CENTURIA CAPITAL GROUP — Major Shareholding Notification 2017

Jan 12, 2017

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company name/Scheme A.C.N. or A.R.S.N.

Centuria Capital Group (CNI), consisting of Centuria Capital Limited ABN 22 095 454 336 and Centuria Funds Management Limited ACN 607 153 588 as responsible entity of the Centuria Capital Fund ARSN 613 856 358 Centuria Capital Limited - ABN 22 095 454 336 Centuria Funds Management Limited - ACN 607 153 588 Centuria Capital Fund ARSN - 613 856 358

1. Details of substantial holder (1)

Name John McBain and Resolute Funds Management Pty Ltd ACN/ARSN (if applicable) 083 445 345

The holder ceased to be a substantial holder on 6 January 2017 The previous notice was given to the company on 19 June 2008 The previous notice was dated 17 June 2008

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 ofchange	Person whoserelevant interestchanged	Nature ofchange (4)	Considerationgiven in relationto change(5)	Class (6) andnumber ofsecuritiesaffected	Person's votesaffected
N/A

Note: The substantial holder did not dispose of any securities, but by reason of the dilutionary effect of the recent capital raising conducted by Centuria Capital Group is no longer a substantial holder, now having an interest in less than 5% of the securities on issue.

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name andACN/ARSN(ifapplicable)	Nature ofassociation
N/A

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

Name	Address
John McBain	167 Mangrove Creek Road, Greengrove NSW 2250
Resolute Funds Management Pty Limited ACN083 445 345	PO Box 6050 North Sydney 2060

1

Doc ID 394167363/v1

Signature

print name James Lonie capacity Company Secretary sign here date 12 /01 /2017

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 4 of the form.

• (2) See the definition of "relevant interest" in section 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) 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.

• (5) 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.

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

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

2

Doc ID 394167363/v1