RAM ESSENTIAL SERVICES PROPERTY FUND — Director's Dealing 2022

Feb 28, 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	Scott Gregory Wehl
Date of last notice	16 November 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.	National Nominees Limited as custodian for Equity Trustees Limited as responsible entity of RAM Property Securities Fund (Fund) by operation of section 608(1)(b) of the Corporations Act CERTANE CT PTY LTD as custodian for Real Asset Management Pty Limited as trustee for 188 ECT Capital Stable Fund (Fund 2) by operation of section 608(1)(b) of the Corporations Act
Date of change	A. 24/02/2022 B. 24/02/2022

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	National Nominees Limited as custodian for Equity Trustees Limited as responsible entity of RAM Property Securities Fund (Fund) by operation of section 608(1)(b) of the Corporations Act - 146,884,895 fully paid ordinary stapled securities. CERTANE CT PTY LTD as custodian for Real Asset Management Pty Limited as trustee for 188 ECT Capital Stable Fund (Fund 2) by operation of section 608(1)(b) of the Corporations Act – 9,401,092 fully paid ordinary stapled securities
Class	Units

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Number acquired	A. 500,000 units acquired by CERTANE CT PTY LTD as custodian for Real Asset Management Pty Limited B. 400,000 units acquired by National Nominees Limited as custodian for Equity Trustees Limited
Number disposed	NA
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A. $0.955 per unit B. $0.955 per unit

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

National Nominees Limited as custodian for Equity Trustees Limited as responsible entity of RAM Property Securities Fund (Fund) by operation of section 608(1)(b) of the Corporations Act - 147,284,895 fully paid ordinary stapled securities. CERTANE CT PTY LTD as custodian for Real Asset Management Pty Limited as trustee for 188 ECT Capital Stable Fund (Fund 2) by operation of section 608(1)(b) of the Corporations Act - 9,901,092 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
Interest after change	NA

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

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?	23 February 2022

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 5