CENTURIA CAPITAL GROUP — Capital/Financing Update 2020

Nov 12, 2020

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Not for release to US wire services or distribution in the United States

Successful completion of retail entitlement offer

SYDNEY (Friday, 13 November 2020) – Centuria Capital Group ( Centuria or CNI ) is pleased to announce the successful completion of the underwritten equity raising to raise approximately $120.0 million ( Equity Raising ) announced on 22 October 2020:

COMPLETION OF RETAIL ENTITLEMENT OFFER

The retail component of the entitlement offer ( Retail Entitlement Offer ) closed on Tuesday, 10 November 2020 raising approximately $28.4 million. This follows the successful completion of the institutional placement which raised $39.5 million and the institutional component of the entitlement offer which raised approximately $52.1 million, providing a total Equity Raising of $120.0 million.

CNI received valid applications from eligible retail securityholders under the Retail Entitlement Offer ( Eligible Retail Securityholders ) for approximately 5.5 million securities ( New Securities ). An estimated 7.1 million New Securities not taken up under the Retail Entitlement Offer was allocated to sub-underwriters of the Retail Entitlement Offer.

Under the Retail Entitlement Offer, Eligible Retail Securityholders were able to apply for their entitlement as well as for additional New Securities up to a maximum of 100% of their entitlement ( Additional Securities ). The Retail Entitlement Offer was well supported by existing retail securityholders who took up approximately $12.3 million, representing a participation rate of approximately 44% (including applications for Additional Securities and applications by retail securityholders who applied early and were allotted New Securities on the same day as securities allotted under the institutional placement and the institutional component of the entitlement offer). The remaining $16.1 million was allocated to various institutional investors who sub-underwrote the Retail Entitlement Offer.

Application monies received for Additional Securities above 100% of an Eligible Retail Securityholder's entitlement will not be accepted. Application monies received in respect of Additional Securities that are not allocated will be refunded.

Final settlement of the Retail Entitlement Offer will take place on Monday 16 November 2020. Allotment of New Securities issued under the Retail Entitlement Offer will occur on Tuesday 17 November 2020, with trading to commence on the ASX on a normal settlement basis on Wednesday 18 November 2020. Holding statements will be despatched on Thursday 19 November 2020.

Centuria Capital Group Consisting of: Centuria Capital Limited ABN 22 095 454 336 Centuria Capital Fund ARSN 613 856 358

Level 41, Chifley Tower T: 02 8923 8923 E: sydney@centuria.com.au 2 Chifley Square, Sydney NSW 2000 F: 02 9460 2960 www.centuria.com.au

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For more information or to arrange an interview, please contact:

John McBain Tim Mitchell Alexandra Koolman Joint CEO Group Head of Investor Relations Corporate Communications Centuria Capital Limited Centuria Capital Limited Centuria Capital Limited Phone: 02 8923 8910 Phone: 02 8923 8923 Phone: 02 8923 8923 Email:john.mcbain@centuria.com.au Email:tim.mitchell@centuria.com.au Email:Alexandra.koolman@centuria.com.au

Authorised for release by Anna Kovarik, Company Secretary.

About Centuria Capital Group

Centuria Capital Group (CNI) is an ASX-listed specialist investment manager with $9.7 billion of assets under management. We offer a range of investment opportunities including listed and unlisted real estate funds as well as tax-effective investment bonds. Our drive, allied with our in-depth knowledge of these sectors and intimate understanding of our clients, allows us to transform opportunities into rewarding investments.

www.centuria.com.au

Disclaimer

This announcement contains selected summary information and does not purport to be all-inclusive, comprehensive or to contain all of the information that may be relevant, or which a prospective investor may require in evaluations for a possible investment in CNI. It should be read in conjunction with CNI's periodic and continuous disclosure announcements which are available at http://www.centuria.com.au/

This announcement is provided for general information purposes only. It should not be relied upon by the recipient in considering the merits of CNI or the acquisition of securities in CNI.

Before making an investment decision, the recipient should consider its own financial situation, objectives and needs, and conduct its own independent investigation and assessment of the contents of this announcement, including obtaining investment, legal, tax, accounting and such other advice as necessary or appropriate.

This announcement may contain forward-looking statements, guidance, forecasts, estimates, prospects, projections or statements in relation to future matters ('Forward Statements'). No independent third party has reviewed the reasonableness of any such statements or assumptions. No member of CNI represents or warrants that such Forward Statements will be achieved or will prove to be correct or gives any warranty, express or implied, as to the accuracy, completeness, likelihood of achievement or reasonableness of any Forward Statement contained in this announcement.

Not an offer in the United States

This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been registered under the US Securities Act of 1933 and may not be offered or sold in the United States or to US Persons (as defined in Rule 902(k) under the US Securities Act) except in transactions registered under the US Securities Act or exempt from, or not subject to, the registration of the US Securities Act and applicable US state securities laws.

Centuria Capital Group Consisting of: Centuria Capital Limited ABN 22 095 454 336 Centuria Capital Fund ARSN 613 856 358

Level 41, Chifley Tower T: 02 8923 8923 E: sydney@centuria.com.au 2 Chifley Square, Sydney NSW 2000 F: 02 9460 2960 www.centuria.com.au