BLACKWALL LIMITED — Major Shareholding Notification 2011

Oct 19, 2011

Form 603

Corporations Act 2001 Saction 871B

Notice of Initial substantial holder

To_ Company Neme/Schome	BlackMall Proporty Funds Limited
ACNIARSN	146 935 131
1. Details of substantial holder (1)
Neme	JR (Soph) Glew
ACNIARSN (il oppiicabio)

07/02/2011 The holder become a substantial holder on

2. Details of voling power

The lotal number of votes nitached to all the voting shares in the company or voting interests in the scheme likel the substantial holder or
an associate (2) had a relevant interest (3) in on the date the substantial holde

Class of securities (4)	Number of securities	Parson's votes (6)	Vollag power (6)
Drdinary Shares	7,463,586	7,463,586	14.54%

3. Details of relevant interests

The nature of the idevant interest the substantial holder or an associate had in the following voting securities on the date the substantial
holder became a substantial holder are as follows:

Holder of relevent interest	t Nature of relevant interest (7)	Class and number of securities
UJR (Seph) Gler	I Director and Shareholder	Ordinary Shares

4. Details of present registered holders

The persons registered as helders of the securities referred to in paragraph 3 above are as follows:

Holder of relavant Interest	Registered holder of securities	Parson entited to be t registered as holder (6)	Class and number of socurities
soe Annexure "A"

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the
substantial holder became a substantial holder is as followe:

lickler of televant	Date of acquisition	Consideration (9)		Class and number of securities
intorast		Cash	Non cash
JR{Seph}GleH	7/02/2011		distribution 7,463,506	In specie Ordinary Shares $\cdots$

8. Associates

The reasons the persons named in paragraph 3 shove are associates of the substantial holder are as follows:

Name and AGN/ARSN (if applicable) { Nature of association	Program and Constitution Co. Program and Program and Program and Program and Program and Program and Program and Program and Program and Program and Program and Program and Program and Program and Program and Program and TANABA .
Land	------------
--	$1 - 1 - 1 + 1 + 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - 1 - $

7. Addresses

The addresses of persons named in this form we as follows:

Name $11 - 1.11$	. ----------- Address
JR (Seph) Glaw	. PO Box 612 Neutral Bay, NSW 2089 .
	. ________

Signature

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager end invates of an aquity trust), the nemes could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• (2) See the definition of "associato" in section 9 of the Corporations Act 2001.
• (3) See the definition of "relevant interest" in sections 608 and 67 (B(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute une class unless divided into separate classes.
• $(5)$ The lotal number of votes attached to ell the voting shares in the company or voting islarasts in the scheme (if any) likel the porson or an associate has a relevant interest in.
• (6) The person's votes divided by the total votos in the body corporate or scheme multiplied by 100.
• (7) Include details of:
• any relevant agrosment or other circumstances by which the relevant interest was acquired. If subsection 6718(4) applies, a copy of {a} any document selling out the lems of any relevant agreement, and a statement by the person giving full and accurate deteits of any
  contract, scheme or attangement, must accompany this form, together with a written statemen crrangement; end
• any qualification of the power of a person to exercise, control the exercise of, or latinonce the exercise of, the voting powers or ß) disposal of the securities to which the relevant interest relates (indicating clearly the perticular securities to which the graditcables applies).

See the definition of "relevant egreement" in section 9 of the Corporations Act 2001.

• If the substantist holder is unable to determine the identity of the person (eg. if the relayent interest erises because of an option) with ${3}$ 'unkumwa'.
• Dolalis of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was
  acquired has, or may, become entitled to receive in relation to that acquisition. Details m (9) the happening or not of a contingency. Datable must be included of any benefit paid on behalf of the aubstantial holder or its essectate in relation to the acquisitions, aven if they are not paid directly to the parson from whom the relevent interest was acquired.

