KEYBRIDGE CAPITAL LIMITED — M&A Activity 2021

Aug 1, 2021

ASX Code: KBC

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2 August 2021

ASX MARKET ANNOUNCEMENT

Final extension of offer period for RNY Property Trust takeover bid ACCEPT OFFER NOW

Keybridge Capital Limited advises that it will, for the FINAL time, extend the offer period for its off-market takeover offer for RNY Property Trust ( Offer ).

The Offer will now close at 7:00pm (Melbourne time) on Friday, 13 August 2021.

By accepting the Offer, you will receive the benefit of owning shares in a more diversified entity in Keybridge Capital Limited, whilst also continuing to have exposure (albeit diluted) in the returns of the RNY Property Trust.

You can accept the Offer by signing and returning your Acceptance Form. Please contact cosec@keybridge.com.au if you do not have a copy of your acceptance form.

Attached is the formal notice of variation under section 650D of the Corporations Act 2001 (Cth) in relation to this extension which has been lodged with the Australian Securities and Investments Commission.

This announcement was authorised for release by the Board.

FOR FURTHER INFORMATION:

Nicholas Bolton Managing Director Email: nbolton@keybridge.com.au Phone: 0412606899

Keybridge Capital Limited | Company Office | Company Secretarial Enquiries |

ABN 16 088 267 190 | ASX Codes KBC; KBCPA | Web www.keybridge.com.au Suite 614, Level 6, 370 St Kilda Road, Melbourne, Victoria 3004, Australia Telephone +61 3 9686 7000 Email cosec@keybridge.com.au

Notice of variation of offer - extension of offer period

To: Huntley Management Limited as the responsible entity for RNY Property Trust ( RNY )

Each holder of RNY units to whom an offer referred to below has been made, except those who have already accepted the offer referred to below

Australian Securities and Investments Commission ( ASIC )

This notice is given by Keybridge Capital Limited (ACN 088 267 190) ( Keybridge ) in relation to its off-market takeover bid for RNY ( Offer ) on the terms set out in its bidder's statement dated 14 August 2020 (as varied) ( Bidder's Statement ).

Keybridge gives notice under section 650D of the Corporations Act 2001 (Cth) ( Corporations Act ) that it varies the Offer by extending the Offer Period (as described in the Bidder's Statement) so as to change the close of the Offer Period from 7:00pm (Melbourne time) on 2 August 2021 to 7:00pm (Melbourne time) on Friday, 13 August 2021 (unless further extended).

The Offer is varied by replacing all closing date references to "2 August 2021" with "13 August 2021" in the Bidder's Statement.

Unless the context requires otherwise, defined terms in this notice have the same meaning as in the Bidder's Statement.

A copy of this notice was lodged with ASIC on 2 August 2021. ASIC takes no responsibility for the contents of this notice.

This notice is dated 2 August 2021.

This notice has been approved by resolution passed by the directors of Keybridge.

Signed for and on behalf of Keybridge by:

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________________________________ ________________________________ Jeremy Kriewaldt Antony Catalano Director Director