GDI PROPERTY GROUP — Share Issue/Capital Change 2015

May 27, 2015

ASX ANNOUNCEMENT ²⁸ May ²⁰¹⁵

Attached is a copy of Form 484 lodged with the Australian Securities and Investments Commission in relation to the cancellation of 5,038,436 shares in GDI Property Group Limited.

Since the announcement of the buy‐back on 23 February 2015, 14,219,765 GDI Property Group stapled securities have been bought back and cancelled.

Following the cancellation, there are 553,355,260 stapled securities on issue.

Media Enquiries:

Steve Gillard David Williams Managing Director Chief Financial Officer +61 2 9223 4222 +61 2 9223 4222

steve@gdi.com.au david@gdi.com.au

Form 484

Corporations Act 2001

Change to company details

Sections A, B or C may be lodged independently with this signed cover page to notify ASIC of:

• A1 Change of address
• A2 Change of name officeholders or proprietary
• company members

A3 Change - ultimate holding company

All mandatory fields will be identified with an *.

B1 Cease company officeholder

• B2 Appoint company officeholder B3 Special purpose company
• C1 Cancellation of shares
• C2 Issue of shares
• C3 Change to share structure
• C4 Changes to the register of members for proprietary companies

If there is insufficient space in any section of the form, you may photocopy the relevant page(s) and submit as part of this lodgement

Company details	Company name* GDI Property Group Limited
Refer to guide for information about corporate key	ACN/ABN *	Corporate key *
	166 479 189
Lodgement details	Who should ASIC contact if there is a query about this form?
	Firm/organisation
	GDI Property Group Limited
	Contact name/position description
	David Williams / Joint Company Secretary
	ASIC registered agent number (if applicable)
	Telephone number
	(02) 9223 4222
	Postal or DX address
	Level 23, 56 Pitt Street
	Sydney NSW 2000
	Total number of pages including this cover sheet 4

Signature

This form must be signed by a current officeholder of the company.

	certify that the information in this cover sheet and the attached sections of this form are true and complete. Name *
	David Williams
This form must be SIGNED and DATED by a current officeholder after it is PRINTED	Capacity * Director $ $ Company secretary Signature ├╞ Date signed {current date/time} $26/5/5$ (dd/mm/yyyy)
Lodgement	Send completed and signed forms to: For help or more information Australian Securities and Investments Commission, 1300 300 630 Telephone PO Box 4000, Gippsland Mail Centre VIC 3841. Email Click here to send ASIC an email. Web www.asic.gov.au

Or lodge the form electronically by visiting the ASIC website www.asic.gov.au

Change Notification Page

Please notify the changes you wish to make by selecting at least one of the tick boxes available below. Your tickbox selections will generate the appropriate section(s) which will appear after this page.

$A1$ Change of address
$A2$ $\Box$ Change a name for officeholder or proprietary company members
$A3$ $\Box$ Change of ultimate holding company details	Click on the button below if you need assistance in making your selection
Cease an officeholder B11	Form 484 Guide
B2 Appoint an officeholder B3 Change to special purpose company status	Once you have made all your selections, scroll down to complete the
	required sections

To notify ASIC of changes to the shares and/or members register, select the appropriate tickbox below. Please wait until the table displays showing the appropriate sections that you should complete.

	C1 - Cancellation of Ishares	C2 - Issue of shares	∣C3 - Change to share Istructure table	C4 - Change to members register
$C \nightharpoonup$ Issue of shares
Cancellation of shares C. Proprietary company $\sqrt{\phantom{a}}$ Public company if in response to the Annual company statement $-\sqrt{\phantom{a}}$ if not in response to the Annual company statement

$C \cap$ Transfer of shares

C C changes to amounts paid

$C \ \Box$ Changes to beneficial ownership

Once you have made all your selections, scroll down to complete the required sections

To notify ASIC about a division or conversion of a class of shares, you must lodge a form 211 within 28 days after the change occurring.

To notify ASIC about a conversion of shares into larger or smaller numbers, you must lodge a form 2205B within 28 days after the change occurring.

C1 Cancellation of shares

Reason for cancellation Please indicate the reason that shares	Redeemable preference shares -- S.254J
have been cancelled (select one or more boxes)	Capital reduction - S.256A - S.256E
	$\vert \mathbf{v} \vert$ Share buy-back - ss.257H(3)
		Minimum holding buy-back by listed company
$\bullet$	V	the share buy-back can take place.	Other buy-back type, A form 280 or 281 must be lodged at least 14 days, and no more than 1 year before
	Forfeited shares - S.258D
	Shares returned to a public company $-$ ss.258E(2) & (3)
	Other
Details of cancelled shares	List the details of shares cancelled in the following table
	Share class code	Number of shares cancelled	Amount paid (cash or otherwise)
	ORD	4643770	189,856.70
	Earliest date of change
		Please indicate the earliest date that any of the above changes occurred *

(dd/mm/yyyy) 27/05/2015

C3 Change to share structure

Where a change to the share structure table has occurred (eg. as a result of the issue or cancellation of shares), please show the updated details for the share classes
affected. Details of share classes not affected by th

Share class code	Full title if not standard		Total number of shares (current after changes)	Total amount paid on these shares	Total amount unpaid on these shares
ORD			553355260	23,971,903	0.00
Earliest date of change 27/05/2015	(dd/mm/yyyy)	Please indicate the earliest date that any of the above changes occurred *
Lodgement details		Yes	Is this document being lodged to update the Annual Company Statement that was sent to you?

$\boxed{\mathbf{Z}}$ No