ARC FUNDS LIMITED — Director's Dealing 2015

Sep 24, 2015

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	AUSTRALIAN RURAL CAPITAL LIMITED
ABN	52 001 746 710

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	ANDREW JOHN BROWN
Date of last notice	31 JULY 2015

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	DIRECT/INDIRECT
Nature of indirect interest	EXERCISE OF THE RIGHT TO VOTE
(including registered holder)	ATTACHED TO SHARES HELD BY:
Note: Provide details of the circumstances giving rise to the relevantinterest.	ABRON MANAGEMENT SERVICES P/L
	<BROWN FAMILY S/F A/C>; STILETTO
	INVESTMENTS P/L
Date of change	4 SEPTEMBER 2015
No. of securities held prior to change	566,890 ORDINARY SHARES
Class	LISTED 50C OPTIONS 31/8/2020
Number acquired	510,201
Number disposed	-
Value/Consideration	$25,510
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	566,890 ORDINARY SHARES
	510,201 LISTED 50C OPTIONS 31/8/2020

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change

Example: on-market trade, off-market trade, exercise of options, APPLICATION VIA RIGHTS ISSUE issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract

Nature of interest Name of registered holder (if issued securities)

Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired

Interest disposed

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed NO above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period?

If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011