CENTURIA OFFICE REIT — Major Shareholding Notification 2014

Dec 23, 2014

24 December 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 Norton Rose Fulbright Australia

$\frac{1}{2}$

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 Motropolitan 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 invostments 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 scheme that the substantial holder or an associato (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

. Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Stapled Securities	.000.000 .	.000.000	19,79%
-------- B 600 1000 1000			.

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 rolevant interest (7)	Class and number of securities
for the Lederor Invostment Trust	PEJR Investments Pty Ltd as trustoo Relovant Interest under section 608(1) of 7,000,000 Stapled Securities the Corporations Act 2001 (Cth)

4. Details of present registered holders

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

with the data in interest of and properties construction to its house allows and also are constructed
Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (6)	Class and number of socurities
IPEJR Invostments Pty Ltd as IPEJR Investments Pty Ltd as Lederer itrustee fоr the Investment Trust	Trust	IPEJR Investments Pty Ltd as frutee for the Lodorer investment frutee for the Lederer investment Trust	7.000.000 Stopled Securitios

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)		Class and number of securities
		Cash	Non-cash
PEJR investments Pty Ltd as Lodoror for the Itrustee Ilnvostment Trust	9/12/2014	514.000.000 cash		17,000,000 Stapled Securities

6. Associates

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

Name and ACN/ARSN (if applicable)	. Nature of association -----
IN/A	-----

7. Addresses

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

--------- Name	Address
the Lederer Investment Trus	[PEJR Investments Pty Ltd as trustee for c/- Prosperity Advisers (Sydney) Pty Ltd, Level 1, 130 Elizabeth Street, Sydney NSW 12000 .

Signature

capacity print name dato sion hore

DIRECTIONS

• 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 ann $(1)$ 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 mombers is clearly set out in paragraph 7 of the form.
• See the definition of "associato" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The veting shares of a company constitute one class unless divided into separate classes.
• The total number of votes attached to all the voting sharos in the company or voting interests in the scheme (if any) that the person or an associate has a $(5)$ relevant interest in.
• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any $(a)$ document setting out the terms of eny relevant egroement, 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
• 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 $(b)$ 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.

• if the substantial holder is unable to determine the identity of the person (eg. if the rolevant interest arises because of an option) write "unknown." $(B)$
• Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or $(9)$ may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happoning 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.