REGION GROUP — Major Shareholding Notification 2016

Oct 26, 2016

Level 47, 120 Collins Street Ml!!llbourne VIC 3000 PO BQX 24011 Molbourno VIC 3001

T •613 9017 8800 F •8139017 8890 Freecall 1600 679 541 www.l1ggmaso11.oom.a.u

Legg Mason Aeeet Management Aue\r�lla Llml\ed, ABN 71;1 004 e,�ij e,4e, AFSL l\li.i, 240S27

LEGG MASON
GLOBAL ASSET MANAGEMENT

To:	ASX Company AnnouncementsPlatform		From: Legg Mason Asset ManagementAustralia Limited
	Fax: 1300 135 638		Fax: 03 9017 8665
Phone:			Phone: 03 9017 8653
Pages (Including cover): 10			Date: 25 October 2016
	Re: Submission of Form 604 re: SCAProperty Group
	D UrgentD For Review	D Please Comment	D Please Reply	D Please Recycle
	If you do not receive all pages, please telephone on ti13 9017 8600,This faK is confidential and may be privileged. If you are not the intended recipient, please take note that any disclosure,copying, distribution or use of lhe contents of this fax Is strlcily prohibited. F'leese notify the sender Immediately by telephone.

Notes:

Please find following Form 604: Notice of change of interest of substantial shareholder by Lagg

Mason Asset Management Australia Limited

Notice of change of interest of substantial shareholder		Form 604Corporations LawSection 671B
	SCA Property Group
To.	Level 5, 50 Pin Street
	Sydney NSW 2000
1.	Details of substantial shareholder
	Legg Mason Asset Management Limited (ABN 76 004 838 849) and each of the bodies corporate listed in Annexure A
	There was a change in the interests of the substantial holder on	21/10/2016
	The previous notice was given to the company on	1/09/2016
	The previous notice was dated	5/09/2016
2.	Previous and present voting power	5.02%

The total number of votes attached to all the voting shares in the company or voting interest in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give holding notice to the company or scheme, are as follows:

Class ofsecurities	Previous notice		Present notice
	Person's vote	Voting Power	Person's vote	Voting Power
Fully PaidOrdinary	36.884.702.00	5.02%	44,423,959.00	6.05%

$3.$ Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature of change	Considerationgiven inrelation tochange	Class and number of Person's votessecurities affected	affected
21/10/2016			Scc Annexure B

$\boldsymbol{4}$ Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevantinterest andRegistedholder ofsecurities	l Person entitled to belregistered as holder	Nature of relevant interest	Class andnumber ofsecuritiesaffected
See Annexure C

5. Changes in associates

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company of scheme are as follows:

Name and ACN/ABN (if applicable) Nature of association

$\overline{a}$

$\overline{\phantom{a}}$

l,

$\ddot{\phantom{a}}$

$6.$ Addresses

The addresses of the persons named in this form are as follows:

IName	Nature of association
Legg Mason Asset Managementl Australia Limited	[Level 47, 120 Collins Street, Melbourne VIC 3000]

