ARENA REIT. — Director's Dealing 2021

May 6, 2021

7 MAY 2021

ASX Market Announcements Office Exchange Centre 20 Bridge Street Sydney NSW 2000

By electronic lodgement

CHANGE OF DIRECTOR’S INTEREST

On 14 April 2020, Ms Rosemary Hartnett, an independent non-executive director of Arena REIT, acquired an initial interest of 9,800 ARF securities. Ms Hartnett subsequently elected to participate in the Arena REIT Dividend and Distribution Reinvestment Plan (DRP).

Due to administrative oversight, allotments of ARF securities associated with the DRP were not notified to ASX in accordance with Listing Rule 3.19A2.

An Appendix 3Y - Change of Director’s Interest Notice has been filed today in relation to the acquisition of additional securities via the DRP.

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

– ENDS –

For further information, please contact: Samantha Rist Head of Investor Relations +61 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 childcare and healthcare sectors. To find out more, please 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)

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

==> picture [64 x 80] intentionally omitted <==

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

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 Rosemary Hartnett

Date of last notice 16 April 2020

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	6 August 2020, 5 November 2020 and 4 February 2021
No. of securities held prior to change	9800 Ordinary stapled securities
Class	Ordinary stapled securities
Number acquired	582
Number disposed	nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$1,419.46
No. of securities held after change	10,382 Ordinary stapled securities

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

LexisNexis Service 12

Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Participation in Distribution Reinvestment

Example: on-market trade, off-market trade, exercise of options, Plan 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	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
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	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

LexisNexis Service 12

01/01/2011 – Appendix 3Y

Page 2