QUALITAS LIMITED — Director's Dealing 2022

Jun 8, 2022

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9 June 2022

Mr. Geraldi Mimery

Advisor, Listings Compliance (Melbourne)

Australian Securities Exchange

Level 4, North Tower, Rialto 525 Collins Street

MELBOURNE VIC 3000

Dear Mr. Mimery

Appendix 3Y – Change of Director’s Interest Notice

Attached is an Appendix 3Y for Mr. Andrew Schwartz, a director of Qualitas Ltd (ASX:QAL) ( Qualitas ), with respect to an update on units held in the Qualitas Real Estate Income Fund (ASX:QRI) ( QRI Units ).

Recently Qualitas amended its securities trading policy with respect to QRI Units and other interests ( Policy ). The purpose of the Policy is to outline the protocols for trading in the Qualitas Real Estate Income Fund (ASX:QRI) or any other fund, company or entity which are managed by Qualitas and listed on the ASX and certain real property holdings. The Policy applies to the directors of Qualitas ( Directors ) and all employees and associates of the Qualitas group. It specifies that Directors must notify the company secretary of any dealing in QRI Units. The company secretary must then provide an Appendix 3Y notice to the ASX for Qualitas.

Accordingly, Qualitas attaches an updated Appendix 3Y for Mr. Schwartz to align the current holdings of Directors in QRI Units.

Qualitas has processes in place to ensure that Appendix 3Y’s will be lodged when required under the Policy.

Yours faithfully

Terrie Morgan Company Secretary

Encl. Appendix 3Y – Andrew Schwartz

Melbourne Office Sydney Office Level 38, 120 Collins Street Governor Macquarie Tower Melbourne VIC 3000 Level 23, 1 Farrer Place +61 3 9612 3900 Sydney NSW 2000 +61 2 8073 0000

qualitas.com.au info@qualitas.com.au

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Qualitas Limited (Company)
ABN	46 655 057 588

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Andrew Schwartz
Date of last notice	22 December 2021

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirectinterest	Indirect interests
Nature of indirectinterest(including registeredholder)Note: Provide details of thecircumstances giving rise tothe relevant interest.	1) Ordinary Shares in the Company (Ordinary Shares) (registered in the name ofQPP Holdings Pty Ltd as trustee for QPP Holdings (AJS) Trust.Relevant interest arising under section 608(3) of the Corporations Act 2001 (Cth)by virtue of the power to control the exercise of the right of QPP Holdings PtyLtd as trustee for QPP Holdings (AJS) Trust to vote and dispose of the OrdinaryShares.2) Units in Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units) registered in thename of Davtom Finance Pty Ltd.Relevant interest arising under section 608(3) of the Corporations Act 2001 (Cth)by virtue of the power to control the exercise of the right of Davtom Finance PtyLtd to vote and dispose of the QRI Units.
Date of change	9 June 2022 in accordance with an internal policy change of Qualitas Limitedrequiring Qualitas Limited directors to provide notice of QRI Units held and changesto number of QRI Units held (Policy).Further details of acquisition dates are outlined below.

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	No.ofsecuritiesheld prior to changeClass		66,830,066 fully paid Ordinary Shares (subject to the voluntary escrow arrangementsoutlined in section 7.7 of the Prospectus dated 29 November 2021) registered in thename of QPP Holdings Pty Ltd as trustee for QPP Holdings (AJS) Trust.1)Ordinary Shares in the Company (Ordinary Shares)2)Units in Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units)648,002 QRI Units registered in the name of Davtom Finance Pty Ltd	66,830,066 fully paid Ordinary Shares (subject to the voluntary escrow arrangementsoutlined in section 7.7 of the Prospectus dated 29 November 2021) registered in thename of QPP Holdings Pty Ltd as trustee for QPP Holdings (AJS) Trust.1)Ordinary Shares in the Company (Ordinary Shares)2)Units in Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units)648,002 QRI Units registered in the name of Davtom Finance Pty Ltd	66,830,066 fully paid Ordinary Shares (subject to the voluntary escrow arrangementsoutlined in section 7.7 of the Prospectus dated 29 November 2021) registered in thename of QPP Holdings Pty Ltd as trustee for QPP Holdings (AJS) Trust.1)Ordinary Shares in the Company (Ordinary Shares)2)Units in Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units)648,002 QRI Units registered in the name of Davtom Finance Pty Ltd	66,830,066 fully paid Ordinary Shares (subject to the voluntary escrow arrangementsoutlined in section 7.7 of the Prospectus dated 29 November 2021) registered in thename of QPP Holdings Pty Ltd as trustee for QPP Holdings (AJS) Trust.1)Ordinary Shares in the Company (Ordinary Shares)2)Units in Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units)648,002 QRI Units registered in the name of Davtom Finance Pty Ltd	66,830,066 fully paid Ordinary Shares (subject to the voluntary escrow arrangementsoutlined in section 7.7 of the Prospectus dated 29 November 2021) registered in thename of QPP Holdings Pty Ltd as trustee for QPP Holdings (AJS) Trust.1)Ordinary Shares in the Company (Ordinary Shares)2)Units in Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units)648,002 QRI Units registered in the name of Davtom Finance Pty Ltd	66,830,066 fully paid Ordinary Shares (subject to the voluntary escrow arrangementsoutlined in section 7.7 of the Prospectus dated 29 November 2021) registered in thename of QPP Holdings Pty Ltd as trustee for QPP Holdings (AJS) Trust.1)Ordinary Shares in the Company (Ordinary Shares)2)Units in Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units)648,002 QRI Units registered in the name of Davtom Finance Pty Ltd
	Number acquired		648,002 QRI Units regist		ered in the name of Davtom Finance Pty Ltd
	Number disposed
			Nil.
	Value/ConsiderationNote: If consideration is
	non-cash, provide detailsand estimated valuation
			Date	Description		Value/Consideration	Amount
			21-Nov-18	Initial Public Offering		$1.6000	625,000
			16-Sep-19	Distribution reinvestmentplan		$1.6002	2,878
			16-Oct-19	Distribution reinvestmentplan		$1.6014	3,729
			15-Nov-19	Distribution reinvestmentplan		$1.6004	3,120
			16-Dec-19	Distribution reinvestmentplan		$1.6003	3,132
			15-Jan-20	Distribution reinvestmentplan		$1.6009	3,625
			17-Feb-20	Distribution reinvestmentplan		$1.6008	3,300
			16-Mar-20	Distribution reinvestmentplan		$1.6006	3,218
	No.ofsecuritiesheld after change		1)66,830,066 fully paid Ordinary Shares (subject to the voluntary escrowarrangements outlined in section 7.7 of the Prospectus dated 29 November2021) registered in the name of QPP Holdings Pty Ltd as trustee for QPPHoldings (AJS) Trust.2)648,002 QRI Units registered in the name of Davtom Finance Pty Ltd
	Nature of changeExample: on-market trade,off-market trade, exercise ofoptions, issue of securitiesunderdividendreinvestmentplan,participation in buy-back		In response to the Policy change, this Appendix 3Y is being issued to notify of QRIUnits held by or on behalf of Andrew Schwartz.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3