GDI PROPERTY GROUP — Major Shareholding Notification 2016

Oct 24, 2016

$\bar{\beta}$

Lavel 47, 120 Collins Street
Melbourne VIC 3000
PO Box 24011
Melbourne VIC 3001

T +613 9017 8600
F +613 9017 8690
Freecall 1800 679 541
www.leggmason.com.au

Legg Mason Asset Management Australia Limited, ABN 76 004 835 849, AFSL No. 240827

LEGG MASON GLOBAL ASSET MANAGEMENT
	To: Platform	ASX Company Announcements		From: Legg Mason Asset Management Australia Limited
	Fax: 1300 135 638			Fax: 03 9017 8665
	Phone:			Phone: 03 9017 8653
		Pages (Including cover): 10.		Date: 25 October 2016
	Property Group	Re: Submission of Form 603 re: GDI
	$\square$ Urgent	$\square$ For Review	Please Comment	$\square$ Please Reply	Please Recycle
		If you do not receive all pages, please telephone on 613 9017 8600.		This fax is confidential and may be privilaged. If you are not the intended recipient, please take note that any disclosure. copying, distribution or use of the contents of this fax is strictly prohibited. Please notify the sender immediately by telephone.
	Notes:
				Please find following Form 603 - Notice of initial substantial holder by Legg Mason Asset
		Management Australia Limited

Notice of initial substantial shareholder	Form 603
	Corporations Law
	Section 671B

To:

GDI PROPERTY GROUP Level 23, 56 Pitt Street Sydney NSW 2000

$\mathbf{1}$ Details of substantial shareholder

Legg Mason Asset Management Limited (ABN 76 004 838 849) and each of the bodies corporate listed in Annexure A

The holder became a substantial holder on 25/10/2016

$\mathbf{z}$ Details of voting power

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

– Class of securities --	-- Number of securities	Person s vote	Vodng Power .
'Fully. Ordinary raid - --- . .	.J.606L -- 1.700 . .	27.790.606 -11	5.15%

$3.$ Details of relevant Interests

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Legg Mason Asset Management Australia Limited	Shares were acquired pursuant to contracts entered into in the ordinary course of business on a stock market of a stock exchange containing no terms and conditions other than standard terms and conditions	ISee Annexure C

$\ddot{\phantom{a}}$ 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	Class and number of securities
.	See Annexure C

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

Holder of relevant interest	Date of acquisition	Consideration	Class and number of securities
Legg Mason Asset Management Australia Limited	- -	Refer to Annexure B

1. Associates

L

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

Name and ACN/ABN (if applicable)	Nature of association

i,

As per Annexure A	Each of the bodies corporate referred to in Annexure A is a related body corporate of Legg Mason Asset Management Australia Limited.
-------------------	--------------------------------------------------------------------------------------------------------------------------------------------

$\mathbf{7}$ . Addresses

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

Name	Nature of association
Legg Mason Asset Management Australia Limited	Level 13, 120 Collins Street, Melbourne VIC 3000