$\ddot{\phantom{a}}$

$\ddot{\phantom{a}}$

Dated

25/10/2016

$\ell$

Rino Lupo Legg Mason Asset Management Australia Limited

$\omega_{\rm{max}}=0.05$

ANNEXURE A

Legg Mason, Inc. Subsidiaries

Name of Undertaking	Nature of Close Link
Legg Mason, Inc.	Parent Undertaking
Legg Mason & Co., LLC	Subsidiary of Parent Undertaking
Legg Mason Asset Management AustraliaLimited	Subsidiary of Parent Undertaking
Legg Mason Asset Management HongKong Limited	Subsidiary of Parent Undertaking
Legg Mason Asset Management (Japan)Co., Ltd.	Subsidiary of Parent Undertaking
Legg Mason Asset ManagementSingapore Pte. Limited	Subsidiary of Parent Undertaking
Legg Mason Charitable Foundation, Inc.	Subsidiary of Parent Undertaking
Legg Mason International Equities Limited	Subsidiary of Parent Undertaking
Legg Mason Investment Funds Limited	Subsidiary of Parent Undertaking
Legg Mason Investments (Europe) Limited	Subsidiary of Parent Undertaking
Legg Mason Investments (Ireland) Limited	Subsidiary of Parent Undertaking
Legg Mason Investments (Taiwan) Limited	Subsidiary of Parent Undertaking
Legg Mason Investments (Switzerland)GmbH	Subsidiary of Parent Undertaking
Legg Mason Holding (Switzerland) GmbH	Subsidiary of Parent Undertaking
Legg Mason Political Action Committee("PAC")	Subsidiary of Parent Undertaking
Legg Mason Towarzystwo Funduszy	Subsidiary of Parent Undertaking
Inwestycyjnych Spolka Akcyjna
Brandywine (UK) Holdings Limited
The Baltimore Company	Subsidiary of Parent Undertaking
Legg Mason & Co (UK) Limited	Subsidiary of Parent Undertaking
Legg Mason Canada Holdings Ltd	Subsidiary of Parent Undertaking
Legg Mason Commercial Real EstateServices, Inc.	Subsidiary of Parent Undertaking
Legg Mason Funding Ltd	Subsidiary of Parent Undertaking
Legg Mason Global Holdings Ltd	Subsidiary of Parent Undertaking
Legg Mason Holdings, LLC	Subsidiary of Parent Undertaking
Legg Mason International Holdings, LLC	Subsidiary of Parent Undertaking
Legg Mason International Holdings(Cayman) Limited	Subsidiary of Parent Undertaking
Legg Mason (Chile) Inversiones HoldingLimitada	Subsidiary of Parent Undertaking
Legg Mason Investments Holdings Limited	Subsidiary of Parent Undertaking
Legg Mason Investments NomineesLimited	Subsidiary of Parent Undertaking
Legg Mason Real Estate SecuritiesAdvisors, Inc.	Subsidiary of Parent Undertaking
Legg Mason Realty Group, Inc.	Subsidiary of Parent Undertaking
Legg Mason Realty Partners, Inc.	Subsidiary of Parent Undertaking
Legg Mason Tower, Inc.	Subsidiary of Parent Undertaking

$\Delta \sim 10^{11}$ km $^{-1}$

$\hat{\mathcal{L}}$

$\hat{\mathbf{r}}$

ANNEXURE A

$\ddot{\phantom{1}}$

LM BAM, Inc.	Subsidiary of Parent Undertaking
LM (BVI) Limited	Subsidiary of Parent Undertaking
LM Capital Support V, LLC	Subsidiary of Parent Undertaking
LM Holdings Limited	Subsidiary of Parent Undertaking
LM Holdings 2 Limited	Subsidiary of Parent Undertaking
LM International Holding LP	Subsidiary of Parent Undertaking
LM Tower, LLC	Subsidiary of Parent Undertaking
LMI Nominees Limited	Subsidiary of Parent Undertaking
Nova Scotia Company	Subsidiary of Parent Undertaking
Barrett Associates, Inc.	Subsidiary of Parent Undertaking
Brandywine Global Investment	Subsidiary of Parent Undertaking
Management, LLC
Brandywine Global Investment	Subsidiary of Parent Undertaking
Management (Canada), ULC
Brandywine Global Investment	Subsidiary of Parent Undertaking
Management (Europe) Limited
Brandywine Global Investment	Subsidiary of Parent Undertaking
Management (Asia) Pte. Limited
ClearBridge, LLC	Subsidiary of Parent Undertaking
ClearBridge Investments, LLC	Subsidiary of Parent Undertaking
ClearBridge Management Holdings LLC	Subsidiary of Parent Undertaking
Clarion Partners Holdings LLC	Subsidiary of Parent Undertaking
CP Intermediate Holdco, Inc.	Subsidiary of Parent Undertaking
Clarion Partners, LLC	Subsidiary of Parent Undertaking
Clarion Partners Europe, Ltd.	Subsidiary of Parent Undertaking
Clarlon REIM South America Holdings,	Subsidiary of Parent Undertaking
LLC
Clarlon REIM South America	Subsidiary of Parent Undertaking
Investimentos Imobiliarios LTDA
LM/Clarion I, LLC	Subsidiary of Parent Undertaking
LM/Clarion II, LLC	Subsidiary of Parent Undertaking
Legg Mason ClearBridge Holdings LLC	Subsidiary of Parent Undertaking
Legg Mason Fund Asset Management,Inc.	Subsidiary of Parent Undertaking
Legg Mason Investor Services, LLC	Subsidiary of Parent Undertaking
Legg Mason Partners Fund Advisor, LLC	Subsidiary of Parent Undertaking
Legg Mason Private Portfolio Group, LLC	Subsidiary of Parent Undertaking
LM Pelican Holdings, L.P.	Subsidiary of Parent Undertaking
LMM, LLC	Subsidiary of Parent Undertaking
LMOBC, Inc.	Subsidiary of Parent Undertaking
LMP Select, LLC	Subsidiary of Parent Undertaking
Martin Currie Investment Management	Subsidiary of Parent Undertaking
Limited
Martin Currie Fund Management Limited	Subsidiary of Parent Undertaking
Martin Currie Asia PTE Lirnited	Subsidiary of Parent Undertaking
Martin Currie Inc.	Subsidiary of Parent Undertaking
Permal Group Ltd	Subsidiary of Parent Undertaking

