GARDA PROPERTY GROUP — Director's Dealing 2019

Dec 5, 2019

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 Property Group (comprising: GARDA Holdings Limited ACN 636 329 774 and GARDA Capital Limited ACN 095 039 366 as responsible entity of the GARDA Diversified Property Fund ARSN 104 391 273)

As stated

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 DirectorDate of last notice	Mark Hallett03/09/2018 (for GDF)27/11/2019 (for GHL)

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.

Direct or indirect interestNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	IndirectStapled securities held by:1. M3SIT Pty Ltd as trustee for M3 Solutions InvestmentTrust (Sections 608(2) and (3) apply).2. M3SIT Pty Ltd (Sections 608(2) and (3) apply).3. Hallett S/F Pty Ltd as trustee for MHTH Super Fund(Sections 608(2) and (3) apply).4. Tspan Pty Ltd (Sections 608(1) applies).
Date of change	29/11/2019
No. of securities held prior to change	48,698
Class	Fully paid ordinary stapled securities
Number acquired	14,665,942 in total
Number disposed	Nil

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	1.6 new stapled securities were issued for each GCM stapledsecurity acquired by GARDA Property Group pursuant to the“Internalisation”, as described in the notice of meeting andexplanatory memorandum dated 4 October 2019 issued byGARDA Capital Limited as responsible entity of the GARDADiversified Property Fund (Meeting Booklet). Estimatedvaluation is in accordance with the independent expert’s reportcontained in section 9 of the Meeting Booklet.
No. of securities held after change	14,714,640
Nature of changeExample:on-markettrade,off-markettrade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back	Issue of stapled securities upon implementation of theInternalisation as described in the Meeting Booklet.

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.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No – interests issued underInternalisation on terms applicableto all securityholders and approvedby the board
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

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