REGION GROUP — Capital/Financing Update 2018

Jan 28, 2018

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

SCA Property Group being Shopping Centres Australasia Property Group RE Limited (SCA RE) as responsible entity of Shopping Centres Australasia Property Management Trust (SCA MT) and Shopping Centres Australasia Property Retail Trust (SCA RT)

ABN

SCA RE: ABN 47 158 809 851

SCA MT: ARSN 160 612 626

SCA RT: ARSN 160 612 788

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1	+Classof +securitiesissued or tobe issued	Fully paid ordinary stapled securities.
2	Number of +securitiesissued ortobeissued(ifknown)ormaximumnumberwhichmaybe issued	2,865,747 stapled securities
3	Principaltermsofthe+securities(e.g.ifoptions,exercise price and expiry date; if+securities,partlypaidtheamountoutstandingandduedatesforpayment;if+convertiblesecurities,theconversion price and dates forconversion)	Fully paid ordinary stapled securities in SCAProperty Group (each comprising one unitin SCA MT and one unit in SCA RT).

+ See chapter 19 for defined terms.

4	Do the +securitiesrank equallyin all respects from the +issuedate with an existing +classofquoted +securities?	Yes.
	If the additional +securitiesdonot rank equally, please state:the date from which they dotheextenttowhichtheyparticipateforthenextdividend, (in the case of atrust,distribution)orinterest paymentthe extent to which they donot rank equally, other thaninrelationtothenextdividend,distributionorinterest payment
5	Issue price or consideration	$2.25
6	Purpose of the issue(If issuedas consideration forthe acquisition of assets, clearlyidentify those assets)	Securities were issued under the terms ofthe distribution reinvestment plan for thedistributionforthehalfyearended31December 2017

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6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b – 6h

in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

• 6b The date the security holder resolution under rule 7.1A was passed

• 6c Number of +securities issued without security holder approval under rule 7.1

• 6d Number of +securities issued with security holder approval under rule 7.1A

• 6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

• 6f Number of +securities issued under an exception in rule 7.2

• 6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.

• 6h If +securities were issued under rule 7.1A for non‐cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

• 6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements

• See chapter 19 for defined terms.

Not applicable.

No.

Not applicable.

Not applicable.

Not applicable.

2,865,747 stapled securities

Not applicable.

Not applicable.

Not applicable.

7 +Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

29 January 2018

		Number	+Class
8	+classNumberandofall+securitiesquotedonASX+securities(includingtheinsection 2 if applicable)	746,288,688	Fully paid ordinarysecurities
		2,865,747	Securities issuedpursuant todistributionreinvestment plan
		749,154,435	Closing ordinarystapled security balance
		Number	+Class
9	+classNumberandofall+securitiesnot quoted on ASX+securities(includingtheinsection 2 if applicable)	Nil	Nil

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

There is no change in the distribution policy.

Part 2 - Pro rata issue

11	Issecurityholderapprovalrequired?	Not applicable.
12	Is the issue renounceable or non‐renounceable?	Not applicable.
13	+securitiesRatioinwhichthewill be offered	Not applicable.
14	+Classof +securitiesto which theoffer relates	Not applicable.
15	+Recorddatetodetermineentitlements	Not applicable.

16	Willholdingsondifferentregisters(orsubregisters)beaggregatedforcalculatingentitlements?	Not applicable.
17	Policy for deciding entitlementsin relation to fractions	Not applicable.
18	Names of countries in which theentity has security holders whowillnotbesentnewofferdocumentsNote: Security holders must be told how theirentitlements are to be dealt with.Cross reference: rule 7.7.	Not applicable.
19	Closingdateforreceiptofacceptances or renunciations	Not applicable.
20	Names of any underwriters	Not applicable.
21	Amount of any underwriting feeor commission	Not applicable.
22	Namesofanybrokerstotheissue	Not applicable.
23	Feeorcommissionpayabletothe broker to the issue	Not applicable.
24	Amountofanyhandlingfeepayabletobrokerswholodgeacceptances or renunciations onbehalf of security holders	Not applicable.
25	Iftheissueiscontingentonsecurityholders'approval,thedate of the meeting	Not applicable.
26	Date entitlement and acceptanceform and offer documents will besent to persons entitled	Not applicable.
27	If the entity has issued options,andthetermsentitleoptionholderstoparticipateonexercise,thedateonwhichnoticeswillbesenttooptionholders	Not applicable.

+ See chapter 19 for defined terms.

28	Date rights trading will begin (ifapplicable)	Not applicable.
29	Date rights trading will end (ifapplicable)	Not applicable.
30	Howdosecurityholdersselltheir entitlements in full througha broker?	Not applicable.
31	How do security holders sell partof their entitlements through abrokerandacceptforthebalance?	Not applicable.
32	How do security holders disposeof their entitlements (except bysale through a broker)?	Not applicable.
33	+Issuedate	Not applicable.

