QUALITAS LIMITED — Director's Dealing 2023

Jul 10, 2023

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 Fairley AM
Date of last notice	7 July 2023

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.

Directorindirect	Direct and indirect interests
interestNatureofindirectinterest(including registeredholder)Note: Provide details of thecircumstances giving rise tothe relevant interest.	1)Ordinary shares in the Company (QAL Ordinary Shares) registered in thename of Boroko Pty Ltd as trustee for the Fairley Super Scheme. Relevantinterest arising under section 608(3) of the Corporations Act 2001 (Cth) byvirtue of the power to control the exercise of the right of Boroko Pty Ltd astrustee for the Fairley Super Scheme to vote and dispose of the securities.
	2)Units in the Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units)registered in the name of Boroko Pty Ltd as trustee for the Fairley SuperScheme and Goulburn Valley Broadcasters Pty Ltd. Relevant interestarising under section 608(3) of the Corporations Act 2001 (Cth) by virtue ofthe power to control the exercise of the right of Boroko Pty Ltd as trusteefor the Fairley Super Scheme and Goulburn Valley Broadcasters Pty Ltd tovote and dispose of the securities.
	Notified in accordance with a Company internal policy requiring directors ofthe Company to provide notice of QRI Units held and changes to number ofQRI Units held.
Date of change	7 July 2023 and 10 July 2023 (QRI Units)

+ See chapter 19 for defined terms.

No.ofsecuritiesheld prior to change	1)207,400 QAL Ordinary Shares registered in the name of Boroko Pty Ltd astrustee for the Fairley Super Scheme.2)50,000 QAL Ordinary Shares registered in the name of Andrew Fairley AM.3)142,729 QRI Units registered in the name of Boroko Pty Ltd as trustee forthe Fairley Super Scheme.4)217,604 QRI Units registered in the name of Goulburn Valley BroadcastersPty Ltd.
Class	Units in Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units)
Number acquired	33,635 QRI Units registered in the name of Goulburn Valley Broadcasters PtyLtd.
Number disposed	Nil.
Value/ConsiderationNote: If consideration isnon-cash, providedetailsand estimated valuation	$1.48 per QRI Unit
No.ofsecuritiesheld after change	1)207,400 QAL Ordinary Shares registered in the name of Boroko Pty Ltd astrustee for the Fairley Super Scheme.2)50,000 QAL Ordinary Shares registered in the name of Andrew Fairley AM.3)142,729 QRI Units registered in the name of Boroko Pty Ltd as trustee forthe Fairley Super Scheme.4)251,239 QRI Units registered in the name of Goulburn Valley BroadcastersPty Ltd.
Nature of changeExample: on-market trade,off-market trade, exercise ofoptions, issue of securitiesunderdividendreinvestmentplan,participation in buy-back	On-market purchase of QRI Units.

+ See chapter 19 for defined terms.

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 inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed periodwhere prior written
clearance was required?
If so, was prior written clearance provided to allow the	N/A
trade to proceed during this period?
If prior written clearance was provided, on what date was	N/A
this provided?

+ See chapter 19 for defined terms.