RURAL FUNDS GROUP — Director's Dealing 2017

Jun 29, 2017

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Revised Appendix 3Y

Change of 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 30/09/01 Amended 01/01/11

Name of entity Rural Funds Trust and RF Active a stapled entity trading as Rural Funds Group (ASX: RFF) ABN

RFM 65 077 492 838; Rural Funds Trust 58 916 212 858; RF Active 18 611 617 622

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	David Anthony Bryant
Date of last notice	2 February 2017

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	indirect
Nature of indirect interest	• DA & BM Bryant <BFS	Investment
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Trust> 404,537 units• DA & BM Bryant <BFS	Investment
	Trust #2> Nil units
	• Bryant Family Services Pty Ltd <BFS
	SuperannuationFund>	2,629,493
	units,
	• D Bryant ATF J Bryant 11,734 units
	• RuralFundsManagement		Ltd
	8,632,418 units
Date of change	30 June 2017
No. of securities held prior to change	9,554,878 units
Class	Ordinary units
Number acquired	2,123,304

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration	$1.70
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	11,678,182 units
Nature of change	Units issued under the Retail Entitlement
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation in	Offer
buy-back

Part 2 – Change of 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. Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade - to proceed during this period?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what date was this - provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3