GARDA PROPERTY GROUP — Director's Dealing 2017

Dec 19, 2017

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity GARDA Diversified Property Fund

ARSN 104 391 273

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Matthew Madsen
Date of last notice	4 October 2016

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Part 1 - Change of director’s relevant in	Part 1 - Change of director’s relevant in	terests in securitiesn the trust made available by the responsible entity of the trustme within paragraph (i) of the definition of “notifiable interest of a director” should	terests in securitiesn the trust made available by the responsible entity of the trustme within paragraph (i) of the definition of “notifiable interest of a director” should	terests in securitiesn the trust made available by the responsible entity of the trustme within paragraph (i) of the definition of “notifiable interest of a director” should	terests in securitiesn the trust made available by the responsible entity of the trustme within paragraph (i) of the definition of “notifiable interest of a director” should	terests in securitiesn the trust made available by the responsible entity of the trustme within paragraph (i) of the definition of “notifiable interest of a director” should
In the case of a trust, this includes interests iNote: In the case of a company, interests which co		n the trust made available by the responsible entity of the trust
		me within paragraph (i) of the definition of “n		otifiable interest of a director” should
be disclosed in this part.
	Direct or indirect interest		Indirect
					en
	Nature of indirect interest(includin reistered holder)		Units held by	MB & PM Madsen (Mads
	g gNote: Provide details of the circumstances givin	g rise to the relevant	Super Fund	/C).
	interest.
	Date of change		20 December 2017
	No. of securities held prior to change		143,794
	Class		Ordinary Units
	Number acquired		2,607
	Number disposed		N/A
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		$2,998.05($1.15 per Unit, under Entitlement Offer)
	No. of securities held after change		146,401

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

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Appendix 3Y Change of Director’s Interest Notice

Nature of change Exercise of rights under Entitlement Offer Example: on-market trade, off-market trade, exercise of options, announced 13 November 2017 issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

==> picture [434 x 319] intentionally omitted <==

----- Start of picture text ----- Detail of contract N/ANature of interest N/AName of registered holder N/A(if issued securities)Date of change N/ANo. and class of securities to which N/Ainterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquired N/AInterest disposed N/AValue/Consideration N/ANote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change N/A----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed Not required – exercise under above traded during a[+] closed period where prior written Entitlement Offer clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A. provided?

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

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