GDI PROPERTY GROUP — Capital/Financing Update 2017

Jan 4, 2017

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ASX ANNOUNCEMENT

5 January 2017

Settlement of 25 Grenfell Street, Adelaide

GDI Property Group[1] is pleased to announce that the sale of 25 Grenfell Street, Adelaide, settled today.

As previously announced, 25 Grenfell Street, Adelaide, was sold for $125.1 million, with GDI Property Group expecting to receive approximately $124.0 million from the sale after selling and other costs, a $10.0 million premium to the last independent valuation of $114.0 million.

GDI Property Group has permanently reduced its debt facility by $114.0 million, with the balance of the settlement proceeds retained as cash.

Media Enquiries:

Steve Gillard Managing Director +61 2 9223 4222 steve@gdi.com.au

David Williams Chief Financial Officer +61 2 9223 4222 david@gdi.com.au

1. GDI Property Group comprises the stapled entities GDI Property Group Limited (ACN 166 479 189) and GDI Property Trust (ARSN 166 598 161)

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