QUALITAS LIMITED — Director's Dealing 2023

Jul 6, 2023

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 Fairley AM
Date of last notice	26 June 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.

Direct or indirect	Direct and indirect interests
interest
Nature of indirect	1) Ordinary shares in the Company (QAL Ordinary Shares) registered in the
interest	name of Boroko Pty Ltd as trustee for the Fairley Super Scheme and
(including registeredholder)Note: Provide details of the	Burnewang Holdings Pty Ltd as trustee for the Fairley Investment Trust.Relevant interest arising under section 608(3) of the Corporations Act 2001
circumstances giving rise to	(Cth) by virtue of the power to control the exercise of the right of Boroko
the relevant interest.	Pty Ltd as trustee for the Fairley Super Scheme and Burnewang Holdings
	Pty Ltd as trustee for the Fairley Investment Trust 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 Super
	Scheme and Goulburn Valley Broadcasters 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 Boroko Pty Ltd as trustee
	for the Fairley Super Scheme and Goulburn Valley Broadcasters Pty Ltd to
	vote and dispose of the securities.
	Notified in accordance with a Company internal policy requiring directors of
	the Company to provide notice of QRI Units held and changes to number of
	QRI Units held.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Date of change	1) 30 June 2023 (QAL Ordinary Shares)2) 3 July 2023, 5 July 2023 and 6 July 2023 (QRI Units)
No.ofsecuritiesheld prior to change	1) 20,000 QAL Ordinary Shares registered in the name of Boroko Pty Ltd astrustee for the Fairley Super Scheme.2) 187,400 QAL Ordinary Shares registered in the name of BurnewangHoldings Pty Ltd as trustee for the Fairley Investment Trust.3) 50,000 QAL Ordinary Shares registered in the name of Andrew Fairley AM.4) 142,729 QRI Units registered in the name of Boroko Pty Ltd as trustee forthe Fairley Super Scheme.5) 75,589 QRI Units registered in the name of Goulburn Valley BroadcastersPty Ltd.
Class	1) Ordinary Shares in the Company (QAL Ordinary Shares)2) Units in Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units)
Number acquired	1) 187,400 QAL Ordinary Shares registered in the name of Boroko Pty Ltd astrustee for the Fairley Super Scheme via off-market transfer fromBurnewang Holdings Pty Ltd as trustee for the Fairley Investment Trust.2) 142,015 QRI Units registered in the name of Goulburn Valley BroadcastersPty Ltd
Number disposed	187,400 QAL Ordinary Shares registered in the name of Burnewang Holdings PtyLtd as trustee for the Fairley Investment Trust via off-market transfer to BorokoPty Ltd as trustee for the Fairly Super Scheme.
Value/ConsiderationNote: If consideration isnon-cash, provide detailsand estimated valuation	1) $2.69 per QAL Ordinary Share2) $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) 217,604 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	1) Off-market transfer of QAL Ordinary Shares between controlled entities ofAndrew Fairley AM. There is no change in beneficial ownership of therelevant 187,400 QAL Ordinary Shares.2) On-market purchase of QRI Units.

• See chapter 19 for defined terms.

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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