Holder of	Registered Holder	Person entitled to	Class and
Relevant	of Securities	be registered	Number
Interest		holder
JR(Seph)Glew	Jagar Holdings Pty	Jagar Holdings Pty	Ordinary Shares
	Limited	Limited	4,307,500
JR(Seph}Glew	Seno Management	Seno Management	Ordinary Shares
	Pty Limited	Pty Limited	1,160,157
JR(Seph)Glew	Jagar Property	Jagar Property	Ordinary Shares
	Consultants Pty Ltd	Consultants Pty Ltd	842,741
JR(Seph)Glew	Sao Investments	Sao Investments	Ordinary Shares
	Pty Limited	Pty Llmited	565,521
JR(Seph)Glew	Seno Management	Seno Management	Ordinary Shares
	Pty Limited	Pty Limited	315,000
JR(Seph)Glew	Valview Pty	Valview Pty	Ordinary Shares
	Limited	Limited	176,667
JR(Seph)Glew	Bln24 Restaurants	Bin24 Restaurants	Ordinary Shares
	Pty Limited	Pty Linnited	20,000
JR(Seph)Glow	LP.B.T. Nominees	LP.U.T. Nominces	Ordinary Shares
	Pty Limited	Pty Limited	20,000
JR(Seph)Glew	PRSC Pty Limited	PRSC Pty Limited	Ordinary Shares
			20,000
JR(Seph)Glew	Alerik Pty Limited	Alerik Pty Limited	Ordinary Shares
			8,000
JR(Seph)Glew	Seno Management	Seno Management	Ordinary Shares
	Pty Limited	Pty Limited	8,000

This is Annexure "A" of one page referred to in Form 603, 4. Details of present
registered holders, Notice of Substantial Shareholder BlackWall Property Funds
Limited ACN 146 935 131

$\overrightarrow{a}$

JR(Seph)Glew
20 10 2011

J.

Form 603

Corporations Act 2001 Socilen 671B

Notice of Initial substantial holder

To_Company Name/Scheme	BlackWall Property Funds Limited
ACN/ARSN	146 935 131
1. Details of substantial holder (1)
Nano	Paul Tresidder
ACNIARSN (if applicable)

21/10/2011 The holder became a substantial holder on

2. Details of voting power

The total number of votes attacked to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) In on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Porson's votes (5)	Voting power (6)
Ordinary Shares	7,204,065	7,204,065	14.04%

3. Details of rolovant interests

The nature of the relevant interest the substantial holder or an essociate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant luterest	Nature of relevant interest (7)	Class and number of securities
Paul Tresidder	Director and Shareholder	Ordinary Shares 7,204,065

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Hoster of rolevant interest	Registered holder of securities	Person entitled to be segistered as holder (B)	Class and number of securities
'see Annexuze "A"

5. Consideration

The consideration paid for each retevent interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

i Holder of relevant.	Date of acquisition	Consideration (9)		Class and number of securities
interest
		Cash	Non-cash
		.		in specie Ordinary Shares
Paul Tresidder	7/02/2011		distribution $17,204,065$

. . . . . . . . . . . . . . .

. . . .

B. Associates

The reasons the persons named in paragraph 3 shove are associates of the substantial holder are as follows:

Name and ACNIARSN (if applicable)	Nature of association

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Paul Tresidder	PO Box 612, Neutral Bay, NSW 2089

Signature

print name	Paul Tresidder	capacity	Director
sign here	$\sim$ and $\sim$	data	20/10/2011
	DIRECTIONS

• If there are a number of substantial holders with similar or related relovant interests (eg. a corporation and its related corporations, or the $(1)$ manager and trustoo of an equity trust), the names could be included in an annoxure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001, $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) thet the porson or an 45) associate has a rolevant interest in.
• 'the person's votes divided by the total votes in the body corporate or scheme natiliatiod by 100. $(6)$
• $(7)$ include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of ${ \mathbf{e} }$ any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or $(b)$ disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification epplies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• If the substantial holder is enable to determine the identity of the person (eg. If the relavant interest arises because of an option) write $(8)$ "unknown".
• Details of the consideration must include any and all benefits, money and other, that any person from whem a relevant interest was {9} acquired has, or may, become entitied to recolve in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Datalls must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the refevant interest was acquired.

Holder of Relevant Interest	Registered Holder of Securities	Person entitled to be registered holder	Class and Number
Paul Tresidder	Paul Tresidder	Paul Tresidder	Ordinary Shares 8.002
Paul Tresidder	Hollia Pty Limited	Hollia Pty Limited	Ordinary Shares 4,307,500
Paul Tresidder	Lymkeesh Pty	Lymkeesh Pty	Ordinary Shares
	Limited	Limited	1,164,024
Paul Tresidder	Jagar Property	Jagar Property	Ordinary Shares
	Consultants Pty Ltd	Consultants Pty Ltd	842,741
Paul Tresidder	Sao Investments	Sao Investments	Ordinary Shares
	Pty Limited	Pty Limited	565,521
Paul Tresidder	Valview Pty	Valview Pty	Ordinary Shares
	Limited	Limited	176,667
Paul Tresidder	Lymkeesh Pty Limited <employees Super Fund></employees	Lymkeesh Pty Limited <employees Super Fund></employees	Ordinary Shares 63,610
Paul Tresidder	Bin24 Restaurants	Bin24 Restaurants	Ordinary Shares
	Pty Limited	Pty Limited	20,000
Paul Tresidder	J.P.U.T. Nominees	I.P.U.T. Nominees	Ordinary Shares
	Pty Limited	Pty Limited	20,000
Paul Tresidder	PRSC Pty Limited	PRSC Pty Limited	Ordinary Shares 20,000
Paul Tresidder	Alerik Pty Limited	Alerik Pty Limited	Ordinary Shares 8,000
Paul Tresidder	Mrs Lynne	Mrs Lynne	Ordinary Shares
	Tresidder	Tresidder	8,000

