PEET LIMITED — Capital/Financing Update 2016

Jul 14, 2016

==> picture [106 x 34] intentionally omitted <==

Perth Level 7, 200 St Georges Terrace Perth WA 6000 Telephone (08) 9420 1111 | Facsimile (08) 9481 4712 Email perth@peet.com.au

www.peet.com.au

15 July 2016

Peet acquires 1,100-lot residential project in Queensland

National property and funds management group Peet Limited (“Peet” or the “Company”) has announced that it has established a new wholesale fund with Peet and Supalai Public Company, a real estate developer listed on the Thailand stock exchange, each being 50% co-investors. Peet will act as the development manager for the fund.

The wholesale fund has acquired a residential estate in Redbank Plains, Queensland, (“Estate”), which is in development and which will be amalgamated with an adjacent property Peet currently has under option (together, “the Properties”), to create a 1,100-lot residential master-planned community.

Redbank Plains is located approximately 28 kilometres south-west of Brisbane and 10 kilometres south-east of Ipswich.

The total acquisition price for the Properties is $37.45 million and the contract is unconditional, with settlement expected to occur in September 2016.

Peet has been appointed as the development manager with the project expected to be developed out over six years, with an expected completion in late 2022.

Peet Managing Director and Chief Executive Officer, Brendan Gore said the acquisition is in line with the Group’s strategy.

“The acquisition of the Properties is in line with Peet’s strategy of managing its pipeline of projects with a focus on maximising return on capital. It adds to Peet’s Queensland pipeline and will further increase the proportion of the Company’s earnings generated from its Funds Management business and east coast operations,” said Mr Gore.

“The medium-term outlook for the Queensland residential market remains positive and as the Estate is already developing and selling, it is expected to contribute to FY17 earnings,” said Mr Gore.

Peet continues to assess further growth opportunities, and is well positioned to take advantage of such opportunities as they arise.

For investor inquiries, call: Brendan Gore Managing Director and Chief Executive Officer Peet Limited (08) 9420 1111

For media inquiries, call:

Marie Mills Mills Wilson (08) 9421 3600, 0418 918 202 mariem@millswilson.com.au

Perth | Melbourne | Brisbane | Canberra | Adelaide | Darwin Enriching lives since 1895 | Asset Manager | Land Syndicator | Fund Manager Peet Limited | ACN 008 665 834