RURAL FUNDS GROUP — Director's Dealing 2014

Feb 23, 2014

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

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 30/9/2001.

Name of entity

Rural Funds Management Limited as Responsible Entity for Rural Funds Group ABN 65 077 492 838

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Guy Julian Paynter
Date of appointment	15 April 2010

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Nil

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest	Number & class of Securities
Note: Provide details of the circumstances giving rise to
the relevant interest.	351,833 units in Rural Funds Group
Boskenna Pty Ltd
(Guy Paynter is a director and major
shareholder of Boskenna Pty Ltd)
The Australian Wine Fund, Chicken
Income Fund and RiverBank were
merged to form the one fund Rural
Funds Group and the units were
revalued.
Prior to the revaluation and merger
Boskenna Pty Ltd held:
Australian Wine Fund Units: 493,432
Chicken Income Fund Units: 201,210

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

==> picture [406 x 155] intentionally omitted <==

----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)No. and class of securities towhich interest relates----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002