CENTURIA CAPITAL GROUP — Capital/Financing Update 2020

Oct 22, 2020

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

Successful completion of institutional placement and institutional entitlement offer

SYDNEY (Friday, 23 October 2020) – Centuria Capital Group ( Centuria or CNI ) is pleased to announce the successful completion of the following components of the underwritten equity raising to raise approximately $100.0 million ( Equity Raising ) announced on 22 October 2020:

• The institutional placement which raised approximately $39.5 million ( Placement ); and

• • The institutional component of the 1 for 15 accelerated non-renounceable entitlement offer which raised approximately $52.1 million ( Institutional Entitlement Offer ).

The retail component of the entitlement offer ( Retail Entitlement Offer ) will open on 29 October 2020 and is expected to raise approximately $28.4 million.

INCREASE TO INSTITUTIONAL PLACEMENT

Due to strong demand from new and existing institutional investors, the Placement was oversubscribed. The Board has determined to accept the oversubscriptions increasing the Placement from $19.5 million to $39.5 million and increasing the total Equity Raising from $100.0 million to $120.0 million. The additional proceeds from the Placement will be used to support the continued growth of Centuria's unlisted and listed businesses.

Centuria confirms that, pursuant to Listing Rule 7.1, the Placement is within its existing placement capacity and does not require securityholder approval.

INSTITUTIONAL ENTITLEMENT OFFER

The Institutional Entitlement Offer was well supported by existing securityholders with approximately 99% take-up by eligible institutional securityholders. The shortfall under the Institutional Entitlement Offer also attracted strong demand from both existing and new securityholders. Approximately 22.9 million securities will be issued under the Institutional Entitlement Offer at the issue price of $2.25 per security.

Settlement of securities issued under the Placement and the Institutional Entitlement Offer will occur on Tuesday, 3 November 2020, with allotment and normal trading resuming on Wednesday, 4 November 2020. Securities issued under the Placement and Institutional Entitlement Offer will rank equally with existing Centuria securities from the date of issue.

RETAIL ENTITLEMENT OFFER

The Retail Entitlement Offer will open on 29 October 2020 and close at 5:00pm (Sydney time) on 10 November 2020. Eligible retail securityholders who hold securities in Centuria as at 7:00pm (Sydney time) on the record date of 26 October 2020 and have a registered address in Australia or New Zealand ( Eligible Retail Securityholders ) will be invited to participate in the Retail Entitlement Offer at the issue price of $2.25 per security.

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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Further details on the Retail Entitlement Offer will be provided in the retail offer booklet which will be mailed to Eligible Retail Securityholders.

FINANCIAL IMPACT

Including the impact of the additional proceeds from the Placement, Centuria announces the following guidance upgrade:

• FY21 operating earnings per security guidance increased to 11.5 –12.5 cents per security

• FY21 DPS guidance increased to 9.0 cents per security

The New Securities will settle on Tuesday, 3 November 2020, with allotment and normal trading to occur on Wednesday, 4 November 2020.

RESUMPTION OF TRADING

Centuria securities are expected to resume trading on the ASX from market open today (Friday, 23 October 2020).

Authorised for release by Anna Kovarik, Company Secretary.

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

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.

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

Level 41, Chifley Tower 2 Chifley Square, Sydney NSW 2000

T: 02 8923 8923 E: sydney@centuria.com.au F: 02 9460 2960 www.centuria.com.au

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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