QUALITAS LIMITED — Director's Dealing 2023

Apr 16, 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 Schwartz
Date of last notice	28 March 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 indirectinterest	Direct and Indirect interests
Nature of indirectinterest(including registeredholder)Note: Provide details of thecircumstances giving rise tothe relevant interest.	1) Ordinary shares in the Company (QAL Ordinary Shares) (registered in the nameof QPP 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 QALOrdinary Shares.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.Notified in accordance with a Company internal policy requiring directors of theCompany to provide notice of QRI Units held and changes to number of QRI Unitsheld.
Date of change	12 April 2023

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

No.ofsecuritiesheld prior to change	1) 66,830,066 fully paid QAL Ordinary Shares (44,553,377 of which remain subjectto the voluntary escrow arrangements outlined in section 7.7 of the Prospectusdated 29 November 2021) registered in the name of QPP Holdings Pty Ltd astrustee for QPP Holdings (AJS) Trust).2) 2,016,053 QAL Ordinary Shares registered in the name of Andrew Schwartz (theshares remain subject to a performance vesting period for the three-yearperformance period from 1 July 2022 to 30 June 2025).3) 1,247,145 QRI Units registered in the name of Davtom Finance Pty 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	32,123 QRI Units registered in the name of Davtom Finance Pty Ltd
Number disposed	Nil.
Value/ConsiderationNote: If consideration isnon-cash,providedetailsand estimated valuation	$1.44 per unit.
No.ofsecuritiesheld after change	1) 66,830,066 fully paid QAL Ordinary Shares (44,553,377 of which remain subjectto the voluntary escrow arrangements outlined in section 7.7 of the Prospectusdated 29 November 2021) registered in the name of QPP Holdings Pty Ltd astrustee for QPP Holdings (AJS) Trust).2) 2,016,053 QAL Ordinary Shares registered in the name of Andrew Schwartz (theshares remain subject to a performance vesting period for the three-yearperformance period from 1 July 2022 to 30 June 2025).3) 1,279,268 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	On-market purchase.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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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