GDI PROPERTY GROUP — Director's Dealing 2018

May 13, 2018

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ASX ANNOUNCEMENT

14 MAY 2018

APPENDIX 3Y – MANAGING DIRECTOR SECURITIES SALE

GDI Property Group[1] wishes to advise that Managing Director Mr Steve Gillard has sold 1.3 million securities at an average price of $1.255.

Mr Gillard is selling the securities to satisfy a personal tax obligation.

Mr Gillard remains a committed securityholder, holding 29.2 million securities with no plans to sell more securities.

An Appendix 3Y accompanies this announcement.

Media Enquiries:

Steve Gillard Managing Director +61 2 9223 4222

David Williams Chief Financial Officer +61 2 9223 4222

steve@gdi.com.au

david@gdi.com.au

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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	GDI	Property Group Limited
	GDI	Property Trust
ACN	166	479 189
ARSN	166	598 161

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Mr Steven Neville Gillard
Date of last notice	17 November 2017

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	Direct and indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	HSBC Nominees AustraliaGillard Ventures Pty Ltd as trustee for Gillard GDITrust (Mr Gillard is the sole director of GillardVentures Pty Ltd and a beneficiary of Gillard GDITrust)Flanard Investments Pty Ltd (Mr Gillard is the soledirector of Flanard Investments Pty Ltd)Gillard Superannuation Pty Ltd as trustee for GillardSuperannuation Fund (Mr Gillard is a director ofGillard Superannuation Pty Ltd and a beneficiary ofGillard Superannuation Fund)Lobster Beach Pty Limited (Mr Gillard is the soledirector of Lobster Beach Pty Limited)
Date of change	14 May 2018

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	30,500,000 securities held as follows:HSBC Nominees Australia – 28,003,848Gillard Ventures Pty Ltd – 1,307,221Flanard Investments Pty Ltd – 86,216Gillard Superannuation Pty Ltd – 1,046,152Lobster Beach Pty Limited – 56,5633,518,075 Performance Rights held as follows:Steven Gillard –3,518,075
Class	Stapled securities
Number acquired	Nil
Number disposed	1,300,000
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$1,631,500
No. of securities held after change	29,200,000 securities held as follows:HSBC Nominees Australia – 28,003,848Gillard Ventures Pty Ltd – 7,221Flanard Investments Pty Ltd – 86,216Gillard Superannuation Pty Ltd – 1,046,152Lobster Beach Pty Ltd – 56,5633,518,075 Performance Rights held as follows:Steven Gillard – 3,518,075
Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	On‐market trade

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 Nature of interest Name of registered holder (if issued securities) Date of change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired Interest disposed Value/Consideration Note: If consideration is non‐cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written 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 Page 3