BLACKWALL LIMITED — Major Shareholding Notification 2011

Oct 17, 2011

BlackWall Property Funds Limited Top 20 Shareholders

Rank Name Designation 1 Vintage Capital Pty Limited =2 Hollia Pty Limited =2 Jagar Holdings Pty Ltd 3 Sandhurst Trustees Ltd 4 Officium Investments Pty Ltd 5 Kirela Pty Ltd 6 Lymkeesh Pty Ltd 7 Koonta Pty Ltd 8 Seno Management Pty Ltd 9 Pelorus Property Group Ltd 10 Mr Richard Hill 11 Jagar Property Consultants Pty Ltd 12 Pinnatus Pty Ltd 13 Methuselah Capital Management Pty Ltd 14 Glenahilty Pty Limited 15 Tampopo Pty Ltd 16 Castlebay Pty Ltd 17 Jp Morgan Nominees Australia Limited 18 I P R Nominees Pty Ltd <1965 Irvin Peter Rockman A/C> 19 Trust Company Of Australia Ltd 20 Sao Investments Pty Ltd Top 20 Investors Other Total

Shares Percentage 5,166,188 10.1% 4,307,500 8.4% 4,307,500 8.4% 2,762,000 5.4% 1,336,258 2.6% 1,268,405 2.5% 1,164,024 2.3% 1,158,461 2.3% 1,152,157 2.2% 938,400 1.8% 873,604 1.7% 842,741 1.6% 807,166 1.6% 805,412 1.6% 772,088 1.5% 754,082 1.5% 678,730 1.3% 674,600 1.3% 594,870 1.2% 592,200 1.2% 565,521 1.1% 31,521,907 61.4% 19,804,114 38.6% 51,326,021 100.0%