Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

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 Aveo Group consisting of Aveo Group Limited and Aveo Group Trust, the responsible entity of which is Aveo Funds Management Limited ABN 17 089 800 082 ('AOG')

ABN Aveo Group Limited ABN 28 010 729 950

Aveo Group Trust ABN 92 067 392 292

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

Geoffrey Earl Grady

Date of last notice

1 September 2016

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 interest

Nature of indirect interest (including registered holder)

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

Mr Grady is the registered holder for all classes of securities.

Date of change

16 November 2016

No. of securities held prior to change

  1. - 595,294 (Ordinary Stapled Securities).

  2. - 101,056 (Short Term Incentive Deferred Securities), which are still subject to Securityholder approval.1

  3. - 366,449 (Long Term Incentive Performance Rights), of which 114,353 are still subject to Securityholder approval.1

  4. - 701,439 (Long Term Retention Plan Performance Rights).

  5. - 750,000 (Long Term Growth Plan Performance Rights), which are subject to Securityholder approval.2

Class

  1. Ordinary Stapled Securities.

  2. Short Term Incentive Deferred Securities.

  3. Long Term Incentive Performance Rights.

  4. Long Term Retention Plan Performance Rights.

  5. Long Term Growth Plan Performance Rights.

Number acquired

  1. NIL (Ordinary Stapled Securities).

  2. 101,056 (Short Term Incentive Deferred Securities).

  3. 114,353 (Long Term Incentive Performance Rights).

  4. NIL (Long Term Retention Plan Performance Rights).

  5. NIL (Long Term Growth Plan Performance Rights).

Acquired by Mr Grady in accordance with the Aveo Group Short Term & Long Term Incentive Plans, as described in the 2016 Notice of Meeting, approved by Aveo Group shareholders at the 2016 Annual General Meeting, held on 16 November 2016.

Number disposed

NIL

Value/Consideration

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

NIL

No. of securities held after change

  1. - 595,294 (Ordinary Stapled Securities).

  2. - 101,056 (Short Term Incentive Deferred Securities).1

  3. - 366,449 (Long Term Incentive Performance Rights).1

  4. - 701,439 (Long Term Retention Plan Performance Rights).

  5. - 750,000 (Long Term Growth Plan Performance Rights), which are subject to Securityholder approval.2

Nature of change

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

Issue of Long Term Incentive Performance Rights and Short Term Incentive Deferred Securities.

1 Approved at the Annual General Meeting in Sydney on 16 November 2016.

2. Subject to approval by securityholders no later than AOG's 2021 Annual General Meeting, but not earlier than the 2018 Annual General Meeting, in accordance with the ASX requirement that such approval be given not earlier than three years before the award of Securities.

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

Name of registered holder (if issued securities)

Date of change

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired

Interest disposed

Value/Consideration

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

Interest after change

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

16 November 2016

Aveo Group Ltd. published this content on 16 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 November 2016 01:53:12 UTC.

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