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BWP GROUP Major Shareholding Notification 2024

Feb 15, 2024

64592_rns_2024-02-15_c7df5b27-5c70-4650-bcf7-00ea3c333f60.pdf

Major Shareholding Notification

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16 February 2024

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BWP TRUST OFFER TO MERGE WITH NEWMARK PROPERTY REIT NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

The Directors of BWP Management Limited as responsible entity for the BWP Trust (ASX:BWP) (“ BWP ”) refer to its off-market takeover offer (“ Offer ”) under Chapter 6 of the Corporations Act 2001 (Cth) ( Corporations Act ) for all of the stapled securities in Newmark Property REIT (ASX:NPR) (“ NPR ”).

Enclosed with this announcement is an ASIC Form 604: Notice of change of interests of substantial holder, in relation to BWP’s holding in NPR in accordance with section 671B of the Corporations Act.

BWP announces that, as at 7:00pm on 15 February 2024, BWP has a relevant interest in 39,548,288 NPR securities representing approximately 22.24 per cent of the total number of NPR securities on issue.

This is an increase from 35,876,599 NPR securities representing approximately 20.18 per cent of the total NPR securities on issue, as disclosed in BWP’s previous Form 604: Notice of change of interests of substantial holder dated 15 February 2024.

For further information, please contact:

Mark Scatena

Managing Director BWP Management Limited Telephone: +61 8 9327 4356 E-mail: [email protected]

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme Newmark REIT Management Limited as responsible entity for Newmark Property REIT, a stapled group comprising Newmark Hardware Trust (ARSN 161 274 111) and Newmark Capital (Chadstone) Property Trust (ARSN 648 280 219) ( NPR ) ACN/ARSN ACN 644 715 382 1. Details of substantial holder (1) Name BWP Management Limited as responsible entity of the BWP Trust ARSN 088 581 097 ( BWP ) and each of the entities listed in Annexure A ACN\ARSN (if applicable) ACN 082 856 424 There was a change in the interests of the substantial holder on 15/02/2024 The previous notice was given to the company on 15/02/2024 The previous notice was dated 15/02/2024

2. Previous and present voting power

The total number of votes attached 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4) Previous notice Previous notice Present notice Present notice
Person’s votes Voting power (5) Person’s votes Voting power (5)
Fully paid ordinary shares 35,876,599 20.18% 39,548,288 22.24%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme, are as follows:

Date of change Person whose
relevant interest
changed
Nature of change (6) Consideration given in relation to change
(7)
Class and
number of
securities
affected
Person’s votes
affected
15/02/2024 BWP Increase in relevant
interest as a result of
acceptances of offers
made under an off-
market takeover bid
pursuant to the
bidder’s statement
dated 7 February
2024, as replaced or
supplemented
(Offers) by BWP for
all issued ORD
securities in NPR
(Offer Acceptance
Contracts)
0.4 fully paid units in BWP for every 1 fully
paid ordinary security in NPR, subject to the
terms and conditions of the Offer.
3,671,689
ORD
3,671,689
15/02/2024 Wesfarmers
Investments Pty
Ltd (ACN 078 120
877) (ASX: WES)
(Wesfarmers)
Increase in relevant
interest as a result of
acceptances of Offer
Acceptance Contracts
0.4 fully paid units in BWP for every 1 fully
paid ordinary security in NPR, subject to the
terms and conditions of the Offer.
3,671,689
ORD
3,671,689

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant
interest
Registered holder
of securities
Person entitled to be
registered as holder
(8)
Nature of relevant interest (6) Class and
number of
securities
Person’s votes
BWP (a)
The holders
of NPR
securities
who have
accepted the
Offers;
and/or
(b)
where
transfers
under the
Offer
Acceptance
Contracts
have
completed,
BWP.
Subject to the terms of
the Offer, BWP
BWP’s relevant interest is as a result of
acceptances of the Offers ad/or transfers of
the NPR securities under the terms of the
Offer.
6,923,794
ORD
6,923,794
Wesfarmers (a)
The holders
of NPR
securities
who have
accepted the
Offers;
and/or
(b)
where
transfers
under the
Offer
Acceptance
Contracts
have
completed,
BWP.
Subject to the terms of
the Offer, BWP
Wesfarmers has a relevant interest under
section 608(3)(b) of the Corporations Act as
it has a voting power of 24.75% in BWP.
6,923,794
ORD
6,923,794
BWP and Wesfarmers Newmark Property
Group Pty Ltd
(ACN 152 310 980)
(NPG)
NPG BWP has a relevant interest under section
608(8) of the_Corporations Act 2001_(Cth)
(Corporations Act) pursuant to a Pre-bid
Acceptance Deed with respect to securities
in NPR between BWP, Newmark REIT
Management Limited and others dated
24/01/24 (Pre-bid Acceptance Deed), a
copy of which is annexed to this notice as
Annexure B. Under the Pre-bid Acceptance
Deed, BWP is taken to have a relevant
interest in the shares in NPR held by
Newmark in anticipation of the securities
being transferred on completion of the
takeover forthe securitiesin NPR.
10,554,090
ORD
10,554,090
BWP and Wesfarmers Haya Capital Pty
Ltd (ACN 614 477
119) (Haya)
Haya BWP has a relevant interest pursuant to the
Pre-Bid Acceptance Deed.
3,508,733
ORD
3,508,733
Holder of relevant
interest
Registered holder of
securities
Person entitled to be
registered as holder
(8)
Nature of relevant interest (6) Class and
number of
securities
Person’s votes
BWP and Wesfarmers Ronnie Capital Pty
Ltd (ACN 613 192
046) (Ronnie
Capital)
Ronnie Capital BWP has a relevant interest pursuant to
the Pre-Bid Acceptance Deed.
3,340,484 ORD 3,340,484
BWP and Wesfarmers Newmark Capital
Limited (ACN 126
256 690) (Newmark
Capital)
Ronnie Capital BWP has a relevant interest pursuant to
the Pre-Bid Acceptance Deed.
6,761,144 ORD 6,761,144
BWP and Wesfarmers Newmark Capital Newmark Capital BWP has a relevant interest pursuant to
the Pre-Bid Acceptance Deed.
629,834 ORD 629,834
BWP and Wesfarmers Newmark Capital
Investments Pty Ltd
(ACN 622 917 435)
(Newmark Capital
Investments)
Robo Capital Pty Ltd
(ACN 129 390 389) as
trustee for the Robo
Capital Investment
Trust ABN 75 743 054
887 (Robo Capital)
BWP has a relevant interest pursuant to
the Pre-Bid Acceptance Deed.
6,776,243 ORD 6,776,243
BWP and Wesfarmers Newmark REIT
Management
Limited (ACN 644
715 382) (NRML)
NRML BWP has a relevant interest pursuant to
the Pre-Bid Acceptance Deed.
560,116 ORD 560,116
BWP and Wesfarmers Spyglass Holdings
Pty. Ltd. ACN 116
979 901 as trustee
for The Langford
Family Trust
(Spyglass)
Spyglass BWP has a relevant interest pursuant to
the Pre-Bid Acceptance Deed.
48,728 ORD 48,728
BWP and Wesfarmers Cathma
Investments Pty Ltd
ACN 133 902 146
as trustee for Super
Safari Fund
(Cathma)
Cathma BWP has a relevant interest pursuant to
the Pre-Bid Acceptance Deed.
27,323 ORD 27,323
BWP and Wesfarmers Rubycon Pty. Ltd.
ACN 060 560 205
as trustee for
Morshine Super
Fund (Rubycon)
Rubycon BWP has a relevant interest pursuant to
the Pre-Bid Acceptance Deed.
369,071 ORD 369,071
BWP and Wesfarmers Morshine Holdings
Pty Ltd ACN 622
142 269 as trustee
for Morshine
Holdings
(Morshine)
Morshine BWP has a relevant interest pursuant to
the Pre-Bid Acceptance Deed.
48,728 ORD 48,728

