CARINDALE PROPERTY TRUST — Earnings Release 2017

Aug 23, 2017

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ASX Announcement

24 August 2017

CARINDALE PROPERTY TRUST REPORTS FULL YEAR RESULT WITH FUNDS FROM OPERATIONS OF $28.1 MILLION UP 2.5%

Carindale Property Trust (ASX: CDP) today announced its full year results to 30 June 2017 with Funds From Operations (“FFO”) of $28.1 million, an increase of 2.5% on the previous corresponding period. Profit for the full year was $44.3 million.

As at 30 June 2017, the centre was 99% leased with total retail sales of $905.0 million for the 12 months including specialty retail sales of $11,311 per square metre.

The centre was valued as of 30 June 2017 at $1,617.6 million (CDP share $808.8 million). The current year revaluation increment was $12.1 million.

The distribution for the year is $28.1 million or 40.20 cents per unit. The final distribution of 20.10 cents per unit is payable to members on 31 August 2017.

As of 30 June 2017, the net tangible assets of the Trust were $8.16 per unit.

We are now planning for the next phase of Carindale’s evolution which will improve the retail mix incorporating new retailers, casual dining and experiences. Forecast FFO and distribution for the year ending 30 June 2018 is expected to increase by approximately 1%.

Contacts:

Company Secretary Maureen McGrath +61 2 9358 7439

Investor Relations Corporate Affairs / Media Andrew Clarke Julia Clarke +61 2 9358 7612 +61 2 9358 7426

The financial information included in this release is based on the Trust’s IFRS financial statements. Non IFRS financial information has not been audited or reviewed. This release contains forward looking statements, including statements regarding future earnings that are based on information and assumptions available to us as of the date of this presentation. Actual results, performance or achievements could be significantly different from those expressed in, or implied by, these forward looking statements. These forward looking statements are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results to differ materially from those expressed in the statements contained in this release. You should not place undue reliance on these forward looking statements. Except as required by law or regulation (including the ASX Listing Rules) we undertake no obligation to update these forward looking statements.

SCENTRE MANAGEMENT LIMITED ABN 41 001 670 579 AFS Licence No: 230329 as responsible entity of Carindale Property Trust ABN 29 192 934 520 ARSN 093 261 744

Level 30, 85 Castlereagh Street, Sydney NSW 2000 Australia · GPO Box 4004 Sydney NSW 2001 Australia · T +61 2 9358 7000 www.carindalepropertytrust.com.au

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