CENTURIA OFFICE REIT — Major Shareholding Notification 2014

Dec 23, 2014

By fax 1300 135 638

Company Announcements Platform Australian Securities Exchange 20 Bridge Street Sydney NSW 2000

NORTON ROSE FULBRIGHT

Norton Rose Fulbright Australia ABN 32 720 868 049 Level 18, Grosvenor Place 225 George Street SYDNEY NSW 2000 AUSTRALIA

Tel +61 2 9330 8000 Fax +61 2 9330 8111 GPO Box 3872, Sydney NSW 2001 DX 368 Sydney nortonrosefulbright.com

Direct line +61 2 9330 8722

Email lisa.cheng@nortonrosefulbright.com

Dear Sir/Madam

Notice of initial substantial holder (Form 603)

We act for PEJR Investments Pty Ltd (PEJR).

On behalf of PEJR, in accordance with section 671B(1) of the Corporations Act 2001 (Cth), we attach a Notice of Initial Substantial Holder (Form 603) in respect of Centuria Metropolitan REIT (ASX:CMA) (CMA).

A copy of the attached notice is being provided to CMA.

Yours faithfully

lain/-Laughland ⁵a⁄rtner (Nórton Rose Fuibright Australia

APAC-#25397815-v1

Norton Rose Fultright Australia is a law firm as defined in the Legal Profession Acts of the Australian states and territory in which it practises.
Norton Rose Fultright Australia, Norton Rose Fultright LLP, Norton Rose Fu

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Form 603 Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Centuria Property Funds Limited as responsible entity for Centuria Metropolitan REIT No. 1 and Centuria Metropolitan REIT No. 2
ACN/ARSN	ARSN 124 364 718 and ARSN 124 364 656
1. Details of substantial holder (1)
Name	PEJR Investments Pty Ltd as trustee for the Lederer Investment Trust
ACN/ARSN (if applicable)	159 037 635
The holder became a substantial holder on	09/12/2014

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the schome that the substantial holder or an associate (2) had a rolevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Porson's votos (5) .	Voting power (6) .
Stapled Securities	__ ,000,000	.000.000 .	19.79% .
	1.111	_

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Naturo of relevant interest (7)	Class and number of securities
PEJR Invostments Pty Ltd as trustee for the Lederer Investment Trust	Relevant Interest under section 608(1) of $]_{7,000,000}$ Stapled Securities the Corporations Act 2001 (Cth)

4. Details of presont registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Class and number
interest	socurities	registered as holder (8)	of securities
PEJR investments Pty Ltd as PEJR investments Pty Ltd as Loderer for tho ltrustee linvestment Trust	trutee for the Ledorer Investment Trust	IPEJR Investments Pty Ltd as trutee for the Lederer Investment Trust

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition		Consideration (9)
		Cash	Non-cash
PEJR Investments Pty Ltd as Lederer the for . ltrustao Ilnvestment Trust	9/12/2014	IS14,000,000 cash		7,000,000 Stapled Socuritios

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÷,

Associatos

ŗ,

The reasons the persons named in paragraph 3 sbove are associates of the substantial holder are as follows:

N Addresses

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

No. No.	Address
	iPEJR Investments Pty Ltd as trustee for lor-Prosperity Advisers (Sydney) Pty Ltd, Level 1, 130 Elizaboth Streef, Sydney NSW Libra Ithe Loderer Investment Trus
print name Kobart Laderar	eapacity Director

Signature

sign here

ដ្ឋិ

孚

, छ।,

孑

DIRECTIONS

• Э if there are a number of substantial holders with similar or related relovant interests (eg. a corporation ond its related corporations, or the manager and trust of the manager and throughout the interest of the manager an
• $\tilde{\epsilon}$ Seo the dofinition of "associate" in section 9 of the Corporations Act 2001
• $\mathbf{G}$ See the definition of "relevant interest" in soctions 609 and 671B(7) of the Corporations Act 2001.
• £ The voting shares of a company constitute one class unless divided into separate classes
• G relevant interest in. The total number of votes sttached to all the voting shares in the company or voting intorests in the scheme (if any) that the person or an associate has a
• $\widehat{\mathcal{Z}}$ The person's votes divided by the total votes in the body corporate or schome multiplied by 100.

$\mathbf{S}$ include details of:

• $\widehat{\mathbf{e}}$ any relevent agreement or other circunstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any
  document setting out the torne of any relevant agroomont, and a statement by the perso
• $\widehat{\mathbf{g}}$ any qualification of the pewer of a person to exorcise, 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
• Soo the definition of "relevant agreement" in soction 9 of the Corporations Act 2001.
• $\widehat{\mathcal{B}}$ If the substantial holder is unable to deformine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown."
• $\widehat{\mathbf{S}}$ Details of the consideration must includo any and all benefits, monoys and other, that any person from whom a rolovant interest was acquired has, or
  may, become enitiled to receive in relation to that acquisition. Details