RURAL FUNDS GROUP — Major Shareholding Notification 2016

Aug 8, 2016

Telstra Super Pty Ltd ABN 86 007 422 622 AFSL 236709

PO Box 14309 Melbourne, VIC, 8001

Telephone 03 9663 6000 Facsimile 03 9653 6090 Telstra Superannuation Scheme ABN 85 502 108 833

2001/003

09 August 2016

The Manager - Companies ASX Limited Level 45, South Tower, Rialto 525 Collins Street Melbourne VIC 3000

By facsimile: 1 300 135 638

Dear Sir's

Re: Notice of Change of Interest of Substantial Shareholder

We attach a form 604, Notice of Change of Interest of Substantial Shareholder, for your information.

Yours Faithfully

Owen Brailsford Chief Risk Officer

Enc.

$\frac{1}{2}$

$\mathop{}_{\textstyle\Gamma}$ $\frac{1}{4}$

÷

page 1/2 15 July 2001 604

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Rural Fands Sroup
ACN/ARSN	$0.77 + 92838$

1. Details of substantial holder(1)

Name	Telstra Super ffy Litd as trastee of Telstra Superannuation Scheme
ACN/ARSN (if applicable)		くてて 422
There was a change in the interests of the substantial holder on		29,0116

$24/1/15$

$04717.5$

The previous notice was given to the company on

1. Previous and present voting power

The previous notice was dated

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3)
In when last required, and when now r

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes!	Voting power (5)
	$ 0_{\epsilon}$ dinary shores $ 12, 315, 193 $	$7 - 9$	2013622	$-3$
.,

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

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
$ z_4 $ 67 16	Telstra Super	Rights issue roll 4,516, 943		prolinung shopes 3.062, 334	062,334

4. Present relevant interests

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

Ý.

Holder of relevant Interest	Realstered holder of securities	Parson antitiad to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
	Telstra Super if morgan Australia	Telsira Super	Surerannuation/Interfacent	᠇ ᡄ᠈ᠣᡃᠠ ᢋ ᠈ ᢠ	12,043,622

ŧ

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, coased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting linterests in the company or scheme are as follows:

6 Addressen

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

Nama
	Address
Telstra AUDUV	امساحا	Spring street melbourne	NL C
J.P. Morgeon Awstralio Nominees	⊢ocked –	Eag 20049 Melbourne VIC 3001

Signature

	print name OWEN BRAILSFORD	capacity
sign here		dete $9 / 8 / 15$ __

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an
  equity trust), the names could be included in an ame $(1)$ throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in personant B of the form.
• $\bigcirc$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $\boldsymbol{\Theta}$ See the definition of "relavant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $[5]$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ include datalls of
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, a copy of any
  document setting out the terms of any relevant agreement, and a statemen $\left( i\right)$
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to (b) which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(7)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom'e entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $^{(0)}$
• $\left( 9\right)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.