CENTURIA OFFICE REIT — Capital/Financing Update 2015

Apr 28, 2015

Notice reference number: 0405.15.04

	What’s this about? Effective date: 29/04/2015
	 ASX Trade ASX 24  Trading Clearing Settlement Operations Technology Market Data Rules  Compliance Risk  Other

Title

Centuria Metropolitan REIT – Accelerated Non-Renounceable Entitlement Offer

Description

On 29 April 2015 Centuria Metropolitan REIT (ASX Code: CMA) (Group) announced a 2 for 3 accelerated nonrenounceable pro-rata entitlement offer of new stapled securities at an offer price of $2.10 per new stapled security to raise approximately A$100 million (Entitlement Offer).

The Entitlement Offer has the following two components.

• An institutional entitlement offer, where offers have been made to qualifying institutional securityholders for them to apply for their pro-rata entitlement (Institutional Entitlement Offer).

• A retail entitlement offer, where offers will be made to qualifying retail securityholders for them to apply for their pro-rata entitlement (Retail Entitlement Offer).

New stapled securities issued under the Entitlement Offer will rank equally with existing stapled securities on issue.

The anticipated timetable in relation to the Entitlement Offer is set out below.

Event	Date
Institutional Entitlement Offer and Bookbuild opens	10.00am, Wednesday, 29 April 2015
Institutional Entitlement Offer and Bookbuild closes	5.00pm, Wednesday, 29 April 2015
Trading of stapled securities recommences on an ‘ex entitlement’ basis	Thursday, 30 April 2015
Record date for Entitlement Offer	7:00pm AEST, Monday, 4 May 2015
Retail Entitlement Offer opens Retail Entitlement Offer booklet despatched	Thursday, 7 May 2015
Last day for receipt of Early Retail Entitlement Offer applications	Wednesday, 13 May 2015
Settlement of Institutional Entitlement Offer and Early Retail Entitlement Offer	Thursday, 14 May 2015
Issue of new stapled securities under the Institutional Entitlement Offer and Early Retail Entitlement Offer Trading commences in new stapled securities issued under the Institutional Entitlement Offer and Early Retail Entitlement Offer	Friday, 15 May 2015

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(continued)

ASX Notice Notice

Retail Entitlement Offer closes	5.00pm, Thursday, 21 May 2015
Issue of new stapled securities under the Retail Entitlement Offer	Friday, 29 May 2015
Trading commences in new stapled securities issued under the Retail Entitlement Offer	Monday, 1 June 2015

Settlement issues

Despite the fact that securities are trading ‘ex entitlement’ on ASX Trade, CHESS will not recognise for settlement purposes the ‘ex entitlement’ or the ‘cum entitlement’ tag on CHESS messages and CHESS will not maintain cum balances during the deemed ‘CHESS ex-period’, i.e. the period commencing on the deemed CHESS ex-date up to and including the record date. However, a record date cum balance will be available the business day following the record date, which will be equal to the registered holding balance at CHESS end of day on the record date. As a result any transfer that occurs prior to record date will be effectively transferred on a ‘cum entitlement’ basis.

Therefore, Participants must ensure that any transfer, including the priming of Broker Entrepot Accounts, is conducted in accordance with the basis of quote. For example, a transfer in relation to a transaction conducted on an ‘ex entitlement’ basis should ordinarily only occur post record date.

CHESS will perform automatic diary adjustments to ‘cum entitlement’ settlement obligations outstanding as at the record date.

Trading issues

ASX will not price a ‘cum entitlement’ market with respect to trading in the Group’s securities. Persons who acquire the Group’s securities after the commencement of the trading halt on Wednesday, 29 April 2015 are not entitled to participate in the Entitlement Offer.

What do I need to do and by when?

For further details, please refer to the Group’s announcements on Wednesday, 29 April 2015.

Need more information?

Please refer to the Group’s announcements on Wednesday, 29 April 2015.

Issued by Stephanie Yong Contact Details (02) 9227 0602

Disclaimer

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