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association
N/A N/A

6. Addresses

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

Name Address
BWP Level 14, Brookfield Place, Tower 2, 123 St Georges Terrace, Perth WA 6000
Wesfarmers Level 14, Brookfield Place, Tower 2, 123 St Georges Terrace, Perth WA 6000
Each of the associates listed in Annexure A See Annexure A
NPG Level 17, 644 Chapel Street, South Yarra, VIC 3141
Haya 3-4 Dirlton Crescent, Park Orchards, VIC 3114
Ronnie Capital 3-4 Dirlton Crescent, Park Orchards, VIC 3114
Newmark Capital Investments 3-4 Dirlton Crescent, Park Orchards, VIC 3114
Robo Capital 3-4 Dirlton Crescent, Park Orchards, VIC 3114
Newmark Capital Level 17, 644 Chapel Street, South Yarra VIC 3141
NRML Level 17, 644 Chapel Street, South Yarra VIC 3141
Spyglass 90 Valley View Lane, Main Ridge VIC 3928
Cathma 3-4 Dirlton Crescent, Park Orchards VIC 3114
Rubycon 222 St Kilda Road, St Kilda VIC 3182
Morshine 222 St Kilda Road, St Kilda VIC 3182

Signature

print name Mark Scatena sign here

capacity Managing Director date 16/02/2024

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 and trustee of an equity trust), the names 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 “associate” in section 9 of the Corporations Act 2001.

  • (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

(4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

  • (6) Include details of:

  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of 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

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

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

(7) Details 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 must be included even if the benefit is conditional on the happening or not of a contingency. Details 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 relevant interest was acquired.

(8) If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) write "unknown". (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ANNEXURE A

This is Annexure A of 15 pages marked Annexure A mentioned in the accompanying Form 604 (Notice of Change of Interests) signed by me and dated 16/02/2024:


Name: Mark Scatena

Title: Managing Director

BWP Management Limited (ACN 082 856 424) as responsible entity for the BWP Trust (ARSN 088 851 097)

