ARC FUNDS LIMITED — Director's Dealing 2016

Jun 5, 2016

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 30/9/2001.

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	JAMES ANDREW JACKSON
Date of last notice	21 OCTOBER 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	INDIRECT
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevant interest.	MISTOVER P/L <MISTOVER A/C>FEDERAL PACIFIC HOLDINGS P/L<FRANKIE SOPHIAJACKSON A/C>
Date of change	3 JUNE 2016
No. of securities held prior to change	1,662,126 ORDINARY SHARES1,600,266 LISTED 50C OPTIONS 31/8/20150,000 UNLISTED 70C OPTIONS31/12/20
Class	ORDINARY SHARES/OPTIONS
Number acquired	100,000 ORDINARY
Number disposed	100,000 LISTED OPTIONS
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$50,000
No. of securities held after change	1,762,126 ORDINARY SHARES1,500,266 LISTED 50C OPTIONS 31/8/20150,000UNLISTED70COPTIONS31/12/20

• See chapter 19 for defined terms.

01/01/2011Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change

EXERCISE OF LISTED OPTIONS

Example: on-market trade, off-market trade, exercise of options, 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.

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----- Start of picture text ----- Detail of contract NILNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed Period

Were the interests in the security N/A or contracts details above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance N/A provided to allow the trade to proceed during this period?

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002