CENTURIA OFFICE REIT — Capital/Financing Update 2018

Oct 31, 2018

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Australian Securities Exchange – Company Announcements Platform

Centuria Property Funds Limited CENTURIA METROPOLITAN REIT

Successful completion of entitlement offer

Sydney, 1 November 2018:

Centuria Property Funds Limited ( CPFL ), as Responsible Entity of Centuria Metropolitan REIT (ASX: CMA ), is pleased to announce the successful completion of the accelerated nonrenounceable entitlement offer ( Entitlement Offer ) announced on 10 October 2018.

The retail component of the Entitlement Offer ( Retail Entitlement Offer ) closed on 29 October 2018 raising approximately $97 million. This follows the successful completion of the institutional placement which raised $79 million and the institutional component of the Entitlement Offer which raised approximately $100m, providing a total equity raising of $276 million ( Equity Raising ).

Under the Retail Entitlement Offer, eligible retail securityholders were able to apply for their entitlement as well as additional new securities beyond their entitlement up to a maximum of 50% of their entitlement ( Additional Securities ). Existing retail securityholders took up approximately $14.7 million (including applications for Additional Securities and applications by retail securityholders who applied early and were allotted new securities on the same day as securities were allotted under the institutional component of the Entitlement Offer), with the remainder allocated to various institutional investors who sub-underwrote the Retail Entitlement Offer.

Application monies received for Additional Securities above 50% 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 2 November 2018. Allotment of new securities issued under the Retail Entitlement Offer will occur on 5 November 2018 with trading to commence on the ASX on a normal settlement basis on 6 November 2018. Holding statements will be despatched on 6 November 2018.

The Equity Raising was underwritten[1] by Moelis Australia and UBS AG, Australia Branch. Shaw & Partners acted as Co-lead Manager on the Equity Raising and HWL Ebsworth is Legal Advisor to CPFL.

– Ends –

1 The Equity Raising was underwritten other than in respect of the commitments received from certain Centuria entities with respect to the Equity Raising

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

Doug Hoskins

Tim Mitchell

Acting Fund Manager – CMA Group Head of Investor Relations

Centuria Metropolitan REIT Centuria Capital Group Phone: 02 8923 8923 Phone: 02 8923 8923 Email: doug.hoskins@centuria.com.au Email: tim.mitchell@centuria.com.au

About Centuria Property Funds Limited

Centuria Property Funds Limited (CPFL), a wholly-owned subsidiary of Centuria Capital Group (CNI), is the Responsible Entity for the ASX listed Centuria Metropolitan REIT (CMA).

CMA is Australia’s largest ASX listed metropolitan office REIT and is included in the S&P/ASX300 Index. CMA owns a portfolio of 21 high quality metropolitan office assets and two industrial assets with a portfolio value of around $1.5 billion. The properties are located in core metropolitan submarkets throughout Australia.

CPFL, combined with Centuria Property Funds No. 2 Limited (CPF2L), the Responsible Entity for the ASX listed Centuria Industrial REIT (CIP), have approximately $4.6 billion of funds under management across 15 unlisted property funds, one open-ended diversified property fund and two listed REITs.

CNI is an ASX-listed specialist investment manager with $5.5 billion in total funds under management.

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