GARDA PROPERTY GROUP — Share Issue/Capital Change 2021

Dec 15, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

GARDA PROPERTY GROUP

Date of this announcement

Thursday December 16, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Performance Rights (under equity incentive plan)	670,285	10/12/2021
to be confirmed	convertible into fully paid GDF stapled securities.

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

GARDA PROPERTY GROUP

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

17982396608

1.3 ASX issuer code

GDF

1.4 The announcement is

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New announcement

1.5 Date of this announcement

16/12/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code +Security description New class - code to be confirmed Performance Rights (under equity incentive plan) convertible into fully paid GDF stapled securities. +Security type ISIN code Other

Date the +securities the subject of this notification were issued

10/12/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
David Addis	David Addis	108,695
Lachlan Davidson	Samantha Davidson	54,347

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer "Notice of Annual General Meeting/Proxy Form" dated 25 October 2021: https://gardaproperty.com.au/investment-c entre-asx-announcements/

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Refer "Notice of Annual General Meeting/Proxy Form" dated 25 October 2021: https://gardaproperty.com.au/investment-c entre-asx-announcements/

Any other information the entity wishes to provide about the +securities the subject of this notification

The performance rights issued under the equity incentive plan formed the equity component of the at-risk remuneration of the relevant employees.

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Issue details

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Number of +securities

670,285

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
GDF : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES	227,644,361
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
New class - code to be confirmed : Performance Rights (under equity incentive plan)	670,285
convertible into fully paid GDF stapled securities.

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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