HOMECO DAILY NEEDS REIT — Major Shareholding Notification 2021

May 17, 2021

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme

ACN/ARSN

HomeCo Daily Needs REIT

645 086 620

1. Details of substantial holder (1)

Name HMC Funds Management Limited as responsible entity of HomeCo Daily Needs REIT ( HFML )

ACN (if applicable)

105 078 635

There was a change in the interests of the 14 / 5 / 2021 substantial holder on:

The previous notice was given to the company on 5 / 5 / 2021 The previous notice was dated 5 / 5 /2021

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

		Previous notice	Previous notice		Present notice	Present notice
Class	of Securities (4)
		Person's votes	Voting power (5)		Person's votes	Voting power (5)
Fully paid	ordinary units (Units)	128,613,677		23.11%	128,613,677	18.71%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest or the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

	Date of	Person whose	Nature of change (6)	Consideration	Class and	Person's votes
	change	relevant interest		given in relation	number of	affected
		changed		to change (7)	securities
					affected
14	/ 5 / 2011	HFML	Dilution of voting power as a result of	N/A	128,613,677	128,613,677
			the issue of additional Units as part of		Units
			the settlement of the retail component
			of the Entitlement Offer announced on
			19 April 2021.

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered holder	Person entitled to	Nature of relevant interest (6)	Class and	Person's votes
relevant	of securities	be registered as		number of
interest		holder (8)		securities
HFML	Home Consortium	Home Consortium	Relevant interest held under section	128,613,677	128,613,677
	Limited (ACN	Limited	608(1)(c) of the_Corporations Act_	Units
	138 990 593)		2001(Cth) arising from voluntary
			escrow arrangements (Escrow Deed)
			as disclosed in the product disclosure
			statement issued byHMFL,amongst

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others, on 16 October 2020. A copy of the Esrow Deed was attached as Annexure A of the Form 603 lodged by HFML on 26/11/2020

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN (if applicable)	Nature of association
N/A	N/A

6. Addresses

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

Name	Address
HDN	19 Bay Street, Double Bay NSW 2028
HCL	19 Bay Street, Double Bay NSW 2028

Signature

print name Andrew Selim

==> picture [56 x 31] intentionally omitted <==

sign here

capacity Company Secretary date 18 / 05 / 2021

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Directions

1.

2.

3.

4.

If there are a number of substantial shareholders 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 6 of the form.

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

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.

The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

Include details of:

• (a) any relevant agreement or other circumstances by which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document 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

• (b) 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 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.

7.

8.

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.

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".

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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