RURAL FUNDS GROUP — Capital/Financing Update 2015

Mar 17, 2015

Rural Funds Group (RFF)

Rural Funds Management Ltd
ABN 65 077 492 838
AFSL 226701

Level 2, 2 King Street Deakin ACT 2600 Locked Bag 150 Kingston ACT 2604

P 02 6203 9700

F 02 6268 5768
F 02 6281 5077
E management@ruralfunds.com.au

W www.ruralfunds.com.au

18 March 2015

ASX Release

Subject: Institutional Placement - Cleansing Notice under section 1012DA(5)(e) of the Corporations Act 2001 (Cth) - Rural Funds Group (ASX:RFF)

Rural Funds Management Limited ABN 65 077 492 838 (RFM) (AFSL No. 226701) in its capacity as responsible entity of Rural Funds Trust ARSN112 951 578 and RF Active ARSN 168 740 805 (collectively Rural Funds Group (RFF)) has today issued 7,143,000 fully paid stapled securities (New Units) at a price of \$1.05 to raise approximately \$7,500,000 by way of a placement to institutional and sophisticated investors (Placement) as outlined in the RFF announcement on 10 March 2015.

RFM has issued the New Units without disclosure to investors under section 1012DA(5)(e) of the Corporations Act 2001 (Cth)(Corporations Act).

Details of New Units issued

Class of securities: Fully paid stapled securities ASX code of the New Units: RFF Date of the issue of the New Units: 18 March 2015 Total number of New Units issued: 7,143,000

Rural Funds Management Ltd
ABN 65 077 492 838
AFSI, 226701 Level 2, 2 King Street Deakin ACT 2600
Locked Bag 150 Kingston ACT 2604

P 02 6203 9700 F 02 6281 5077

E management@ruralfunds.com.au

For the purposes of section 1012DA(6) Corporations Act, RFM advises:

the New Units will be issued without a product disclosure $a)$ statement to investors under Part 7.9 of the Corporations Act;

this Notice is given under section 1012DA(5)(e) Corporations Act b) as notionally modified by CO 08/35;

as a disclosing entity, RFM is subject to regular reporting and disclosure obligations; $\mathbf{c}$

• as at the date of this Notice, RFM has complied with: d)
• the provisions of Chapter 2M Corporations Act as they apply to RFF; and i.
• ij. section 674 Corporations Act as that section , applies to RFF; and
• as at the date of this Notice, there is no excluded information of the type referred to in section $\epsilon$ 1012DA(7) and 1012DA(8) Corporations Act as notionally modified by CO 08/35 in relation to RFF.

Signed

Andrea Lemmon Company Secretary

About Rural Funds Group (RFF)

RFF owns a diversified portfolio of high quality Australian agricultural assets. RFF's investment objective is to generate a stable income stream derived from leasing its assets to suitable counterparts and capital growth through any appreciation in the value of those assets. RFF is a stapled security, incorporating Rural Funds Trust (ARSN 112 951 578) and RF Active (ARSN 168 740 805), trading under the ASX code 'RFF'. Rural Funds Management Ltd (RFM) is the responsible entity of RFF.

For further information:	For media enquiries:	For investor relations enquiries :
David Bryant	Stuart Waight	James Powell
Managing Director	Chief Operating Officer	Investor Relations & Distribution Manager
Rural Funds Management	Rural Funds Management	Rural Funds Management
T 02 6203 9700	T0419126689	T 0420 279 374
E DBryant@ruralfunds.com.au	E SWaight@ruralfunds.com.au	E JPowell@ruraifunds.com.au