GDI PROPERTY GROUP — Major Shareholding Notification 2014

Mar 5, 2014

SG HISCOCK & COMPANY

FACSIMILE TRANSMITTAL SHEET

FROM:
DATE:
6.3.14
TOTAL NO. OF PAGES INCLUDING COVER:
4
	Malcolm Ellis

$\square$ URGENT $\square$ FOR REVIEW $\square$ PLEASE COMMENT $\square$ PLEASE REPLY $\Box$ PLEASE RECYCLE

NOTES/COMMENTS:

Please find attached an form 603 - Notice of of Substantial holder for GDI Property Group (GDI).

Kind Regards,

Malcolm Ellis Assistant Portfolio Manager

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To_ Company Name/Scheme	GDI PROPERTY GROUP
ACN/ARSN	166 479 189
1. Details of substantial holder (1)
Namo	SG HISCOCK & COMPANY

ACN/ARSN (If l (if applicable).	_________ ---- 628 707 Уh. ັບລ

The holder became a substantial holder on $5/3/2014$

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

Class of securities (4)	Number of securities Person's votes (5) ---------------------------------------		Vating pawer (6)
FULLY PAID STAPLED	29,625,837	28,093,837	5.25

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
SG HISCOCK & COMPANY	POWER TO VOTE AND/OR	29,625,837
	EXECUTE SECURITIES

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 (B)	Class and number of securities
ATTACHED	------	-------

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 is as follows:

Holder of relevant interest	Date of acquisition ----------	Consideration (9)		Class and number of securities
		Cash	Non-cash
SG HISCOCK & CO -----	Nov13-Mar14	97.Bc		29.625.837

603 page 2/2 15 July 2001

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
NA	.

7. Addresses

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

Name	Address
ISG HISCOCK & COMPANY	L28. 367 COLLINS STREET
	MELBOURNE, 3000 ____

Signature

	print name MALCOLM ELLIS			Capacity ASSISTANT PORTFOLIO MANAGER
sign here	NNO NF)	date		6 / 3 / 2014

DIRECTIONS

• $(1)$ 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 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.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ 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 interest in.
• $\langle 6 \rangle$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out $\left( a\right)$ 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 securities to (b) 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 must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

Holder of Relevant Interest	Registered Holder	Number of Securities
ISG HISCOCK & COMPANY	STATE STREET	8,576,028
ISG HISCOCK & COMPANY	CITI.	5,775,000
ISG HISCOCK & COMPANY	BNP PARIBAS	2,075,809
SG HISCOCK & COMPANY	NATIONAL CUSTODIAN	1,532,000
SG HISCOCK & COMPANY	JPMORGAN	11,667,000
		29,625,837