ASX ANNOUNCEMENT Announcement No. 04/14 The Manager Australian Securities Exchange Distribution Reinvestment Plan (DRP) Highlights 4 February 2014

ALE's issue price for the DRP set at $2.79 for the half-year ended 31 December 2013

The DRP will be supplied by the on-market acquisition of stapled securities

DRP Issue of Stapled Securities

ALE advises that the Distribution Reinvestment Plan (DRP) issue price is $2.79 per stapled security for the half-year ended 31 December 2013.
The issue price has been calculated by reference to the average of each individual daily volume weighted average market price of all sales of ALE's stapled securities recorded on the ASX from 2 January 2014 to 30 January 2014 (the 20 ASX trading days following the day after the record date) of $2.79. As advised on 6 January 2014 no discount has been applied to the price.

Holders with around 59.18 million stapled securities, or around 30.24% of the current stapled securities on issue, have elected to participate in the DRP. As advised on 29

January 2014 ALE has substantially completed the on-market acquisition of stapled securities for the DRP.

There was no scale back applied to holders electing to participate in the DRP.
The stapled securities under the DRP will rank equally with existing stapled securities and will be issued on the distribution payment date of 5 March 2014.
- 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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