GDI PROPERTY GROUP — Major Shareholding Notification 2013

Dec 22, 2013

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	GDI Property Group Limited GDI Property Trust
ACN/ARSN	ACN 166 479 189 ARSN 166 598 161
1. Details of substantial holder (1)
Name ACN/ARSN (if applicable)	Mr Steven Neville Gillard
The holder became a substantial holder on	/2013 16/12

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary Stapled Securities	30,300,000	30,300,000	5.34%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Lobster Beach Pty Limited (ACN 127 272 342) as trustee for Gillard Investment Trust	Mr Gillard is the sole director of Lobster Beach Pty Ltd and a beneficiary of the Gillard Investment Trust	21.050.000
Gillard Ventures Pty Ltd (ABN 71 131 602 750) as trustee for Gillard GDI Trust (ABN 31 912 345 446)	Mr Gillard is the sole director of Gillard Ventures Pty Ltd and a beneficiary of the Gillard GDI Trust	9,163,784
Flanard Investments Pty Limited (ABN 48 131 603 462) (Mr Gillard is the sole director of Flanard Investments Pty Limited)	Mr Gillard is the sole director of Flanard Investments Pty Limited	86.216

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Lobster Beach Pty Limited	Lobster beach Pty Limited		21,050,000
Gillard Ventures Pty Limited	Gillard Ventures Pty Limited		9.163.784
Flanard Investments Pty Limited	Flanard Investments Pty Limited		86,216

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder became a

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-Cash
Lobster Beach Pty Limited (ACN 127 272 342) as trustee for Gillard Investment Trust	16/12/2013		Consideration for 20,003,848 units in GDI No.35 Perth Prime CBD Office Trust	20,003,848 fully paid ordinary stapled securities
Lobster Beach Pty Limited (ACN 127 272 342) as trustee for Gillard Investment Trust	17/12/2013	\$747,905.86		832,368 fully paid ordinary stapled securities
Lobster Beach Pty Limited (ACN 127 272 342) as trustee for Gillard Investment Trust	18/12/2013	\$83.884.44		93,784 fully paid ordinary stapled securities
Lobster Beach Pty Limited (ACN 127 272 342) as trustee for Gillard Investment Trust	19/12/2013	\$107,281.97		120,000 fully paid ordinary stapled securities
Gillard Ventures Pty Ltd (ABN 71 131 602 750) as trustee for Gillard GDI Trust (ABN 31 912 345 446)	16/12/2013		Consideration for sale of Funds Business (as described in the combined prospectus and PDS issued by GDI Property Group Limited and GDI Property Trust on 25 November 2013)	9,163,784 fully paid ordinary stapled securities
Flanard Investments Pty Limited (ABN 48 131 603 462)	16/12/2013		Consideration for sale of Management Company Shares (as described in the combined prospectus and PDS issued by GDI Property Group Limited and GDI Property Trust on 25 November 2013)	86,216 fully paid ordinary stapled securities

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Lobster Beach Pty Limited (ACN 127 272 342) as trustee for Gillard Investment Trust	Associates pursuant to section 12(2)(a) of the Corporations Act
Gillard Ventures Pty Ltd (ABN 71 131 602 750) as trustee for Gillard GDI Trust (ABN 31 912 345 446)	Associates pursuant to section 12(2)(a) of the Corporations Act
Flanard Investments Pty Limited (ABN 48 131 603 462) (Mr Gillard is the sole director of Flanard Investments Pty Limited)	Associates pursuant to section 12(2)(a) of the Corporations Act

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Mr Steven Neville Gillard	C/O Bedford Titley Level 6
	141 Walker Street
	North Sydney NSW 2060
Lobster Beach Pty Limited (ACN 127 272 342) as trustee for Gillard	C/O Bedford Titley
Investment Trust	Level 6
	141 Walker Street
	North Sydney NSW 2060
Gillard Ventures Pty Ltd (ABN 71 131 602 750) as trustee for Gillard	C/O Bedford Titley
GDI Trust (ABN 31 912 345 446)	Level 6
	141 Walker Street
	North Sydney NSW 2060
Flanard Investments Pty Limited (ABN 48 131 603 462) (Mr Gillard is	C/O Bedford Titley
the sole director of Flanard Investments Pty Limited)	Level 6
	141 Walker Street
	North Sydney NSW 2060

• If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or the manager and trustee of $(1)$ an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant $(5)$ interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• Include details of: $(7)$
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document $(a)$ setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the $(b)$ securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

$(8)$ If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) write "unknown". $(9)$

Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details m the person from whom the relevant interest was acquired.