ARENA REIT. — Director's Dealing 2020

Jun 30, 2020

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	Arena REIT (comprising Arena REIT Limited, Arena REIT No. 1 and Arena REIT No. 2)
ABN	Arena REIT Limited ACN 602 365 186
	Arena REIT No. 1 ARSN 106 891 641
	Arena REIT No. 2 ARSN 101 067 878

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	Gareth Winter
Date of last notice	22 November 2019

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 relevantinterest.	Mr Gareth Winter <Winter Family A/C>. MrWinter is a director of the trustee and abeneficiary of the trust.
Date of change	1 July 2020
No. of securities held prior to change	Issued Securities:467,666 Ordinary stapled securitiesLTI Performance rights:381,994Deferred STI rights:33,422
Class	Ordinary stapled securities
Number acquired	13,565 Ordinary stapled securities
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$30,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	No. of securities held after change	Issued Securities:481,231 Ordinary stapled securitiesLTI Performance rights:381,994Deferred STI rights:33,422
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back		Securities acquired through participation inthe Arena REIT Security Purchase Plan,released to the ASX on 9 June 2020.

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	Detail of contract	Not applicable	Not applicable	Not applicable	Not applicable	Not applicable
Natu	re of interest	Not a	pplicable
Name of registered holder(if issued securities)	e of registered holder	Not a	pplicable
Date of change		Not applicable
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed		Not applicable
	Details are only required for a contract into which the interest has changed
Inter	est acquired	Not applicable
Inter	est disposed	Not applicable
ValueNote: Iand an	/Consideration	Not applicable
	f consideration is non-cash, provide detailsestimated valuation
Inter
	st after change	Not applicable
	–+Closed period
				etailedNo
Wereabovclear	the interests in the securities or contracts d			etailed	No
	e traded during a+closed period where priorance was required?			written
If so,to pr	was prior written clearance provided to allow th			e trade	Not applicable
	oceed during this period?
If prior written clearance was provided, on what date was thisprovided?	or written clearance was provided, on what date w			as this	Not applicable

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 Not applicable to proceed during this period?

If prior written clearance was provided, on what date was this Not applicable provided?

• See chapter 19 for defined terms.

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