ASX ANNOUNCEMENT Announcement No. 12/14 The Manager Corporate Announcements Office Australian Securities Exchange 26 February 2014 Appendix 3Y Change of Director's Interest Notice

Please find enclosed Change of Director's Interest Notices for Ms Phillipa Downes.

- Ends -

Contact: Brendan Howell

Company Secretary

ALE Property Group

02 8231 8588

Website: www.alegroup.com.au

Rule 3.19A.2

Appendix 3Y Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.


Introduced 30/09/01 Amended 01/01/11

Name of entity

Australian Leisure and Entertainment Property Management Limited

(ABN: 45 102 275 278) and Australian Leisure and Entertainment Property

Trust (ARSN: 106 063 049)

ABN As above

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director

Phillipa Jane Downes

Date of last notice

21 February 2014

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest

Direct

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

N/A

Date of change

21 February 2014

No. of securities held prior to change

213,000

Class

Ordinary Stapled Securities

Number acquired

394

Number disposed

Nil

Value/Consideration

Note: If consideration is non‐cash, provide details and estimated valuation

$1,148

No. of securities held after change

213,394

Nature of change

Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back

On market trades

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract

N/A

Nature of interest

N/A

Name of registered holder

(if issued securities)

N/A

Part 3 - +Closed period

Were the interests in the securities or contracts detailed

above traded during a +closed period where prior written clearance was required?

No

If so, was prior written clearance provided to allow the trade to proceed during this period?

N/A

If prior written clearance was provided, on what date was this provided?

N/A

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