REGION GROUP — Capital/Financing Update 2017

Jun 25, 2017

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26 June 2017

ASX ANNOUNCEMENT

Level 5, 50 Pitt Street Sydney NSW 2000 Tel: (02) 8243 4900 Fax: (02) 8243 4999 www.scaproperty.com.au

June 2017 Property Valuations - Portfolio Update

On 16 June 2017, SCA Property Group (ASX: SCP) (“SCP”) announced that the value of its investment properties as at June 2017 was $2,318.3 million, implying a weighted average portfolio capitalisation rate of 6.48%.

Today, SCP acquired the Worongary Town Centre for $46.3 million, at a capitalisation rate of 6.00%. The centre is located in the established Gold Coast QLD suburb of Worongary, 15km south-west of Surfers Paradise just off the M1 Motorway. The centre comprises 6,900 sqm GLA anchored by a 3,000 sqm Coles supermarket (in turnover rent). At present there is one specialty vacancy (70sqm) which is subject to a 12 month rental guarantee.

Together with Clemton Park in Sydney NSW (valued at $55.5 million at a capitalisation rate of 6.00%) and Mudgeeraba Market Shopping Centre on the Gold Coast QLD ($35.8 million at a capitalisation rate of 6.00%), total acquisitions in the six month period have added $137.6 million to our portfolio valuation. These acquisitions have been partially funded by the divestment of two properties to SURF 2 for $54.9 million, being Katoomba Marketplace ($44.7 million at a capitalisation rate of 6.50%) and Mittagong Village ($10.2 million at a capitalisation rate of 6.25%). These acquisitions and divestments are consistent with our strategy of investing in high quality neighbourhood shopping centres and divesting lower growth non-core freestanding centres.

The Worongary acquisition will bring the total value of SCP’s investment properties as at 30 June 2017 up to $2,364.6 million, implying a weighted average portfolio capitalisation rate of 6.47%.

ENDS

Media, Institutional investor and analyst, contact:

Mark Fleming Chief Financial Officer SCA Property Group (02) 8243 4900

Unitholders should contact SCP Information Line on 1300 318 976 with any queries.

Shopping Centres Australasia Property Group RE Limited ABN 47 158 809 851 AFS Licence 426603 as responsible entity of the Shopping Centres Australasia Property Retail Trust ARSN 160 612 788 and as responsible entity of the Shopping Centres Australasia Property Management Trust ARSN 160 612 626

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