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of +securities (tick one)

(a) +Securities described in Part 1

(b) All other +securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
• 36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 ‐ 1,000 1,001 ‐ 5,000

5,001 ‐ 10,000
10,001 ‐ 100,000
100,001 and over

37 A copy of any trust deed for the additional +securities

Entities that have ticked box 34(b)

38	Number of +securitiesfor which+quotationis sought	Not applicable.
39	+Class+securitiesofforwhichquotation is sought	Not applicable.
40	Do the +securitiesrank equally inall respects from the +issuedatewith an existing +classof quoted+securities?+securitiesIftheadditionaldonot rank equally, please state:the date from which they dotheextenttowhichtheyparticipateforthenextdividend,(inthecaseofatrust, distribution) or interestpaymentthe extent to which they donot rank equally, other than inrelation to the next dividend,distributionorinterestpayment	Not applicable.
41	Reason for request for quotationnowExample: In the case of restricted securities, endof restriction period(ifissueduponconversionofanother +security,clearly identifythat other +security)	Not applicable.
		Number	+Class

+ See chapter 19 for defined terms.

42 Number and +class of all +securities quoted on ASX (including the +securities in clause 38) Not applicable. Not applicable.

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
• 2 We warrant the following to ASX.
  • The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
  • There is no reason why those +securities should not be granted +quotation.
  • An offer of the + securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no‐one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• 4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: ............................................................Date: 29 January 2018 (Director/Company secretary)

Print name: Mark John Lamb

Appendix 3B – Annexure 1

== == == == ==

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introduced 01/08/12 Amended 04/03/13

Part 1

Rule 7.1 – Issues exceeding 15% of capital
	Step 1: Calculate "A", the base figure from which the placement capacity is calculated
Insert number of fully paid +ordinarysecurities on issue 12 months before the+issue date or date of agreement to issue	Not applicable.
Add the following:
Number of fully paid +ordinary securities•issued in that 12 month period under anexception in rule 7.2	Not applicable.
Number of fully paid +ordinary securities•issued in that 12 month period withshareholder approval
Number of partly paid +ordinary•securities that became fully paid in that12 month period
Note:•Include only ordinary securities here –other classes of equity securities cannotbe added•Include here (if applicable) thesecurities the subject of the Appendix3B to which this form is annexed•It may be useful to set out issues ofsecurities on different dates as separateline items
Subtract the number of fully paid +ordinarysecurities cancelled during that 12 monthperiod	Not applicable.
"A"

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+ See chapter 19 for defined terms.

Step 2: Calculate 15% of "A"
"B"	0.15
	[Note: this value cannot be changed]
Multiply "A" by 0.15	Not applicable.
Step 3: Calculate "C", the amount of placement capacity under rule7.1 that has already been used
Insert number of +equity securities issuedor agreed to be issued in that 12 monthperiod not counting those issued:	Not applicable.
•Under an exception in rule 7.2
•Under rule 7.1A
•With security holder approval under rule7.1 or rule 7.4
Note:•This applies to equity securities, unlessspecifically excluded – not just ordinarysecurities•Include here (if applicable) thesecurities the subject of the Appendix3B to which this form is annexed•It may be useful to set out issues ofsecurities on different dates as separateline items
"C"	Not applicable.
Step 4: Subtract "C" from ["A" x "B"] to calculate remainingplacement capacity under rule 7.1
"A" x 0.15	Not applicable.
Note: number must be same as shown inStep 2
Subtract "C"	Not applicable.
Note: number must be same as shown inStep 3
Total ["A" x 0.15] – "C"	Not applicable.

Part 2

Rule 7.1A – Additional placement capacity for eligible entities
Step 1: Calculate "A", the base figure from which the placement capacity iscalculated
"A"	Not applicable.
Note: number must be same as shown inStep 1 of Part 1
Step 2: Calculate 10% of "A"
"D"	0.10
	Note: this value cannot be changed
Multiply "A" by 0.10	Not applicable.
Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that hasalready been used
Insert number of +equity securities issuedor agreed to be issued in that 12 monthperiod under rule 7.1A	Not applicable.
Notes:•This applies to equity securities – notjust ordinary securities•Include here – if applicable – thesecurities the subject of the Appendix3B to which this form is annexed•Do not include equity securities issuedunder rule 7.1 (they must be dealt within Part 1), or for which specific securityholder approval has been obtained•It may be useful to set out issues ofsecurities on different dates as separateline items
"E"	Not applicable.

+ See chapter 19 for defined terms.

Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacityunder rule 7.1A
"A" x 0.10	Not applicable.
Note: number must be same as shown inStep 2
Subtract "E"	Not applicable.
Note: number must be same as shown inStep 3
Total ["A" x 0.10] – "E"	Not applicable.Note: this is the remainingplacement capacity under rule 7.1A