Name ACN/ARSN Address
BWP Management Limited as responsible
entity for the BWP Trust (ARSN 088 851
097)
ACN 082 856 424 Level 14, Brookfield Place Tower 2,
123 St Georges Terrace, Perth WA 6000
Wesfarmers Investments Pty Ltd ACN 078 120 877 Level 14, Brookfield Place Tower 2,
123 St Georges Terrace, Perth WA 6000
Name ACN/ARSN Address
Associates of Wesfarmers Limited: All of Level 14, Brookfield Place Tower 2,
123 St Georges Terrace, Perth WA 6000
unless otherwise specified
ACN 003 921 873 PTY LIMITED 003 921 873
ACN 004 191 646 PTY LTD 004 191 646
ACN 061 462 593 PTY LTD 061 462 593
ACN 112 719 918 PTY LTD 112 719 918
ACN 645 670 711 PTY LTD 645 670 711
ACN 645 674 102 PTY LTD 645 674 102
AESTHETICS SKINCARE PTY LTD 628 532 150
ANKO GLOBAL HOLDINGS PTY LTD 167 973 408
ANKO GLOBAL (FRANCE) SAS 1 Place Boieldieu, 75001 Paris
API (CANBERRA) PTY LTD 002 300 932
API FINANCIAL SERVICES AUSTRALIA
PTY LIMITED
103 954 294
API HEALTHCARE HOLDINGS (NZ)
LIMITED
PricewaterhouseCoopers, Level 26 PwC
Tower,
15 Customs Street West, Auckland 1010,
New Zealand
API LEASING PTY LTD 628 549 333
API OWNED CSC PTY LTD 629 420 097
API SERVICES AUSTRALIA PTY LTD 166 626 428
API VICTORIA PTY LTD 001 941 608
ASC COOMERA PTY LTD 656 951 441
ASC EPPING FRANCHISE PTY LTD 653 975 645 Perks, 8/81 Flinders Street, Adelaide SA
5000
ASC GREENSBOROUGH PTY LTD 659 178 159 Perks, 8/81 Flinders Street, Adelaide SA
5000
ASC HOLD CO PTY LTD 612 648 969
ASC IP HOLDINGS PTY LTD 154 688 552
ASC MARION PTY LTD 163 349 657
ASC MASTER FRANCHISE PTY LTD 153 138 268
ASC NORTH LAKES JOINT VENTURE PTY
LTD
665 262 975 Perks, 8/81 Flinders Street, Adelaide SA
5000
AUSTRALIAN GOLD REAGENTS PTY LTD 009 140 121
AUSTRALIAN INTERNATIONAL
INSURANCE LIMITED
006 544 690
AUSTRALIAN LIGHT MINERALS PTY LTD 143 526 096
AUSTRALIAN PHARMACEUTICAL
INDUSTRIES (QUEENSLAND) PTY LTD
009 781 668
AUSTRALIAN SKIN CLINICS MARKETING
FUND PTY LTD
637 889 939
AUSTRALIAN PHARMACEUTICAL
INDUSTRIES PTY LTD
000 004 320
AUSTRALIAN UNDERWRITING HOLDINGS
LIMITED
005 961 302
AUSTRALIAN UNDERWRITING SERVICES
PTY LTD
079 021 426
AUSTRALIAN VINYLS CORPORATION PTY
LTD
078 558 595
AVC HOLDINGS PTY LTD 099 222 456
AVC TRADING PTY LTD 099 189 072
BBC HARDWARE LIMITED 000 003 378
BBC HARDWARE PROPERTIES (NSW)
PTY LIMITED
079 661 144
BBC HARDWARE PROPERTIES (VIC) PTY
LIMITED
079 668 652
BEAUMONT AUSTRALIA PTY LIMITED 106 666 602
BEAUMONT BATHROOM RENOVATOR
(SA) PTY LIMITED
101 788 872
BEAUMONT TILES (VIC) PTY LIMITED 008 081 687
BEAUMONT TILES NZ PTY LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower,
15 Customs Street West, Auckland 1010,
New Zealand
BEAUMONT'S DISCOUNT TILE
WAREHOUSE PTY LIMITED
010 757 650
BEAUTY SERVICES HOLDINGS PTY LTD 086 990 785
BEAUTY SERVICES (NEW SOUTH
WALES) PTY LTD
118 148 619
BEAUTY SERVICES PTY LTD 093 485 904
BLACKSMITH JACKS PTY LTD 115 803 659
BLACKWOODS 4PL PTY LTD 160 149 842
BPI MANAGEMENT PTY LTD 164 104 849
BPI NO 1 PTY LTD 162 491 072
BRANDSEXCLUSIVE (AUSTRALIA) PTY
LTD
134 744 460
BRESNAHAN EXPLORATION PTY LTD 656 860 249
BUKI (AUSTRALIA) PTY LTD 610 588 586
BULLIVANTS INTERNATIONAL PTY LTD 165 161 142
BULLIVANTS PTY LIMITED 087 887 072
BUNNINGS (NZ) LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower, 15 Customs Street West, Auckland
1010, New Zealand
BUNNINGS GROUP LIMITED 008 672 179
BUNNINGS JOONDALUP PTY LTD 156 559 090
BUNNINGS LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower, 15 Customs Street West, Auckland
1010, New Zealand
BUNNINGS MANAGEMENT SERVICES
PTY LTD
008 683 387
BUNNINGS PROPERTIES PTY LTD 008 557 622
BUNNINGS TECHNOLOGIES INDIA
PRIVATE LIMITED
10th Floor, Tower-2, Block NXT, Outer Ring
Road, Nagawara, Bengaluru (Bangalore)
Urban Bangalore, Bangalore - 560038,
Karnataka, India
BWP MANAGEMENT LIMITED 082 856 424
C S HOLDINGS PTY LIMITED 001 139 751
CAMPBELLS HARDWARE & TIMBER PTY
LIMITED
056 937 636
CATCH ESSENTIALS PTY LTD 631 124 537
CATCH GROUP HOLDINGS LIMITED 159 074 003
CATCH.COM.AU PTY LTD 149 779 939
CGNZ FINANCE LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower, 15 Customs Street West, Auckland
1010, New Zealand
CHEMICAL HOLDINGS KWINANA PTY LTD 009 187 375
CLEARSKINCARE ADELAIDE STREET
PTY LTD
138 673 051
CLEARSKINCARE BENDIGO PTY LTD 162 557 593
CLEARSKINCARE BONDI BEACH PTY LTD 169 311 988
CLEARSKINCARE BONDI JUNCTION PTY
LTD
112 996 817
CLEARSKINCARE BRIGHTON PTY LTD 149 793 313
CLEARSKINCARE CANBERRA CITY PTY
LTD
161 157 740
CLEARSKINCARE CARINDALE PTY LTD 163 964 207
CLEARSKINCARE CAROUSEL PTY LTD 614 145 961
CLEARSKINCARE CHATSWOOD PTY LTD 159 948 768
CLEARSKINCARE CHERMSIDE PTY LTD 163 964 289
CLEARSKINCARE CHIRNSIDE PARK PTY
LTD
607 484 499
CLEARSKINCARE CITY SQUARE PTY LTD 156 039 075
CLEARSKINCARE CLAREMONT PTY LTD 149 776 796
CLEARSKINCARE CLARENCE STREET
PTY LTD
129 681 698
CLEARSKINCARE CLINICS AUSTRALIA
PTY LTD
608 881 170
CLEARSKINCARE CLINICS PAYROLL PTY
LTD
169 902 765
CLEARSKINCARE CLINICS PTY LTD 169 437 790
CLEARSKINCARE COCKBURN GATEWAY
PTY LTD
613 429 744
CLEARSKINCARE COLLINS STREET PTY
LTD
139 364 588
CLEARSKINCARE CREMORNE PTY LTD 122 012 695
CLEARSKINCARE CRONULLA PTY LTD 144 965 560
CLEARSKINCARE DONCASTER PTY LTD 160 711 839
CLEARSKINCARE FREMANTLE PTY LTD 600 199 068
CLEARSKINCARE HURSTVILLE PTY LTD 614 145 989
CLEARSKINCARE LEICHHARDT PTY LTD 127 080 022
