REGION GROUP — Capital/Financing Update 2017

May 31, 2017

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1 June 2017

ASX ANNOUNCEMENT

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

SCP Prices $175m Medium Term Notes

SCA Property Group (ASX: SCP) (“SCP”) has priced $175 million of seven-year Medium Term Notes. Funds will be received from the issue of the Notes on Wednesday 7 June 2017. The Notes will pay a fixed rate of 3.943% per annum (paid semi-annually) until maturity in June 2024. The proceeds of the Notes will be used to repay bank debt, and to fund acquisitions.

Following the settlement of the Medium Term Notes, SCP will have a weighted average cost of debt of around 3.8% (up from 3.6% as at 31 December 2016), a weighted average debt maturity of 5.1 years (same as at 31 December 2016), an average fixed duration of 4.7 years (up from 4.3 years at 31 December 2016) with around 80% of SCP’s outstanding debt fixed (compared to 70% as at 31 December 2016).

We maintain our full year FY17 Funds From Operations (FFO) guidance of 14.6 cents per unit and full year Distribution guidance of 13.1 cents per unit.

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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