25-October-2016

$6$

Rino Lupo Legg Mason Asset Management Australia Limited

Legg Mason, Inc. Subsidiaties

Nature of Close Link	BnixshebnU to emsM
Parent Undertaking	ֿרָהָ66 ( טפֿסט' ןטכ
Suixamebru trens9 to visibizduz	Legg Mason & Co., LLC
SnixlahabnU thens9 to visibiadu2	Detimil Legg Mason Asset Management Australia
Suidiary of Parent Undertaking	Kong Limited Legg Mason Asset Management Hong
Snixisheball thered to yisibizdu2	Co. Ltd. Legg Mason Asset Management (Japan)
Subsidiary of Parent Undertaking	Singapore Pte. Limited Legg Mason Asset Management
Subsidiary of Parent Undertaking	Legg Mason Charitable Foundation, Inc.
SnixlahabnU thened to ytaibizdu2	Legg Mason International Equities Limited
Snixistrebrit Parent Undertaking	Legg Mason Investment Funds Limited
Suidiary of Parent Undertaking	Legg Mason Investments (Europe) Limited
SnixlahabnU thened to visibizdu2	Legimi (bnslett) stnemteevnl noasM gge
Suidiary of Parent Undertaking	Legg Mason Investments (Tawan) Limited
Suistrabul then 91 Padakiaking	HdmD Legg Masoul Investments (Switzerland)
SnixlahabnU tnens9 to visibizdu2	Legg Mason Holding (Switzerland) GmbH
Suidiary of Parent Undertaking	(500) Legg Mason Political Action Committee
SnixlahabnU tnens9 to ynsibizdu2	Legg Mason Towarzystwo Funduszy
	isniyoyA saloq2 doyniyoyteewnl
	Brandywine (UK) Holdings Limited
SnixahabnU thene9 to ynsibizdu2	YnsqmoO enomitiaB enT
Suislished of Parent Undertaking	Legg Mason & Co (UK) Limited
Subsidiary of Parent Undertaking Suidstrabul inexed to visibizduz	Legg Mason Commercial Real Estate Legg Mason Canage Holdings Ltd
SnixlathebnU thene9 to ynsibizdu2	Legg Mason Funding Ltd Services, Inc.
Suidiary of Parent Undertaking	Legg Mason Global Holdings Ltd
Suidiary of Parent Undertaking	Legg Mason Holdings, LLC
SnixishebnU trens9 to yrsibizdu2	Legg Mason International Holdings, LLC
Suidiary of Parent Undertaking	(Cayman) Limited Legg Mason International Holdings
Subsidiary of Parent Undertaking	Limitada Legg Mason (Chile) Inversiones Holding
SnixishebnU thens9 to yrsibizdu2	Legg Mason Investments Holdings Limited
Subsidiary of Parent Undertaking	Limited Legg Mason Investments Nominees
Suiskrisbul triened to maibizduc	.onl ,anosivbA Legg Mason Real Estate Securities
SnixlensbnU trened to visibiadu2	Legg Mason Realty Group, Inc.
SuidshabnU tnoted to visibizdu?	Legg Mason Realty Partners, Inc.
Subsidiary of Parent Undertaking	Legg Mason Tower, Inc.

ANNEXURE A

LM BAM, Inc.	Subsidiary of Parent Undertaking
LM (BVI) Limited	Subsidiary of Parent Undertaking
LM Capital Support V, LLC	Subsidiary of Parent Undertaking
LM Holdings Limited	Subsidiary of Parent Undertaking
LM Holdings 2 Limited	Subsidiary of Parent Undertaking
LM International Holding LP	Subsidiary of Parent Undertaking
LM Tower, LLC	Subsidiary of Parent Undertaking
LMI Nominees Limited	Subsidiary of Parent Undertaking
Nova Scotia Company	Subsidiary of Parent Undertaking
Barrett Associates, Inc.	Subsidiary of Parent Undertaking
Brandywine Global Investment	Subsidiary of Parent Undertaking
Management, LLC
Brandywine Global Investment	Subsidiary of Parent Undertaking
Management (Canada), ULC
Brandywine Global Investment	Subsidiary of Parent Undertaking
Management (Europe) Limited
Brandywine Global Investment	Subsidiary of Parent Undertaking
Management (Asia) Pte. Limited
ClearBridge, LLC	Subsidiary of Parent Undertaking
ClearBridge Investments, LLC	Subsidiary of Parent Undertaking
ClearBridge Management Holdings LLC	Subsidiary of Parent Undertaking
Clarion Partners Holdings LLC	Subsidiary of Parent Undertaking
CP Intermediate Holdco, Inc.	Subsidiary of Parent Undertaking
Clarion Partners, LLC	Subsidiary of Parent Undertaking
Clarion Partners Europe, Ltd. Clarion REIM South America Holdings,	Subsidiary of Parent Undertaking Subsidiary of Parent Undertaking
LLC
Clarion REIM South America	Subsidiary of Parent Undertaking
Investimentos Imobiliarios LTDA
LM/Clarion I, LLC	Subsidiary of Parent Undertaking
LM/Clarion II, LLC	Subsidiary of Parent Undertaking
Legg Mason ClearBridge Holdings LLC	Subsidiary of Parent Undertaking
egg Mason Fund Asset Management,	Subsidiary of Parent Undertaking
Inc.
Legg Mason Investor Services, LLC	Subsidiary of Parent Undertaking
Legg Mason Partners Fund Advisor, LLC	Subsidiary of Parent Undertaking
Legg Mason Private Portfolio Group, LLC	Subsidiary of Parent Undertaking
LM Pelican Holdings, L.P.	Subsidiary of Parent Undertaking
LMM, LLC	Subsidiary of Parent Undertaking
LMOBC, Inc.	Subsidiary of Parent Undertaking
LMP Select, LLC	Subsidiary of Parent Undertaking
Martin Currie Investment Management Limited	Subsidiary of Parent Undertaking
Martin Currie Fund Management Limited Martin Currie Asia PTE Limited	Subsidiary of Parent Undertaking Subsidiary of Parent Undertaking
Martin Currie Inc.	Subsidiary of Parent Undertaking
Permal Group Ltd	Subsidiary of Parent Undertaking