CLEARSKINCARE MACARTHUR SQUARE
PTY LTD
143 533 411
CLEARSKINCARE MACQUARIE CENTRE
PTY LTD
605 453 834
CLEARSKINCARE MIRANDA PTY LTD 130 094 389
CLEARSKINCARE MOONEE PONDS PTY
LTD
150 113 198
CLEARSKINCARE MT LAWLEY PTY LTD 603 977 019
CLEARSKINCARE NEWMARKET LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower,
15 Customs Street West, Auckland 1010,
New Zealand
CLEARSKINCARE NORTHLAND PTY LTD 605 526 163
CLEARSKINCARE NORWOOD PTY LTD 605 395 319
CLEARSKINCARE PARRAMATTA PTY LTD 117 182 206
CLEARSKINCARE QUENTIN AVE PTY LTD 165 308 127
CLEARSKINCARE QV MELBOURNE PTY
LTD
604 349 484
CLEARSKINCARE ROBINA PTY LTD 168 893 918
CLEARSKINCARE ROCKDALE PTY LTD 133 866 752
CLEARSKINCARE SOUTH AUSTRALIA
PTY LTD
168 548 034
CLEARSKINCARE SOUTH YARRA PTY
LTD
142 668 657
CLEARSKINCARE SOUTHLAND PTY LTD 605 776 476
CLEARSKINCARE SOUTHPORT PTY LTD 146 628 597
CLEARSKINCARE SUNSHINE PLAZA PTY
LTD
169 751 731
CLEARSKINCARE TAKAPUNA LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower,
15 Customs Street West, Auckland 1010,
New Zealand
CLEARSKINCARE TOOWONG PTY LTD 150 839 062
CLEARSKINCARE VENTURES PTY LTD 627 348 190
CLEARSKINCARE WARRINGAH MALL PTY
LTD
169 135 175
CLEARSKINCARE WEST END PTY LTD 128 520 301
CLINIC LEASING PTY LTD 164 993 042
CM3 CONTRACTOR MANAGEMENT PTY
LTD
655 875 620
CMNZ INVESTMENTS PTY LTD 065 288 002
CONSORTIUMCO PTY LTD 124 714 736
COO-EE INVESTMENTS PTY LIMITED 008 397 297
COREGAS NZ LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower, 15 Customs Street West, Auckland
1010, New Zealand
COREGAS PTY LTD 001 255 312
CROSBY TILES PTY LTD 006 844 579
CSBP AMMONIA TERMINAL PTY LTD 009 387 615
CSBP LIMITED 008 668 371
CSC ASHFIELD MALL PTY LTD 635 603 566
CSC AUCKLAND LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower,
15 Customs Street West, Auckland 1010,
New Zealand
CSC BAYSIDE FRANKSTON PTY LTD 629 635 203
CSC CAMBERWELL PTY LTD 629 625 654
CSC FOREST HILL PTY LTD 637 341 292
CSC FORREST CHASE PTY LTD 636 287 815
CSC FRANCHISING PTY LTD 629 421 110
CSC HOLDINGS AUSTRALIA PTY LTD 625 519 075
CSC HOLDINGS NEW ZEALAND LTD PricewaterhouseCoopers, Level 26 PwC
Tower,
15 Customs Street West, Auckland 1010,
New Zealand
CSC JOONDALUP PTY LTD 636 349 570
CSC MANUKA PTY LTD 638 048 718
CSC MORDIALLOC PTY LTD 629 642 833
CSC MT OMMANEY PTY LTD 636 093 920
CSC NORTH SYDNEY PTY LTD 634 272 398
CSC NORTHBRIDGE PTY LTD 638 048 683
CSC PONSONBY LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower,
15 Customs Street West, Auckland 1010,
New Zealand
CSC PORT MELBOURNE PTY LTD 629 480 397
CSC PRODUCTS PTY LTD 625 520 238
CSC RIVERTON PTY LTD 638 048 763
CSC SHARED SERVICES PTY LTD 629 624 817
CSC WEST LAKES PTY LTD 634 272 334
CSC WHITFORD PTY LTD 629 638 222
CTE PTY LTD 005 744 374
CUMING SMITH AND COMPANY LIMITED 004 048 319
DAIRY PROPERTIES PTY LTD 158 255 933
DAVYSTON EXPLORATION PTY LTD 656 798 837
DOWD CORPORATION PTY LTD 005 744 561
EASTFARMERS PTY LTD 008 713 326
EDEN FRANCHISE COMPANY PTY LTD 615 519 394
EDEN HOLDING COMPANY PTY LTD 615 519 901
EDEN LASER CLINICS PTY LTD 151 004 474
EDEN LASER CLINICS (001) PTY LTD 151 004 867
EDEN LASER CLINICS (002) PTY LTD 151 005 088
EDEN LASER CLINICS (003) PTY LTD 156 152 313
EDEN LASER CLINICS (004) PTY LTD 161 363 711
EDEN LASER CLINICS (005) PTY LTD 168 002 711
EDEN LASER CLINICS (006) PTY LTD 602 096 471
EDEN LASER CLINICS (007) PTY LTD 608 440 562
EDEN LASER CLINICS (008) PTY LTD 613 099 371
EDEN LASER CLINICS (009) PTY LTD 615 895 540
EDEN LASER CLINICS (010) PTY LTD 634 611 975 Perks, 8/81 Flinders Street, Adelaide SA
5000
FIF INVESTMENTS PTY LIMITED 089 634 239
FORWARD SCOUT ENTERPRISES PTY
LTD
145 672 206
FOSSEYS (AUSTRALIA) PTY LTD 000 142 665
GARRETT INVESTMENTS LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower,
15 Customs Street West, Auckland 1010,
New Zealand
GEEKS2U HOLDINGS PTY LIMITED 627 234 253
GEEKS2U INTERNATIONAL PTY LIMITED 622 053 007
GEEKS2U IP PTY LIMITED 099 375 658
GEEKS2U NZ LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower, 15 Customs Street West, Auckland
1010, New Zealand
GEEKS2U PTY LIMITED 125 370 434
GPML PTY LTD 003 344 312
HOUSEWORKS CO PTY LTD 009 403 374
HOWARD SMITH LIMITED 004 071 845
INSTANTCLINICS PTY LTD 651 904 479
INSTANTSCRIPTS PTY LTD 629 120 234
J BLACKWOOD & SON PTY LTD 000 010 300
KAS DIRECT SOURCING PRIVATE
LIMITED
1st Floor, Building No 10b, DLF Cyber City,
Phase - Ii, Gurgaon, Haryana, India
KAS GLOBAL TRADING PTY LIMITED 21st Floor, Edinburgh Tower, The Landmark,
15 Queen’s Road Central, Hong Kong
KAS INTERNATIONAL SOURCING
BANGLADESH PVT LTD
2ndFloor, Office Block-2, 79/A Commercial
Area, Airport Road, Nikunja-02, Khilkhet,
Dhaka-1229, Bangladesh
KAS INTERNATIONAL TRADING
(SHANGHAI) COMPANY LIMITED
Room 717, Building 1, Yes Commercial
Building, No 399 Kaixuan Road, Changning
District, Shanghai, China
KAS PTY LIMITED 21st Floor, Edinburgh Tower, The Landmark,
15 Queen’s Road Central, Hong Kong
KAS SERVICES INDIA PRIVATE LIMITED 5th Floor, Block Banyan (L1), Manyata
Embassy Business Park, Sez Bangalore,
Bangalore, Karnataka-Ka, India
KGA SOURCING (SINGAPORE) PTE
LIMITED
7 Straits View, #12-00 Marina One East
Tower, Singapore 018936
KIDMAN GOLD PTY LTD 621 573 019
KLEENHEAT PTY LTD 126 945 088
KMART AUSTRALIA LIMITED 004 700 485
KMART GROUP ASIA PTY LTD 004 242 693
