RAM ESSENTIAL SERVICES PROPERTY FUND — Director's Dealing 2022

Mar 6, 2022

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: RAM Essential Services Property Fund (ASX: REP) (comprising the stapled group, RAM Australia Retail Property Fund (RARPF) and RAM Australia Medical Property Fund (RAMPF)) ARSN 634 136 682 and 645 964 601

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	Bryce Mitchelson
Date of last notice	26 October 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 indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	CARBRY INVESTMENTS PTY. LTD. ATF Carbry Family Trust – Bryce Mitchelson is the Sole Director of the trustee CARBRY INVESTMENTS PTY. LTD and a beneficiary of the Carbry Family Trust.
Date of change	A. 04/03/2022 B. 04/03/2022

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Mr Bryce Mitchelson & Ms Carolyn Mitchelson atf NO 2 A/C> (Bryce Mitchelson is a beneficiary of ET & R SUPER FUND NO 2 A/C) - 150,000 fully paid ordinary stapled securities.
Class	Units -fully paid ordinary stapled securities
Number acquired	A. 25,000units acquired by CARBRY INVESTMENTS PTY. LTD. ATF Carbry Family Trust B. 25,000 units acquired by CARBRY INVESTMENTS PTY. LTD. ATF Carbry Family Trust
Number disposed	NA

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A. $ 0.915000 per unit B. $ 0.915000 per unit
No. of securities held after change	Mr Bryce Mitchelson & Ms Carolyn Mitchelson atf A/C> (Bryce Mitchelson is a beneficiary of ET & R SUPER FUND NO 2 A/C) - 150,000 fully paid ordinary stapled securities. CARBRY INVESTMENTS PTY. LTD. ATF Carbry Family Trust – Bryce Mitchelson is the Sole Director of the trustee CARBRY INVESTMENTS PTY. LTD and a beneficiary of the Carbry Family Trust – 50,000 fully paid ordinary stapled securities
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	A. On Market Trade B. On Market Trade

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	NA
Nature of interest	NA
Name of registered holder (if issued securities)	NA
Date of change	NA
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	NA
Interest acquired	NA
Interest disposed	NA
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	NA

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest after change	NA
Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?		No
If so, was prior written clearance provided to allow the trade to proceed during this period?		No
If prior written clearance was provided, on what date was this provided?		NA

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011