CROMWELL PROPERTY GROUP — AGM Information 2018

Mar 27, 2018

GENERAL MEETING PRESENTATION

28 March 2018

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CMW – GENERAL MEETING PRESENTATION

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Important Information & Disclaimer

This presentation including its appendices (Presentation) is dated 28 March 2018 and has been prepared by Cromwell Property Group, which comprises Cromwell Corporation Limited (ACN 001 056 980) and the Cromwell Diversified Property Trust (ARSN 102 982 598) (the responsible entity of which is Cromwell Property Securities Limited (ACN 079 147 809; AFSL 238052)). Shares in Cromwell Corporation Limited are stapled to units in the Cromwell Diversified Property Trust. The stapled securities are listed on the ASX (ASX Code: CMW). This Presentation contains summary information about Cromwell Property Group as at 31 December 2017. Statutory financial information has been reviewed by Cromwell Property Group’s auditors. Operating financial information has not been subjected to audit review. All financial information is in Australian dollars and all statistics are as at 31 December 2017 unless otherwise stated. All statistics include 50% share of Northpoint Tower and 49% of Campbell Park. The information in this Presentation is subject to change without notice and does not purport to be complete or comprehensive. It should be read in conjunction with Cromwell Property Group’s other periodic and continuous disclosure announcements available at www.asx.com.au.

The information in this Presentation does not take into account your individual objectives, financial situation or needs. Before making an investment decision, investors should consider, with or without a financial or taxation adviser, all relevant information (including the information in this Presentation) having regard to their own objectives, financial situation and needs. Investors should also seek such financial, legal or tax advice as they deem necessary or consider

appropriate for their particular jurisdiction. Cromwell Property Group does not guarantee any particular rate of return or the performance of Cromwell Property Group nor do they guarantee the repayment of capital from Cromwell Property Group or any particular tax treatment. Past performance is not a reliable indicator of future performance. Any “forwardlooking” statements are based on assumptions and contingencies which are subject to change without notice. Any forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. The information in this Presentation has been obtained from or based on sources believed by Cromwell Property Group to be reliable. To the maximum extent permitted by law, Cromwell Property Group, their officers, employees, agents and advisors do not make any warranty, expressed or implied, as to the currency, accuracy, reliability or completeness of the information in this Presentation and disclaim all responsibility and liability for the information (including, without limitation, liability for negligence). To the extent that any general financial product advice in respect of Cromwell Property Group stapled securities is provided in this Presentation, it is provided by Cromwell Property Securities Limited. Cromwell Property Securities Limited and its related bodies corporate, and their associates, will not receive any remuneration or benefits in connection with that advice.

Cromwell Funds Management Limited ACN 114 782 777 AFSL 333214 (CFM) is the responsible entity of, and the issuer of units in, the Cromwell Australian Property Fund ARSN 153 092 516 (APF), Cromwell Direct Property Fund ARSN 165 011 905 (DPF),

Cromwell Ipswich City Heart Trust ARSN 154 498 923 (ICH), Cromwell Phoenix Core Listed Property Fund ARSN 604 286 071 (PCF), Cromwell Phoenix Opportunities Fund ARSN 602 776 536 (POF), Cromwell Phoenix Property Securities Fund ARSN 129 580 267 (PSF), Cromwell Property Trust 12 ARSN 166 216 995 (C12) and Cromwell Riverpark Trust ARSN 135 002 336 (CRT) (the funds). In making an investment decision in relation to one or more of the funds, it is important that you read the product disclosure statement for the fund. The PDS for each fund is issued by CFM and is available from www.cromwell.com.au or by calling Cromwell on 1300 276 693. POF, ICH, C12 and CRT are not open for investment. Applications for units in APF, DPF, PCF and PSF can only be made on the application form accompanying the relevant PDS.

This Presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities or any other financial products in the United States or any other jurisdiction. Cromwell Property Group stapled securities have not been, and will not be, registered under the US Securities Act of 1933, as amended (Securities Act) or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold in the United States or to, or for the account or benefit of, a person in the United States unless they have been registered under the Securities Act, or are offered or sold in a transaction exempt from, or not subject to the registration requirements of the Securities Act and any other applicable securities laws.

© 2018. Cromwell Property Group. All rights reserved.

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CMW – GENERAL MEETING PRESENTATION

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Directors

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CMW – GENERAL MEETING PRESENTATION

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Meeting Agenda

• Open

• CEO’s Address

• Formal Voting

• Item of Business

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CMW – GENERAL MEETING PRESENTATION

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CEO’s Address Mr. Paul Weightman

Cromwell Property Group Overview

Track Record of Successful Partnerships

Diverse Product Range

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Portfolio Platform
$ 11.2 bn [1]
370 +
AUM
people
330 +
properties 15
countries
4.1m
sqm
29
offices
+
3,700
tenants
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Extensive and Broad Skill Set
AUM by Sector
2.7%
Office
5.9%
12.3%
Retail
Industrial /
17.3% Logistics
61.8%
Property
Securities
Other Property
AUM by Geography
4.8%
Europe
40.4% Australia
54.8%
NZ
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• 1) Includes assets under construction at ‘as if complete’, 45% Phoenix Portfolios and 50% of Oyster Group assets under management

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CMW – GENERAL MEETING PRESENTATION

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Cromwell Property Group Overview

• Cromwell is a real estate investor and manager operating on three continents with a global investor base

• We are focused on creating value and providing sustainable returns for investors and security holders

• We offer securityholders an attractive combination of stable long term cash flows, demonstrated asset enhancement capabilities and transactional profits, and low risk exposure to Asian capital flows and European economic growth

Direct Property Investment

Funds Management

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Maintain Repurpose, Manage property Continually in
defensive core reposition or internally to market looking for
portfolio transform active understand risk and value based
characteristics of asset portfolio to opportunity more investment
strong tenant improve asset clearly than others opportunities
covenant, quality and realise
long WALE and additional value
fixed rental
increment
Transition Realise
to Core Profits
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Key Recent Milestones

30 September 2017	Soward Way, ACT (HY18 valuation of $260 million) reaches practical completion
4 October 2017	Sold 9.83% stake in Investa Office Fund (ASX: IOF), profit of $25 million, IRR of 18%
2 November 2017	Hedging profile (excluding the 3.39% cap)extended to 2.6 years, 73% hedged
29 November 2017	Health and Forestry House sold for $66 million, IRR 20%
30 November 2017	Successful listing of the €1.4 billion Cromwell European REIT (CEREIT) on the SGX-ST
11 December 2017	$170 million strategic placement toSingHaiyi Group Ltd and Haiyi Holdings Pte. Ltd
15 February 2018	Security Purchase Plan closed at $35 million
28 February 2018	Cromwell announces HY18 results, reconfirms FY18 guidance
7 March 2018	ARA Asset Management agrees to purchase 19.5% of Cromwell from Redefine Properties
22 March 2018	Cromwell successfully prices €230 million Convertible Bond Offer

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Formal Voting Mr. Geoffrey H Levy, AO

Voting Cards

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Yellow card Blue card White card
Voting card Non-voting attendee card Visitor card
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CMW – GENERAL MEETING PRESENTATION

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Item of Business

Item 1

Ratification of the issue of New Stapled Securities for the purposes of ASX Listing Rule 7.4

“That the issue of 175,052,515 New Stapled Securities in accordance with the terms of issue of the Strategic Placement, as described in the Explanatory Memorandum accompanying this Notice of Meeting convening the Meeting, is ratified and approved for the purposes of ASX Listing Rule 7.4 and for all other purposes.”

	Number	% of proxies received
For	970,856,712	90.11%
Open	10,447,402	0.97%
Against	96,070,033	8.92%
Abstain	2,197,148

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CMW – GENERAL MEETING PRESENTATION

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