KMART HOLDINGS PTY LTD 627 042 460
KMART NZ HOLDINGS LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower, 15 Customs Street West, Auckland
1010, New Zealand
KWINANA NITROGEN COMPANY
PROPRIETARY LIMITED
008 693 570
LAWVALE PTY LTD 007 120 603
LIFE'S TILES PTY LTD 106 721 000
LIFTCO PTY LIMITED 087 886 986
LMD2 PTY LTD 644 360 047
LOGGIA PTY LTD 009 197 273
M3K HOLDINGS PTY LTD 138 995 534
M3K SERVICES PTY LTD 138 995 721
MAKING LIFE EASY - MOBILITY AND
INDEPENDENT LIVING SUPERSTORE
PTY LTD
109 511 266
MANACOL PTY LIMITED 114 552 251
MEREDITH DISTRIBUTION (NSW) PTY
LTD
097 589 538
MEREDITH DISTRIBUTION PTY LTD 084 560 565
MH GOLD PTY LIMITED 608 814 204
MILLARS (WA) PTY LTD 008 734 683
MODWOOD TECHNOLOGIES PTY LTD 094 868 201
MONTAGUE RESOURCES AUSTRALIA
PTY LTD
097 875 619
MOONYOORA MINERALS PTY LTD 650 694 910
MUMGO PTY LTD 154 764 388
NEAT N' TRIM UNIFORMS PTY LTD 083 439 301
NEW PRICE RETAIL FINANCE PTY LTD 107 444 315
NEW PRICE RETAIL PTY LTD 082 268 362
NEW PRICE RETAIL SERVICES PTY LTD 100 732 750
NITRATES INVESTMENTS PTY LTD 664 249 512
NZ FINANCE HOLDINGS PTY LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower, 15 Customs Street West, Auckland
1010, New Zealand
OFFICEWORKS BUSINESSDIRECT PTY
LTD
061 239 807
OFFICEWORKS HOLDINGS PTY LTD 627 042 497
OFFICEWORKS LTD 004 763 526
OFFICEWORKS NZ LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower, 15 Customs Street West, Auckland
1010, New Zealand
OFFICEWORKS PROPERTY PTY LTD 157 713 114
ONE DATA PTY LTD 659 511 529
ONE DIGITAL PTY LTD 633 981 414
PAILOU PTY LTD 009 197 282
PATRICK OPERATIONS PTY LTD 000 163 128
PETERSEN BROS PTY LTD 009 679 903
PHARMA-PACK PTY LTD 000 655 550
PREMIER POWER SALES PTY LTD 065 618 019
PRICELINE (NZ) PTY LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower,
15 Customs Street West, Auckland 1010,
New Zealand
PRICELINE PROPRIETARY LIMITED 005 968 310
PROTECTOR ALSAFE PTY LTD 007 000 624
PSM HEALTHCARE LIMITED PricewaterhouseCoopers, Level 26 PwC
Tower,
15 Customs Street West, Auckland 1010,
New Zealand
PT BLACKWOODS INDONESIA Spazio Office Building, 7th Floor, Unit 725, Jl.
Mayjend Yono Soewoyo Kav. 3, Surabaya,
Indonesia
R & N PALMER PTY LTD 008 680 500
RELATIONSHIP SERVICES PTY LIMITED 062 806 893
RETAIL AUSTRALIA CONSORTIUM PTY
LTD
126 203 405
RETAIL INVESTMENTS PTY LTD 065 072 200
RJ BEAUMONT & CO PTY LTD 007 703 997
SCONES JAM N CREAM PTY LTD 158 256 510
SELLERS (SA) PTY LTD 007 733 539
SHARE NOMINEES LIMITED 008 906 689
SILK LASER & SKIN GROUP PTY LTD 623 481 710
SILK LASER & SKIN HOLDINGS PTY LTD 623 480 688
SILK LASER AUSTRALIA LIMITED 645 400 399
SILK LASER CLINIC ADELAIDE PTY LTD 154 801 279
SILK LASER CLINIC ELIZABETH PTY LTD 154 303 910
SILK LASER CLINIC GLENELG PTY LTD 602 594 525 Perks, 8/81 Flinders Street, Adelaide SA
5000
SILK LASER CLINIC HENLEY BEACH PTY
LTD
610 165 869
SILK LASER CLINIC HYDE PARK PTY LTD 137 764 259
SILK LASER CLINIC NOARLUNGA PTY
LTD
608 010 386
SILK LASER CLINIC NORWOOD PTY LTD 147 301 595
SILK LASER CLINIC TRUST Trust
SILK LASER CLINICS AUSTRALIA PTY
LTD
154 633 664
SILK LASER CLINICS PTY LTD 645 415 952
SILK LASER CORPORATE PTY LTD 611 954 155
SILK LASER FRANCHISE HOLDINGS PTY
LTD
615 681 500
SILK LASER FRANCHISING PTY LTD 612 759 001
SILK LASER TEA TREE PLAZA PTY LTD 628 610 864 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC BALDIVIS PTY LTD 629 450 942
SLC BELCONNEN PTY LTD 643 595 493 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC BOORAGOON PTY LTD 626 497 505
SLC BUNBURY PTY LTD 639 668 036 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC BUNDABERG PTY LTD 637 484 336
SLC BURLEIGH PTY LTD 644 187 459 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC BURNSIDE PTY LTD 626 338 592 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC CAROUSEL PTY LTD 626 496 357
SLC CASTLETOWN PTY LTD 656 222 605 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC CASUARINA PTY LTD 616 021 464 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC CHARLESTOWN PTY LTD 646 133 966 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC COCKBURN PTY LTD 262 497 274 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC DONCASTER PTY LTD 659 542 953 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC EASTLANDS PTY LTD 617 857 333 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC ELLENBROOK PTY LTD 628 815 761 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC FAIRFIELD PTY LTD 631 501 454 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC FIGTREE PTY LTD 662 964 776 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC HOBART PTY LTD 624 967 844 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC INNALOO PTY LTD 627 011 803
SLC IPSWICH PTY LTD 644 187 860 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC JOONDALUP PTY LTD 636 257 317 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC KARINGAL PTY LTD 658 135 294 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC KARRINYUP PTY LTD 637 055 577
SLC LEASING PTY LTD 154 075 439
SLC MACKAY PTY LTD 626 338 878 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC MANDURAH PTY LTD 617 137 238
SLC MARION PTY LTD 624 800 620 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC MAROOCHYDORE PTY LTD 624 254 360 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC MIDLAND GATE PTY LTD 626 496 768 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC MORAYFIELD PTY LTD 656 942 371