$\mathbf{r}$

$\hat{\mathbf{r}}$

$\mathcal{A}^{\mathcal{A}}$ ANNEXURE A

Permal Group LLC Permal Group Holdings LLC.	Subsidiary of Parent Undertaking
Permal Capital Holdings LLC	Subsidiary of Parent Undertaking
	Subsidiary of Parent Undertaking
Permal Capital Management, LLC Permal UK Limited	Subsidiary of Parent Undertaking
	Subsidiary of Parent Undertaking
Permal Cayman International LP	Subsidiary of Parent Undertaking
Permal MEP Cayman LP EnTrustPermal Group Holdings LLC	Subsidiary of Parent Undertaking
EnTrustPermal LLC	Subsidiary of Parent Undertaking
QS Batterymarch Financial Management,	Subsidiary of Parent Undertaking
inc.	Subsidiary of Parent Undertaking
QS Investors Fund Management, LLC	Subsidiary of Parent Undertaking
QS Investors Holdings, LLC	Subsidiary of Parent Undertaking
QS Investors, LLC	Subsidiary of Parent Undertaking
RARE Infrastructure Limited	Subsidiary of Parent Undertaking
RARE Infrastructure Finance Pty Limited	Subsidiary of Parent Undertaking
RARE Infrastructure (Sovereign Enterprise	Subsidiary of Parent Undertaking
No. 1) Pty Limited
RARE Infrastructure (Europe) Pty Limited	Subsidiary of Parent Undertaking
RARE Infrastructure (North America) Pty	Subsidiary of Parent Undertaking
Limited
RARE Holdings Pty Limited	Subsidiary of Parent Undertaking
RARE Infrastructure (UK) Limited	Subsidiary of Parent Undertaking
RARE Infrastructure USA, Inc.	Subsidiary of Parent Undertaking
Treasury RARE Holdings Pty Limited	Subsidiary of Parent Undertaking
RARE IP Trust	Subsidiary of Parent Undertaking
Legg Mason Australia Holdings Pty Limited	Subsidiary of Parent Undertaking
Legg Mason Royce Holdings, LLC	Subsidiary of Parent Undertaking
Royce & Associates, LP	Subsidiary of Parent Undertaking
Royce & Associates GP, LLC	Subsidiary of Parent Undertaking
Royce Fund Services, Inc.	Subsidiary of Parent Undertaking
Royce Management Company, LLC	Subsidiary of Parent Undertaking
Western Asset Management Company	Subsidiary of Parent Undertaking
Western Asset Management Company	Subsidiary of Parent Undertaking
Ltd-Japan
Western Asset Management Company Limited-UK	Subsidiary of Parent Undertaking
Western Asset Management Company Pty	Subsidiary of Parent Undertaking
Ltd-Australia
Western Asset Management Company	Subsidiary of Parent Undertaking
Distribuidora de Titulos E Valores
Mobiliarios Limitada
Western Asset Management Company Pte. Ltd.- Singapore	Subsidiary of Parent Undertaking
Batterymarch Asia GP, LTD	Subsidiary of Parent Undertaking
BGIM Capital Management, LLC	Subsidiary of Parent Undertaking

