and was distressed at the time of acquisition. The share price of the fund at the time AIMS took over MacarthurCook was $0.16. AIMS reduced vacancy in the MIF portfolio and improved the weighted average lease expiry to more than 5 years. In October 2010, unitholders voted in favour of accepting an offer from a US fund at A$0.44 per unit representing a 42.0% premium to the pre-announcement trading price.