GARDA PROPERTY GROUP — Director's Dealing 2020

Apr 16, 2020

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 Director	Matthew Madsen
Date of last notice	9/03/2020

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 interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	Acquisition of stapled securities by Madsen Nominees Pty Ltdas trustee of the MB & PM Madsen Family Trust (Sections608(2) and (3) apply).
Date of change	16/04/2020
No. of securities held prior to change	9,068,755
Class	Fully paid ordinary stapled securities
Number acquired	5,000,000 stapled securities pursuant to an EmployeeSecurity Plan grant, authorised at the AGM of GDF on6/03/2020. These securities do not vest until 16/04/2023.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$1.00 per stapled security, in accordance with the EmployeeSecurities Plan

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 14,068,755 Nature of change Acquisition of stapled securities in accordance with and Example: on-market trade, off-market trade, subject to the Employee Securities Plan, and approved by exercise of options, issue of securities under dividend reinvestment plan, participation in buysecurityholders 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.

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

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
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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