VICINITY CENTRES TRUST — Capital/Financing Update 2017

Apr 18, 2017

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ASX Announcement

19 April 2017

Vicinity prices $400 million of medium term notes

Vicinity Centres (Vicinity, ASX:VCX) today announces that it has priced $200 million of 7 year and $200 million of 10 year Australian dollar fixed rate medium term notes under its recently established Australian debt issuance programme (Notes). Subject to satisfaction of customary conditions precedent, settlement of the issue of the Notes is expected to occur on 26 April 2017.

The unsecured guaranteed Notes were priced with a coupon of 3.50% and 4.00% for the 7 year and the 10 year Notes respectively.

Mr Richard Jamieson, Chief Financial Officer, said: “We are pleased with the ongoing support of Vicinity from both domestic and Asian bond investors which has resulted in competitive pricing for our Notes and extends the duration of our financing facilities.”

Proceeds of the issue will be used to repay existing bank facilities and for general corporate purposes.

National Australia Bank Limited and Westpac Banking Corporation acted as joint lead managers for the issue.

ENDS

For further information please contact:

Penny Berger

Head of Investor Relations

T +61 2 8229 7760

E penny.berger@vicinity.com.au

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About Vicinity Centres

Vicinity Centres (Vicinity or the Group) is one of Australia’s leading retail property groups with a fully integrated asset management platform, and over $24 billion in retail assets under management across 85 shopping centres, making it the second largest listed manager of Australian retail property. The Group has a Direct Portfolio with interests in 75 shopping centres (including the DFO Brisbane business) and manages 36 assets on behalf of Strategic Partners, 26 of which are co-owned by the Group. Vicinity is listed on the Australian Securities Exchange (ASX) under the code ‘VCX’ and has approximately 24,000 securityholders. Vicinity also has European medium term notes listed on the ASX under the code ‘VCD’. For more information visit the Group’s website vicinity.com.au, or use your smartphone to scan this QR code.

Vicinity Centres

National Office Level 4, Chadstone Tower One 1341 Dandenong Road T +61 3 7001 4000 PO Box 104 F +61 3 7001 4001 Chadstone VIC 3148 vicinity.com.au

Vicinity Limited ABN 90 114 757 783 and Vicinity Centres RE Ltd ABN 88 149 781 322 As responsible entity for: Vicinity Centres Trust ARSN 104 931 928