CENTURIA INDUSTRIAL REIT — M&A Activity 2015

Oct 25, 2015

ASX Release | Media Release 360 Capital Industrial Fund

==> picture [127 x 88] intentionally omitted <==

26 October 2015

Letter to ANI Unitholders –TIX to Proceed With Compulsory Acquisition of ANI

360 Capital Investment Management Limited (360 Capital) as responsible entity for the 360 Capital Industrial Fund (Bidder) refers to the off-market takeover bid (TIX Offer) which it has made for all the units in Australian Industrial REIT (ANI) and encloses the following letter to be mailed to ANI Unitholders.

More information on the TIX Offer can be found on the ASX’s website at www.asx.com.au using the Fund’s ASX code “TIX”, on the Fund’s website www.360capital.com.au, or by calling the TIX Offer Information Line on 1800 247 697 (callers in Australia) or +61 2 8024 1189 (callers outside Australia) between 8.30am and 5.30pm (Sydney time) on Business Days.

Tony Pitt	Ben James
Managing Director	Chief Investment Officer
360 Capital Group	360 Capital Group
+61 2 8405 8865	+61 2 8405 8871

About 360 Capital Industrial Fund (ASX code TIX)

360 Capital Industrial Fund is an ASX-listed Fund focused on passive rent collecting from warehouse and logistics properties in Australia in the $10.0 million plus range. The Fund has strong, defensive, income-focused investment fundamentals via a diversified $544 million portfolio of 22 quality assets, a weighted average lease expiry of 5.3 years, occupancy of 99.7% and a forecast FY16 distribution of 21.5cpu. The Fund is externally managed by 360 Capital Group, a leading ASX-listed real estate investor and fund manager that operates under a transparent fee structure and is the largest unitholder in the Fund to ensure ongoing alignment of interests with Unitholders.

About 360 Capital Group (ASX code TGP)

360 Capital Group is an ASX-listed, property investment and funds management group concentrating on strategic investment and active investment management of property assets. The company actively invests in direct property assets, property securities and various corporate real estate acquisitions within Australian real estate markets on a private equity basis. 360 Capital Group’s 18 full time staff have significant property, funds and investment management experience. 360 Capital Group manages nine investment vehicles holding assets valued at over $1.2 billion on behalf of over 10,500 investors and has over $200 million worth of co-investments across the 360 Capital Group.

Level 8, 56 Pitt Street Sydney NSW 2000 | T +61 2 8405 8860 | Fax +61 2 9238 0354 | E investor.relations@360capital.com.au | W www.360capital.com.au 360 Capital Investment Management Limited ABN 38 133 363 185 AFSL 340 304 as responsible entity of the 360 Capital Industrial Fund ARSN 099 680 252

26 October 2015

==> picture [95 x 66] intentionally omitted <==

Dear Fellow ANI Unitholder,

Compulsory acquisition of your ANI units

We refer to the off-market takeover bid ( TIX Offer ) made by 360 Capital Investment Management Limited as responsible entity for 360 Capital Industrial Fund ( Bidder or TIX ) for all the units in Australian Industrial REIT ( ANI ).

As TIX now has relevant interests in more than 90% of the ANI units on issue, TIX will, in accordance with the Corporations Act 2001 (Cth) ( Act ), proceed to compulsorily acquire any ANI units which have not been accepted into the TIX Offer.

According to our records, you have not validly accepted the TIX Offer and your ANI units will therefore be compulsorily acquired in accordance with the procedure under the Act.

This letter and the enclosed compulsory acquisition notice ( Notice ) sets out the compulsory acquisition procedure and explains your rights. You should read carefully the enclosed Notice.

As explained in the Notice, the compulsory acquisition will be on the same terms as under the TIX Offer which means that you will receive, subject to the terms of the TIX Offer, 0.90 TIX units and $0.245 cash per ANI unit.

You do not need to sign or return the Notice. On completion of the compulsory acquisition procedure, ANI’s responsible entity will send to ANI unitholders who have had their ANI units compulsorily acquired an explanation of the procedure for claiming the consideration for that acquisition. Subject to the Act, completion of the procedure is expected to occur around 5 to 6 weeks after the date of this letter.

If you have any questions about this letter or the compulsory acquisition procedure, you may call the TIX Offer Information Line on 1800 247 697 (callers in Australia) or +61 2 8024 1189 (callers outside Australia) between 8.30am and 5.30pm (Sydney time) on Business Days.

Further details can be found on the ASX website at www.asx.com.au using the ASX code “TIX” and at www.360capital.com.au

Yours sincerely,

==> picture [87 x 40] intentionally omitted <==

David van Aanholt

Independent Chairman

360 Capital Investment Management Limited as responsible entity for the 360 Capital Industrial Fund

Level 8, 56 Pitt Street Sydney NSW 2000 | T +61 2 8405 8860 | Fax +61 2 9238 0354 | E investor.relations@360capital.com.au | W www.360capital.com.au 360 Capital Investment Management Limited ABN 38 133 363 185 AFSL 340 304 as responsible entity of the 360 Capital Industrial Fund ARSN 099 680 252

==> picture [124 x 40] intentionally omitted <==

==> picture [43 x 9] intentionally omitted <==

==> picture [46 x 7] intentionally omitted <==

==> picture [546 x 466] intentionally omitted <==

==> picture [550 x 680] intentionally omitted <==

==> picture [50 x 8] intentionally omitted <==

==> picture [42 x 7] intentionally omitted <==

==> picture [36 x 9] intentionally omitted <==