BLACKWALL LIMITED — Capital/Financing Update 2016

Dec 19, 2016

20 December 2016

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ASX Release

Pyrmont Bridge Trust Capital Raising and Acquisition Completed

On 18 October 2016 BlackWall (ASX: BWF) announced it had agreed terms with National Australia Bank under which a wholesale investment trust managed by BlackWall and known as the Pyrmont Bridge Trust will acquire the Banks interest in an $80 million property located at 55 Pyrmont Bridge Road.

BlackWall has successfully raised the $15 million required and completed the acquisition of the Banks position. The capital was raised by way of the rights issue in the Pyrmont Bridge Trust.

The Pyrmont raising follows the over subscribed private placement in the company’s shares completed in September and the $12 million capital raising BlackWall is undertaking in its listed property trust BWR. BWR holds just under 25% of the Pyrmont Bridge Trust.

55 Pyrmont Bridge Road is a media and technology hub in which BlackWall has completed over 6,000 sqm of leasing over the last 24 months. The property now houses a number of media and technology tenants plus two child care centres and a 1,600 sqm WOTSO WorkSpace. WOTSO is a wholly owned subsidiary of BlackWall Limited and provides flexible workspace solutions including serviced offices, collaborative workspace, project space, other technical space and meeting rooms.

Stuart Brown

Chief Executive Officer

For further information, please call:

Stuart Brown Tim Allerton BlackWall Limited City PR (0413) 921 570 (0412) 715 707

BLACKWALL LIMITED ABN 37 146 935 131

Level 1, 50 Yeo Street, Neutral Bay, Sydney NSW 2089 Australia | PO Box 612, Neutral Bay, Sydney NSW 2089 Australia | Tel +61 2 9033 8611 | Fax +61 2 9033 8600 | www.blackwall.com.au