$\sim 10^{11}$ km $^{-1}$

Ċ,

$\overline{\phantom{a}}$

ANNEXURE A

Permal Group LLC	Subsidiary of Parent Undertaking
Permal Group Holdings LLC	Subsidiary of Parent Undertaking
Permal Capital Holdings LLC	Subsidiary of Parent Undertaking
Permal Capital Management, LLC	Subsidiary of Parent Undertaking
Permal UK Limited	Subsidiary of Parent Undertaking
Permal Cayman International LP	Subsidiary of Parent Undertaking
Permal MEP Cayman LP	Subsidiary of Parent Undertaking
EnTrustPermal Group Holdings LLC	Subsidiary of Parent Undertaking
EnTrustPermal LLC	Subsidiary of Parent Undertaking
QS Batterymarch Financial Management,	Subsidiary of Parent Undertaking
Inc.
QS Investors Fund Management, LLC	Subsidiary of Parent Undertaking
QS Investors Holdings, LLC	Subsidiary of Parent Undertaking
QS Investors, LLC	Subsidiary of Parent Undertaking
RARE Infrastructure Limited	Subsidiary of Parent Undertaking
RARE Infrastructure Finance Pty Limited	Subsidiary of Parent Undertaking
RARE Infrastructure (Sovereign Enterprise	Subsidiary of Parent Undertaking
No. 1) Pty Limited
RARE Infrastructure (Europe) Pty Limited	Subsidiary of Parent Undertaking
RARE Infrastructure (North America) Pty	Subsidiary of Parent Undertaking
Limited
RARE Holdings Pty Limited	Subsidiary of Parent Undertaking
RARE Infrastructure (UK) Limited	Subsidiary of Parent Undertaking
RARE Infrastructure USA, Inc.	Subsidiary of Parent Undertaking
Treasury RARE Holdings Pty Limited	Subsidiary of Parent Undertaking
RARE IP Trust	Subsidiary of Parent Undertaking
Legg Mason Australia Holdings PtyLimited	Subsidiary of Parent Undertaking
Legg Mason Royce Holdings, LLC	Subsidiary of Parent Undertaking
Royce & Associates, LP	Subsidiary of Parent Undertaking
Royce & Associates GP, LLC	Subsidiary of Parent Undertaking
Royce Fund Services, Inc.	Subsidiary of Parent Undertaking
Royce Management Company, LLC	Subsidiary of Parent Undertaking
Western Asset Management Company	Subsidiary of Parent Undertaking
Western Asset Management Company	Subsidiary of Parent Undertaking
Ltd- Japan
Western Asset Management Company	Subsidiary of Parent Undertaking
Limited-UK
Western Asset Management Company Pty	Subsidiary of Parent Undertaking
Ltd- Australia
Western Asset Management Company	Subsidiary of Parent Undertaking
Distribuidora de Titulos E Valores
Mobiliarios Limitada
Western Asset Management CompanyPte. Ltd.- Singapore	Subsidiary of Parent Undertaking
Batterymarch Asia GP, LTD	Subsidiary of Parent Undertaking
BGIM Capital Management, LLC	Subsidiary of Parent Undertaking