This is Annexure "A" of one page referred to in form 603, "4. Details of present registered holders", Notice of Substantial Shareholder BlackWall Property Funds
Limited ACN 146 935 131

$\acute{\text{P}}$ aul Tresidder 20 10 2011

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

Jo., Company Hanta/Scheme	BLACKWACL PROPERTY FUNDS WINTED
acniarsil	146935131
5. Details of substantial bolder (1) Name ACNINASN (if eppticane)	VINTAGE CAPITAL PTY LIMITED 76.337.592

The fielder became a substantial holder on

1. Details of voling power

hia latai minder of votes attached (o all the voting shares in the company or voting filterests in the schoos that the substantial holder or an ussociate (2) hud a
Telewal interest (3) in on the date the substantial holder

$21/10/17$

Class of securities [4]	NUMBER of SECURITIES	Person's votes (5)	Yoting ptri24 (6)
ORD SHARES	166.188 н.	166,188	o - 1
		----

3. Details of relovant interests

The nature of the relevant interest the substantial holder or an associate had in the foliosolng voltages certifies on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Naune of relevant interest (7)	Class and member of securities
VINDOSE CAPITRE PILL	RESIGRED ONNER	5166.188
		ORD SIGRES

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above me as follows:

in erost	Holder of referant	Registered halder of securidos	Person entitied to be registered as holder (B)	Class and number of seconifies
		WINDING CAPETAL PLUINANG CARTALOIL VININGE CARINLON 5,166, 188
				ORD SWARES

6. Consideration

In consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder become a substandationaler is as follows:

Holder of televard Fronti	Date of occuls aron	Consideration (%		Class and number of securities
Уштуе сагин. Ек,	2/201	$-1$ Cash	Man cash
	11.1.1.0
		1.71 $\overline{\phantom{a}}$		l on sumes

6. Associates

Hie reasons the persons named in peragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/AR5N (il applicable) .	Mature of association
AH.
--------------------------------------	---- ----- _ . __

7. Addressos

The addresses of persons named in this form are as follows:

Haire	Address
ROBIN TEDDER	Level I, 50 YEO STREET, NEWTAALBAY
	S 10 NEY 205Y NS W

International . . . . . . . . . . . . . . . . . . . .

Signature

• lf there are a member of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trusted of an
  equity trash), the names could be included in an ann $\mathbf{u}$ four.
• Ø See the definition of "associate" In section 9 of the Corporations Act 2001.
• w See the definition of "relevant interest" in sections 608 and 6710(i) of the Corporations Act 2001.
• The voting shares of a company constitute considers unless divided into separate classos. 10
• Ø, The total number of votes attached to all the withg shares in the company or voting interests in the scheme (if any that the person or an associate has a celevant Interest in
• 10 No person's votes divided by the total votes in the body corporate or schoute multiplied by NO.
• Ø include details of:
• N any referent agreement or other circumstantes by which the relevant leterest was acquired. If subsection 8710(i) applies, a copy of any document setting out the terms of ony relevant agreement, and a statement by the person gering full and accurate details of any contract, schema or amangement, must accompany this form, together with a waltten statement contiging this contract, schools or prrengement; and
• any qualification of the power of a porson to exercise, control tha exercise of, or influence the exercise of, the voting powers or disposal of the securities to
  Vitich the relevant interest relates (raticating cleady the Ŋ

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the klentity of the person (eg. if the relevant interest arises because of an option) write "unboorm". W.
• Þ. Details of the consideration must induct any and all benefits, money and other, that any person from where a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Belairs must be included even if the bonefit is conditional on the happening or not of a contingency. Details must be In hood of any bonefit paid on bohalf of the substantial holder or its associate in no manufacture we conserve the experime or in a contingency. Details must be
  The relevant biterest was acquired.