SLC MORLEY PTY LTD 645 779 657
SLC OCEAN KEYS PTY LTD 627 012 168
SLC PALMERSTON PTY LTD 619 475 660 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC PERTH PTY LTD 626 497 014
SLC ROCKHAMPTON PTY LTD 626 339 259 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC ROCKINGHAM PTY LTD 629 450 782 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC RUNDLE PTY LTD 669 127 931 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC SANDY BAY PTY LTD 662 784 876 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC SOUTHLAND PTY LTD 659 543 281 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC STRATHPINE PTY LTD 638 175 961 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC TOOWOOMBA PTY LTD 649 784 592 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC TOWNSVILLE PTY LTD 632 520 195 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC WAGGA PTY LTD 637 054 847 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC WARWICK PTY LTD 645 779 246
SLC WARRINGAH MALL PTY LTD 655 805 593 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC WEST LAKES PTY LTD 624 719 268 Perks, 8/81 Flinders Street, Adelaide SA
5000
SLC WHITFORD CITY PTY LTD 628 352 670
SLC WODEN PTY LTD 645 778 721
SOTICO PTY LTD 008 665 898
SOUL PATTINSON (MANUFACTURING)
PTY LTD
000 026 031
SYNAPSE FINANCE PTY LTD 107 444 299
TARGET AUSTRALIA PTY LTD 004 250 944
TARGET AUSTRALIA SOURCING
(SHANGHAI) CO LTD
16/F, One Prime Building, No. 1361 North
SiChuan Road, Honk Kou District, Shanghai,
PRC200080
TARGET AUSTRALIA SOURCING LIMITED 21st Floor, Edinburgh Tower, The Landmark,
15 Queen’s Road Central, Hong Kong
TARGET HOLDINGS PTY LTD 627 042 353
THE ADVANCED SKILLS ACADEMY PTY
LTD
606 388 738
THE BUILDERS WAREHOUSE GROUP
PTY LIMITED
057 998 740
THE COSMETIC CLINIC LTD Not Reg in Aust Deloitte, 80 Queen Street, Auckland Central,
Auckland, 1010, New Zealand
THE WESTRALIAN FARMERS LIMITED 603 875 878
THE WORKWEAR GROUP HK LIMITED 21st Floor, Edinburgh Tower, The Landmark,
15 Queen’s Road Central, Hong Kong
THE WORKWEAR GROUP HOLDING PTY
LTD
154 382 386
THE WORKWEAR GROUP PTY LTD 004 055 387
TILERS PLUS PTY LIMITED 050 294 169
TILEWERX PTY LIMITED 148 005 850
TINCORP HOLDINGS PTY LTD 615 408 930
TLL SILK PTY LTD 611 955 054
TYREMASTER (WHOLESALE) PTY LTD 000 781 037
UCONE PTY LTD 002 534 278
VALLEY INVESTMENTS PTY LTD 001 508 345
VENTURE IN ALTONA GATE PTY LTD 637 028 043
VENTURE IN BROADMEADOWS PTY LTD 637 890 147
VENTURE IN FERRY ROAD PTY LTD 637 028 187
VENTURE IN WOODGROVE PTY LTD 639 493 897
VIKING DIRECT PTY LIMITED 061 186 098
W4K.WORLD 4 KIDS PTY LTD 006 352 549
WESFARMERS AGRIBUSINESS LIMITED 008 747 126
WESFARMERS BENGALLA
MANAGEMENT PTY LTD
609 418 680
WESFARMERS BENGALLA PTY LTD 008 744 278
WESFARMERS BUNNINGS LIMITED 008 673 363
WESFARMERS CHEMICAL US HOLDINGS
CORP
Corporation Service Company, 2711
Centerville Road, Suite 400, Wilmington,
Delaware County of New Castle, FO, 19808,
United States
WESFARMERS CHEMICALS, ENERGY &
FERTILISERS LIMITED
008 797 402
WESFARMERS COAL RESOURCES PTY
LTD
009 030 139
WESFARMERS DEPARTMENT STORES
HOLDINGS PTY LTD
627 042 308
WESFARMERS EMERGING VENTURES
PTY LTD
105 421 396
WESFARMERS ENERGY (GAS SALES)
PTY LTD
058 451 997
WESFARMERS ENERGY (INDUSTRIAL
GAS) PTY LTD
102 943 626
WESFARMERS FERTILIZERS PTY LTD 008 741 160
WESFARMERS GAS LIMITED 008 795 471
WESFARMERS HOLDINGS PTY LTD 094 800 665
WESFARMERS INDUSTRIAL & SAFETY
HOLDINGS NZ LIMITED
PricewaterhouseCoopers, Level 26 PwC
Tower, 15 Customs Street West, Auckland
1010, New Zealand
WESFARMERS INDUSTRIAL & SAFETY
NZ LIMITED
PricewaterhouseCoopers, Level 26 PwC
Tower, 15 Customs Street West, Auckland
1010, New Zealand
WESFARMERS INDUSTRIAL AND SAFETY
PTY LTD
137 253 528
WESFARMERS INSURANCE
INVESTMENTS PTY LTD
105 168 876
WESFARMERS INTERNATIONAL
HOLDINGS PTY LTD
006 233 736
WESFARMERS INVESTMENTS PTY LTD 078 120 877
WESFARMERS KLEENHEAT GAS PTY
LTD
008 679 543
WESFARMERS LITHIUM PTY LTD 633 472 803
WESFARMERS LNG PTY LTD 096 080 205
WESFARMERS LOYALTY MANAGEMENT
PTY LTD
149 183 308
WESFARMERS LPG PTY LTD 009 214 831
WESFARMERS NEW ENERGY HOLDINGS
PTY LTD
633 472 769
WESFARMERS OIL & GAS PTY LTD 606 554 885
WESFARMERS ONE PASS PTY LTD 650 854 845
WESFARMERS ONLINE RETAIL
HOLDINGS PTY LTD
633 981 414
WESFARMERS PROVIDENT FUND PTY
LTD
008 679 329
WESFARMERS RESOURCES PTY LTD 096 857 126
WESFARMERS RETAIL HOLDINGS PTY
LTD
126 199 022
WESFARMERS RETAIL PTY LTD 097 092 085
WESFARMERS RISK MANAGEMENT
(SINGAPORE) PTE LTD
8 Marina View, #09-05, Asia Square Tower
One, Singapore 018960
WESFARMERS SECURITIES
MANAGEMENT PTY LTD
095 800 212
WESFARMERS SUPERANNUATION PTY
LTD
050 218 972
WESFARMERS TCS INVESTMENTS PTY
LTD
662 330 869
WESFARMERS TRANSPORT LIMITED 008 670 077
WESKEM PTY LTD 009 207 470
WESTRALIAN FARMERS
SUPERPHOSPHATES LIMITED
008 667 847
WEV CAPITAL INVESTMENTS PTY LTD 166 442 762
WFCL INVESTMENTS PTY LTD 009 287 245
WFM INVESTMENTS PTY LTD 651 355 501
WIS INTERNATIONAL PTY LTD 147 115 704
WIS SOLUTIONS PTY LTD 128 762 185
WIS SUPPLY CHAIN MANAGEMENT
(SHANGHAI) CO LTD
14A, Shinmay Union Plaza, 999 Pudong
South Road, Shanghai 200120, China
WPEQ PTY LTD 088 942 269
WPP HOLDINGS PTY LTD 126 203 512
YAKKA PTY LIMITED 004 251 852