$\mathcal{L}^{\text{max}}(\mathcal{C})$ , where $\mathcal{C}$

ANNEXURE A

$\label{eq:2} \frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2}$

BMML, Inc.	Subsidiary of Parent Undertaking
Gray Seifert & Company, LLC	Subsidiary of Parent Undertaking
LM Asset Services, LLC	Subsidiary of Parent Undertaking
Martin Currie (Holdings) Limited	Subsidiary of Parent Undertaking
Martin Currie Limited	Subsidiary of Parent Undertaking
Martin Currie (Bermuda) Limited	Subsidiary of Parent Undertaking
China Healthcare GP Limited	Subsidiary of Parent Undertaking
China Development Capital GP Limited	Subsidiary of Parent Undertaking
Martin Currie Absolute Return Fund GPLimited	Subsidiary of Parent Undertaking
Moorgate Investment ManagementLimited (Dormant)	Subsidiary of Parent Undertaking
Martin Currie Trustees Limited (Dormant)	Subsidiary of Parent Undertaking
Pelican Holdings I, LLC	Subsidiary of Parent Undertaking
Pelican Holdings II, LLC	Subsidiary of Parent Undertaking
Permal Group Holdings Ltd.	Subsidiary of Parent Undertaking
Permal Group SAS	Subsidiary of Parent Undertaking
LM Cayco Ltd	Subsidiary of Parent Undertaking
Permal Investment Management ServicesLimited	Subsidiary of Parent Undertaking
Permal (Hong Kong) Ltd.	Subsidiary of Parent Undertaking
Permal Pte. Ltd.	Subsidiary of Parent Undertaking
Permal (Isle of Man) Ltd.	Subsidiary of Parent Undertaking
Permal Business Consulting (Shanghai)Ltd.	Subsidiary of Parent Undertaking
Permal Business Consulting (Beijing) Co.,Ltd.	Subsidiary of Parent Undertaking
The St. James Bank & Trust Co. Ltd.	Subsidiary of Parent Undertaking
SJBTC Ltd.	Subsidiary of Parent Undertaking
W & P Fund Services Ltd.	Subsidiary of Parent Undertaking
Saintco Ltd.	Subsidiary of Parent Undertaking
Permal (PGI) LLC	Subsidiary of Parent Undertaking
Permal Asset Management LLC	Subsidiary of Parent Undertaking
Permal GP, LLC	Subsidiary of Parent Undertaking
Precidian Investments, LLC	Subsidiary of Parent Undertaking
Western Asset Holdings (Australia) PtyLtd.	Subsidiary of Parent Undertaking
Western Asset Management (Cayman)Holdings Limited	Subsidiary of Parent Undertaking
Western Asset Management (UK)Holdings Limited	Subsidiary of Parent Undertaking
Western Asset Management (Brazil)Holdings Limitada	Subsidiary of Parent Undertaking
EnTrustPermal Partners Holdings LLC	Subsidiary of Parent Undertaking
EnTrustPermal Partners LLC	Subsidiary of Parent Undertaking
EnTrust Permal FOF Management GPLLC	Subsidiary of Parent Undertaking

÷.

$\bullet$

÷.

