ALE Property : Notice of Annual General Meetings/Proxy Form Opens in a new Window

ALE Property Group, which is comprised of Australian Leisure and Entertainment Property Management Limited (the "Company") and Australian Leisure and Entertainment Property Trust (the "Trust"), will hold its Annual General Meeting ("AGM") of the shareholders of the Company and meeting of unitholders of the Trust at:

• 10.00 am Sydney Time (Registration will commence 9.45 am)

• Tuesday, 31 October 2017

• Sofitel Sydney Wentworth Hobart Room, Ground Floor

  61-101 Phillip Street, Sydney, NSW.

  The following documents have been mailed to stapled securityholders:

• Chairman's letter to stapled securityholders;

• Notice of meetings; and

• Proxy form.

A copy of each of the above documents is attached in accordance with Listing Rule 15.7.

- Ends -

Contact: Michael Clarke

Company Secretary

ALE Property Group

Tel: 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

Australian Leisure and Entertainment Property Management Limited‌‌

ABN 45 105 275 278

Australian Leisure and Entertainment Property Trust

ARSN 106 063 049

LEP

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CHAIRMAN'S LETTER

27 September 2017

Dear Stapled Securityholder,

The ALE Property Group comprises Australian Leisure and Entertainment Property Management Limited (the "Company") and the Australian Leisure and Entertainment Property Trust (the "Trust") and their controlled entities. Each stapled security in ALE Property Group comprises of one share in the Company and one unit in the Trust ("Stapled Security").

Enclosed with this letter is a notice of the Annual General Meeting of the shareholders of the Company and a meeting of the unitholders of the Trust ("Notice"). The meetings will be held concurrently at the Sofitel Sydney Wentworth Hotel, Hobart Room, Ground Floor, 61-101 Phillip Street Sydney on Tuesday, 31 October 2017 at 10.00 am Australian Eastern Daylight Time ("AEDT").

You may vote by attending the meetings in person or by proxy or a body corporate can appoint a corporate representative.

To vote in person, attend the meetings on 31 October 2017 at the Sofitel Sydney Wentworth Hotel. The meetings will commence at 10.00 am. Registration will commence at 9.45 am. If you are able to attend, please bring this letter with you to facilitate registration. We ask that if you plan to attend the meeting you arrive at least 10 minutes prior to the time designated for the meeting so that we may check your holding of Stapled Securities against our register and note your attendance.

Corporate Stapled Securityholders will be required to produce, prior to admission to the meeting, the appropriate "Certificate of Appointment of Corporate Representative" to evidence the appointment of the corporate representative. A form of the certificate may be obtained from ALE Property Group's Registry, Computershare.

To vote by proxy, please complete and sign the Proxy Form enclosed with the Notice as soon as possible and either:

• return the proxy form by post in the reply paid envelope; or

• send the proxy form by facsimile to Computershare Investor Services Pty Limited on facsimile number +61 3 9473 2555, so that it is received not later than 10.00 am (AEDT) on Sunday, 29 October 2017.

If the appointment is signed by an attorney, the power of attorney or a certified copy of it must be sent with the proxy form.

I sincerely hope that you will be able to join us at the meeting and take advantage of the opportunity to meet and speak with the Directors.

Yours sincerely

Robert Mactier

CHAIRMAN

Australian Leisure and Entertainment Property Management Limited

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MEETINGS OF

TICE

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ALE

INCOME

GROWTH OPPORTUNITIES

NOTICE OF MEETINGS

Australian Leisure and Entertainment Property Management Limited (ABN 45 105 275 278)

AND

Australian Leisure and Entertainment Property Trust (ARSN 106 063 049)

Notice is given that the Annual General Meeting of shareholders of Australian Leisure and Entertainment Property Management Limited (Company) and a meeting of the unitholders of Australian Leisure and Entertainment Property Trust (Trust) (together, ALE Property Group) will be held concurrently at the Sofitel Sydney Wentworth Hotel, Hobart Room, Ground Floor, 61-101 Phillip Street Sydney at 10.00 am Australian Eastern Daylight Time (AEDT) on Tuesday 31 October 2017 (the Meetings).

Please note that the item of Ordinary Business and the Resolutions should be read in conjunction with the Explanatory Memorandum which forms part of the Notice of Meeting.

Ordinary Business

Item 1 Receive 30 June 2017 financial reports - Company and Trust

To receive and consider the financial reports of ALE Property Group and the reports of the Directors and Auditor for the year ended 30 June 2017.

The following Resolutions are to be considered and, if thought fit, passed as ordinary Resolutions of the Company (and in the case of Resolutions 5 and 6, of the Trust as well):

Resolutions

Resolution 1 Re-election of Phillipa Downes as a Director

That Phillipa Downes, being a Director who retires in accordance with the ASX Listing Rules and Rule 44(a) of the Company's Constitution and, being eligible, offers herself for re-election, is re-elected as a Director of the Company.

The Directors (with Phillipa Downes abstaining) unanimously recommend that securityholders vote in favour of the re-election of Ms Downes.

Resolution 2 Re-election of Paul Say as a Director

That Paul Say, being a Director who retires in accordance with the ASX Listing Rules and Rule 44(a) of the Company's Constitution and, being eligible, offers himself for re-election, is re-elected as a Director of the Company.

The Directors (with Paul Say abstaining) unanimously recommend that securityholders vote in favour of the re-election of Mr Say.

Resolution 3 Election of Robert Mactier as a Director

That Robert Mactier, being a Director who was appointed by the Board since the last Annual General Meeting (AGM), retires in accordance with the ASX Listing Rules and Rule 43(b) of the Company's Constitution and, being eligible, offers himself for election, is elected as a Director of the Company.

The Directors (with Robert Mactier abstaining) unanimously recommend

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that securityholders vote in favour of the election of Mr Mactier.