ANNEXURE B

This is Annexure B of 4 pages marked Annexure B mentioned in the accompanying Form 604 (Notice of Change of Interests) signed by me and dated 16/02/2024:

==> picture [165 x 29] intentionally omitted <==


Name: Mark Scatena

Title: Managing Director

BWP Management Limited (ACN 082 856 424) as responsible entity for the BWP Trust (ARSN 088 851 097)

����������������������������������������������������������

Newmark Property Group Pty Ltd (ACN 152 310 980) on behalf of the Newmark Group Level 17, 644 Chapel Street, South Yarra VIC 3141

24 January 2024

By email

BWP Management Limited (ACN 082 856 424) as responsible entity of the BWP Trust ARSN 088 581 097 Level 14, Brookfield Place Tower 2, 123 St Georges Terrace, Perth WA 6000

Attention:

Dear Mark

Pre-bid acceptance deed

The Newmark Group Members[1] ( us or we ) agree to accept (or procure the acceptance of) offers to be made under a takeover bid by BWP Management Limited (ACN 082 856 424) as responsible entity of the BWP Trust ARSN 088 581 097 ( BWPM ) in relation to all of the issued capital of Newmark Property REIT, comprising Newmark Hardware Trust ARSN 161 274 111 and Newmark Capital (Chadstone) Property Trust ARSN 648 280 219 (ASX: NPR) ( NPR ) for 32,624,494 fully paid Securities[2] held by us or a nominee or custodian appointed by us as at the date of this deed (referred to as our NPR Securities ) (the Offers ), on the terms set out in this deed.

Conditions for acceptance

  • 1 BWPM may only require us to accept its Offers:

  • a. if BWPM releases a public announcement to ASX Limited (ASX) by 7.00pm (Sydney time) on or before 24 January 2024 stating that it intends to proceed with a takeover bid for all the ordinary stapled securities in NPR by way of a scrip offer at not less than 0.4 BWP securities[3] per ordinary security in NPR (the Bid );

1 Newmark Property Group Pty Ltd (ACN 152 310 980), Haya Capital Pty Ltd (ACN 614 477 119), Ronnie Capital Pty Ltd (ACN 613 192 046), Newmark Capital Investments Pty Ltd (ACN 622 917 435), Robo Capital Pty Ltd (ACN 129 390 389) as trustee for the Robo Capital Investment Trust ABN 75 743 054 887, MCTF Pty Ltd (ACN 129 726 307) as trustee for the MC Trust, 39 Investments Pty Ltd (ACN 613 143 641) as trustee for the 39 Investments Trust, Ian Roberts of Level 17, 644 Chapel Street, South Yarra VIC 3141, Newmark Capital Limited (ACN 126 256 690), Spyglass Holdings Pty Ltd (ACN 116 979 901) as trustee for The Langford Family Trust, Cathma Investments Pty Ltd (ACN 133 902 146) as trustee for Super Safari Fund, Rubycon Pty Ltd (ACN 060 560 205) as trustee for Morshine Super Fund, Morshine Holdings Pty Ltd (ACN 622 142 269) as trustee for Morshine Holdings and Newmark REIT Management Limited (ACN 644 715 382), each a Newmark Group Member .