ANNEXURE A

EnTrust Capital Management LP	Subsidiary of Parent Undertaking
EnTrust Securities LLC	Subsidiary of Parent Undertaking
EnTrust Partners Offshore LLC	Subsidiary of Parent Undertaking
EnTrust Partners Offshore LP	Subsidiary of Parent Undertaking
EnTrust Focus Partners LP	Subsidiary of Parent Undertaking
EnTrust Investment Management Pte. Ltd.	Subsidiary of Parent Undertaking
EnTrust Capital (UK) LLP	Subsidiary of Parent Undertaking
EnTrust Middle East Ltd.	Subsidiary of Parent Undertaking

$\sim$ $-$

$\mathbf{S}=\mathbf{C}$

Annexure B

$\hat{\mathcal{L}}$

Legg Mason Asset Management Australia LimitedSKI Transactions from 09/11/14 - 01/09/2016

Trade date	Trade	Consideration	Quantity	Class
24/10/2016	в	50617	22744	Ordinary Shares
21/10/2016	в	246826	110348	Ordinary Shares
21/10/2016	B	114236	51071	Ordinary Shares
20/10/2016	В	874903	388190	Ordinary Shares
20/10/2016	В	404918	179660	Ordinary Shares
17/10/2016	B	435987	197083	Ordinary Shares
14/10/2016	в	25943	11530	Ordinary Shares
7/10/2016	B	466418	214692	Ordinary Shares
7/10/2016	в	803019	369629	Ordinary Shares
7/10/2016	B	25870	11908	Ordinary Shares
6/10/2016	В	249593	113824	Ordinary Shares
6/10/2016	B	429721	195969	Ordinary Shares
4/10/2016	В	30075	13330	Ordinary Shares
3/10/2016	B	844739	373217	Ordinary Shares
30/09/2016	в	392452	174462	Ordinary Shares
30/09/2016	$, {\bf B}$	877341	391705	Ordinary Shares
29/09/2016	В	577348	256508	Ordinary Shares
28/09/2016	B	129409	57661	Ordinary Shares
28/09/2016	В	463824	206208	Ordinary Shares
27/09/2016	B	826120	370524	Ordinary Shares
23/09/2016	В	419512	191558	Ordinary Shares
21/09/2016	В	1090000	500,000	Ordinary Shares
21/09/2016	B	1139923	522158	Ordinary Shares
21/09/2016	B	174432	79879	Ordinary Shares
21/09/2016	В	370299	168609	Ordinary Shares
16/09/2016	В	506593	233690	Ordinary Shares
16/09/2016	B	669881	309014	Ordinary Shares
7/09/2016	B	596942	262727	Ordinary Shares
6/09/2016	B	31815	13812	Ordinary Shares
6/09/2016	в.	123660	53686	Ordinary Shares
5/09/2016	в	607546	264461	Ordinary Shares
5/09/2016	В	156311	68041	Ordinary Shares
5/09/2016	в	1004571	436827	Ordinary Shares
5/09/2016	В	258459	112388	Ordinary Shares
2/09/2016	В	177604	77401	Ordinary Shares
2/09/2016	В	558180	243258	Ordinary Shares

$\hat{\mathbf{y}}$ , $\hat{\mathbf{r}}$ , $\hat{\mathbf{r}}$ , $\hat{\mathbf{r}}$

Annexure C

$\mathcal{L}(\mathcal{A})$ .

Holder of relevantinterest and Registedholder of securities	Person entitled tobe registered asholder	Nature of relevantinterest	Class and numberof securities affected
Legg Mason AssetManagementAustralia Limited	Citi	Register andbeneficial holder	37,983,226.00 Fully Paid ordinary
Legg Mason AssetManagementAustralia Limited	RBC	Register andbeneficial holder	2,640,863.00 Fully Paid ordinary
Legg Mason AssetManagementAustralia Limited	BBH	Register andbeneficial holder	2,123,602.00 Fully Paid ordinary
Legg Mason AssetManagementAustralia Limited	BNP	Register andbeneficial holder	140,803.00 Fully Paid ordinary
Legg Mason AssetManagementAustralia Limited	BNYM	Register andbeneficial holder	739,328.00 Fully Paid ordinary
Legg Mason AssetManagementAustralia Limited	NCS	Register andbeneficial holder	481,908.00 Fully Paid ordinary
Legg Mason AssetManagementAustralia Limited	NT	Register andbeneficial holder	314,229.00 Fully Paid ordinary