ARENA REIT. — Capital/Financing Update 2020

Jun 29, 2020

30 JUNE 2020

COMPLETION OF SECURITY PURCHASE PLAN

Arena REIT (Arena) advises that it has raised $24.9 million through the Security Purchase Plan (SPP) which closed at 5pm on 25 June 2020.

The SPP was oversubscribed, and Arena has determined to increase the amount raised to eliminate the need to scale back applications in accordance with the terms and conditions set out in the SPP Booklet released to the ASX on 9 June 2020.

Approximately 11.3 million new securities will be allotted and issued on 1 July 2020 and are expected to trade from 2 July 2020. The Issue Price of $2.2115 of the new securities is equal to the price paid by institutional investors in the institutional placement announced on 2 June 2020, less 6.85 cents being the distribution declared per security for the second half of FY20 as announced to the ASX on 19 June 2020.

New securities will rank equally with existing securities from the date of issue.

This announcement is authorised to be given to the ASX by Gareth Winter, Company Secretary.

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For further information, please contact: Samantha Rist Head of Investor Relations +61 3 9093 9000 samantha.rist@arena.com.au

About Arena REIT

Arena REIT is an ASX300 listed property group that owns, manages and develops social infrastructure properties across Australia. Our current portfolio of social infrastructure properties is leased to a diversified tenant base in the growing early learning and healthcare sectors. To find out more, visit www.arena.com.au.

Arena REIT Limited (ACN 602 365 186) Arena REIT Management Limited (ACN 600 069 761 AFSL No. 465754) as responsible entity of Arena REIT No. 1 (ARSN 106 891 641) and Arena REIT No. 2 (ARSN 101 067 878)

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Level 5, 41 Exhibition Street Melbourne VIC 3000 www.arena.com.au

Locked Bag 32002 Collins Street East T +61 3 9093 9000 Melbourne VIC 8003 Freecall 1800 008 494 info@arena.com.au