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ANNEXURE A

EnTrust Capital Management LP	Subsidiary of Parent Undertaking
EnTrust Securities LLC	Subsidiary of Parent Undertaking
EnTrust Partners Offshore LLC	Subsidiary of Parent Undertaking
EnTrust Partners Offshore LP	Subsidiary of Parent Undertaking
EnTrust Focus Partners LP	Subsidiary of Parent Undertaking
EnTrust Investment Management Pte. Ltd.	Subsidiary of Parent Undertaking
EnTrust Capital (UK) LLP	Subsidiary of Parent Undertaking
EnTrust Middle East Ltd.	Subsidiary of Parent Undertaking

Annexure B
GDI Transactions for 4 month period up to 21/10/2016
Legg Mason Asset Management Australia Limited

9102/2016	9102/80/8	9102/80/6	9102/90/6	9102/80/6	10/08/2016	10/08/2016	10/08/2016	10/08/2016	12/08/2016	15/08/2016	16/08/2016	17/08/2016	17/08/2016	17/08/2016	18/08/2016	18/08/2016	24/08/2016	25/08/2016	25/08/2016	26/08/2016	26/08/2016	29/08/2016	29/08/2016	12/09/2016	14/09/2016	14/05/2016	20/10/2016	20/10/2016	21/10/2016	21/10/2016	Trade date
ωı	ш	ᅃ	$\mathbf{u}$	ω	Ф	œ	ω.	∞	ᇚ	ω	$\mathbf{u}$	ᇚ	ᇚ		wlw	œ	ω	$\mathbf{u}$		oloi	$\mathbf{u}$	ω	$\boldsymbol{\varpi}$	ω	ω	Φ	Ф	Φ	ω	$\mathbf{D}$
																															Trade Consideration
P9196	19669	672571 149515	9769 68684	42634	15227 15944	141183 148224	216392	471053	06812 23206	221885	449479	42956	020011 114283	657518 106289	516389	391230	S48947 362542	C 0 19	0.50	29330 30005	43983 366+	251649 256131	167810	518953 539172	382470 787007	347650 164031	12126 194397	87872 76689	12682 59596	13501	Quantity
109681 Ordinary Shares	63120 Ordinary Shares	Ordinary Shares	Ordinary Shares	44812 Ordinary Shares	Ordinary Shares	Ordinary Shares	227183 Ordinary Shares	494544 Ordinary Shares	Ordinary Shares	233342 Ordinary Shares	472241 Ordinary Shares	99924 Ordinary Shares	Ordinary Shares	Ordinary Shares	538298 Ordinary Shares	407829 Ordinary Shares	Ordinary Shares	6243 Ordinary Shares	9361 Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	170799 Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares	24044 Ordinary Shares	Class

$\mathcal{A}$

Annexure C

Holder of relevant interest and Registed holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class and number of securities affected
Legg Mason Asset Management Australia Limited	Citi	Register and beneficial holder	6,606,610.00 Fully Paid ordinary
Legg Mason Asset Management Australia Limited	RBC	Register and beneficial holder	14,048,076.00 Fully Paid ordinary
Legg Mason Asset Management Australia Limited	BBH	Register and beneficial holder	2,631,359.00 Fully Paid ordinary
Legg Mason Asset Management Australia Limited	BNP	Register and beneficial holder	1,460,340.00 Fully Paid ordinary
Legg Mason Asset Management Australia Limited	NCS	Register and beneficial holder	1,827,311.00 Fully Paid ordinary
Legg Mason Asset Management Australia Limited	NT	Register and beneficial holder	1,216,910.00 Fully Paid ordinary

$\ddot{\phantom{a}}$

$\mathcal{A}$