RURAL FUNDS GROUP — Capital/Financing Update 2021

Jul 20, 2021

Announcement Summary

Entity name

RURAL FUNDS GROUP

Announcement Type

New announcement

Date of this announcement

Wednesday July 21, 2021

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
RFF	FULLY PAID UNITS STAPLED SECURITIES	17,585,211	22/07/2021

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

RURAL FUNDS GROUP

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

other

Registration number

Rural Funds Trust 58 916 212 858 and RF Active 18 611 617 622

1.3 ASX issuer code RFF

1.4 The announcement is

New announcement

1.5 Date of this announcement

21/7/2021

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date andTime	Announcement Title	Selected Appendix 3B to submit quotationrequest
08-Jul-2021 09:11	New - Proposed issue of securities -RFF	An accelerated offer (early retail)An accelerated offer (institutional)

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

Retail Entitlement Offer to close 5.00pm (AEST), Wednesday 28 July 2021.

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Early Retail Securities

ASX +security code and description

RFF : FULLY PAID UNITS STAPLED SECURITIES

Issue date

22/7/2021

Issue details

Number of +securities to be quoted
5,300,859
Issue currency	Issue price or consideration per +security
AUD - Australian Dollar	AUD 2.47000000
	Any other information the entity wishes to provide about the +securities to be quoted
The New Units will rank equally in all respects from their issue date.

Institutional Securities

ASX +security code and description RFF : FULLY PAID UNITS STAPLED SECURITIES

Issue date 22/7/2021

Issue details

Number of +securities to be quoted

12,284,352

Issue currency

Issue price or consideration per +security

AUD - Australian Dollar

AUD 2.47000000

Any other information the entity wishes to provide about the +securities to be quoted

The New Units will rank equally in all respects from their issue date.

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of+securities on issue
RFF : FULLY PAID UNITS STAPLED SECURITIES	357,485,767

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description

RFFAL : UNITS FULLY PAID DEFERRED 40,464,352

Total number of +securities on issue