ASX ANNOUNCEMENT

6 June 2018

Announcement No. 04/18

Corporate Announcement Office Australian Securities Exchange

Expected Distribution for Half Year Ending 30 June 2018

Half Year Distribution

The directors of listed property trust and management company, ALE Property Group (ASX code: LEP) is pleased to announce an expected distribution of 10.45 cents per stapled security for the half year to 30 June 2018. The distribution comprises:

Trust Distribution

10.45 cents per unit

Company Dividend

0.00 cents per share

Total Stapled Security Distribution

10.45 cents per security

The distribution is estimated to be 100% tax deferred but this will be confirmed before the distribution payment on 5 September 2018. In line with previous guidance, distributions for future years are not expected to be 100% tax deferred.

Key dates for the half year ending 30 June 2018 are:

Ex-Entitlement Date

28 June 2018

Record Date

29 June 2018

Expected Announcement of Results

8 August 2018

Payment Date

5 September 2018

Full Year Distribution

The total distribution of 20.80 cents per security for the full year ending 30 June 2018 is in line with the Board's previous guidance. As previously announced, the Board will also give consideration to our distribution policy or other capital management initiatives following the conclusion of the 2018 rent review process and its implications for the uncapped 2028 review.

- Ends -

Contact:

Andrew Wilkinson Managing Director ALE Property Group

02 8231 8588

Website:www.alegroup.com.au

Australian Leisure and Entertainment Property Management Limited ABN 45 105 275 278 Australian Leisure and Entertainment Property Trust ARSN 106 063 049

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Disclaimer

ALE Property Group published this content on 06 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 June 2018 04:57:01 UTC