Inactive Instrument

ALE PROPERTY TST

Equities

LEP

AU000000LEP0

Australian Leisure & Entrtmt Pty Mgt Ltd : ALE substantially completes on-market acquisitions for DRP

January 28, 2014 at 05:44 pm EST

MarketScreener.com By The editorial team

ASX ANNOUNCEMENT Announcement No. 3/14 The Manager Australian Securities Exchange 29 January 2014 ALE substantially completes on-market acquisition of securities on behalf Distribution Reinvestment Plan (DRP) participants Highlights

 1.4 million stapled securities acquired on 24 January at $2.87 per security.

 Buyback to remain open until closing date or until all DRP securities are acquired.

 Acquisition of securities delivers positive impact on FY14 and future year's distributable profit per security.

Distribution Reinvestment Plan

ALE Property Group (ASX Code LEP) announced today that on 24 January 2014,
1.4 million stapled securities had been acquired on behalf of DRP participants in a block trade at $2.87 per security. This trade was funded by ALE's existing cash reserves. This brings the total number of stapled securities purchased on behalf of DRP participants to approximately 1.65 million.
ALE has now substantially completed the on-market acquisition of stapled securities required to supply the DRP for the 5 March 2014 distribution. Approximately a further 85,000 stapled securities are required to complete the full requirements for the DRP and these are expected to be acquired on behalf of DRP participants before the distribution is paid.
The acquisition of securities to fund the DRP will have a positive impact on the distributable profit per security in the current year and future years as a limited number (if any) of securities will be issued to supply the upcoming DRP.

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

Australian Leisure and Entertainment Property Trust ARSN 106 063 049

The final DRP Price will be determined on 31 January 2014 following the 20 day pricing period. The DRP price will not be materially impacted by this trade.
- 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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Company Profile

ALE Property Group is the owner of a portfolio of freehold pub properties. The Company's portfolio includes approximately 82 pub properties across over five mainland states of Australia. The Company's segment is ALE Strategic Business Unit. The Company's properties in New South Wales include Colyton Hotel, Colyton; New Brighton Hotel, Manly, and Pioneer Tavern, Penrith. Its properties in Queensland include Camp Hill Hotel, Camp Hill; Edge Hill Tavern, Manoora; Hamilton Hotel, Hamilton; Lawnton Tavern, Lawnton; Mount Pleasant Tavern, Mackay, and Palm Beach Hotel, Palm Beach. Its properties in South Australia include Eureka Tavern, Salisbury; Finsbury Hotel, Woodville North; Hendon Hotel, Royal Park, and Stockade Tavern, Salisbury. Its properties in Victoria include Blue Bell Hotel, Wendouree; Club Hotel, Ferntree Gully; Deer Park Hotel, Deer Park, and Doncaster Inn, Doncaster. Its properties in Western Australia include Queens Tavern, Highgate, and Sail & Anchor Hotel, Fremantle.

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