2 Refers to fully paid stapled ordinary security in the capital of NPR and includes any ordinary stapled securities issued after the date of this document as a consequence of any options, performance rights and other convertible instruments on issue.

3 Refers to fully paid ordinary security in the capital of BWP Trust ARSN 088 581 097.

3474-6668-4970v1

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  • b. if BWPM makes the Offers, within two months after the date of this deed;

  • c. once and only in respect of all of our NPR Securities; and

  • d. only if we have not already accepted BWPM’s Offers in relation to all of our NPR Securities.

Timing of acceptance

  • 2 Subject to satisfying the requirements set out in paragraph 1, BWPM may require us, by giving notice in writing (at any time prior to 3 business days before the end of the period the Offers by BWPM remain open for acceptance (the Offer Period )), to accept its Offer in respect of all our NPR Securities.

  • 3 We must deliver a duly completed acceptance form for all our NPR Securities to BWPM (or as it directs) by 5.00pm (Perth time) on the business day following receipt of such notice and to do anything else required (including directing any nominee or custodian in relation to our NPR Securities) to accept BWP’s Offers in accordance with the ASX Settlement Operating Rules in respect of all our NPR Securities.

Termination

  • 4 This deed will terminate and the obligations in paragraphs 1, 2, 3, 6 and 8 cease to be enforceable if:

  • a. the Bid has not been announced by 24 January 2024;

  • b. offers under the Bid are not made within two months of the date of this deed;

  • c. BWPM withdraws any offer made under the Bid or applies to ASIC to withdraw any offer made under the Bid or withdraws an offer in accordance with section 652A of the Corporations Act 2001 (Cth);

  • d. any offer made under the Bid lapses; or

  • e. the Offers are no longer capable of acceptance.

No termination if unmatched alternative offer

  • 5 This deed does not terminate and our obligations in this deed are not affected if another takeover bid or scheme of arrangement for the ordinary securities in NPR is proposed, made or announced by a third party during the Offer Period irrespective of the amount of consideration per NPR security offered by that third party, including but not limited to circumstances where the implied price per NPR security is higher than that under the Bid by BWPM.

Other conduct

  • 6 For so long as this deed remains in force:

  • a. we must not dispose of, agree to or offer to dispose of or encumber any of our NPR Securities (or any interest in them), except pursuant to an acceptance of BWP’s Offers or by transferring our NPR Securities to another Newmark Group Member;

  • b. we will not, without the prior written consent of BWPM, requisition or join in the requisition of any general or class meeting of NPR;

  • c. we will not take any action or make any statement which is or may be prejudicial to the success of the Bid; and

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  • d. we will exercise or procure the exercise of the voting rights attached to our NPR Securities as instructed by BWPM on any resolution at a general or class meeting of BWPM.

  • 7 Once we accept the Offers (whether pursuant to paragraph 2 or otherwise) and so long as this deed remains in force, we must not withdraw our acceptance (and to procure that any Newmark Group Member or other person holding our NPR Securities on our behalf does not withdraw their acceptance), even if we may be permitted to do so by law or under the terms of the Bid.

Appointment of attorney

  • 8 In order to secure the performance of our obligations under this deed, we irrevocably appoint any director for the time being of BWPM to be our attorney in our name and on our behalf to execute any acceptance forms and to do such other acts and things as may be necessary to accept (or procure the acceptance of) the takeover bid in respect of our NPR Shares. However, this appointment only takes effect if we fail to comply with our obligations under this deed to accept the Offers.

Confidentiality

  • 9 Subject to paragraph 10, we must keep this deed and the fact of discussions between us confidential until BWPM has given a substantial holding notice in respect of the relevant interest which BWPM acquires as a result of this deed or until BWPM has otherwise announced the terms of this deed to ASX.

  • 10 We may make any disclosures in relation to this deed if we determine that it is necessary to do so in order to comply with any applicable law or requirement of a government agency or regulatory body.

Warranty and undertaking

  • 11 We warrant that we (and each Newmark Group Member) are the legal and beneficial owner of the NPR Securities held by us or by the relevant Newmark Group Member at the date of this deed with full power and authority to enter into and complete this deed without the consent of any other person.

We undertake to procure that at completion of the transactions contemplated by the takeover bid, the NPR Securities held by us will be free of encumbrances.

General

  • 12 Any date, time or period referred to in this deed is to be treated as being of the essence except to the extent to which we and BWPM agree to vary any date, time or period, in which event the varied date, time or period is to be of the essence.

  • 13 In this deed, a business day means a day that is not a Saturday, Sunday or a public holiday in Melbourne, Victoria.

  • 14 We acknowledge that damages would not be an adequate remedy for breach of the undertakings in this deed.

  • 15 Any term defined in the Corporations Act 2001 (Cth) has the same meaning in this deed.

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==> picture [302 x 53] intentionally omitted <==

  • ���������� 24 January 2024

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  • 16 If any provision of this deed is void, illegal or unenforceable, it may be severed without affecting the enforceability of the other provisions in this deed.

  • 17 This deed is governed by the laws of Victoria. This document is executed as a deed.

  • 18 Please indicate your acceptance of these terms by executing the enclosed copy of this deed where indicated below and returning it to us.

Yours faithfully

Newmark Property Group Pty Ltd (ACN 152 310 980) on behalf of the Newmark Group

___ ___ Director Director/Secretary

Agreed on 24 January 2024

Yours faithfully

BWP Management Limited (ACN 082 856 424) as responsible entity of the BWP Trust ARSN 088 581 097

==> picture [320 x 43] intentionally omitted <==

Director Director/Secretary BWP Management Limited (ACN 082 856 424) as responsible entity of the BWP Trust ARSN 088 581 097

3474-6668-4970v1

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