Form 604 Corporations Act 2001 Section 6718 Notice of change of interests of substantial holder

To Company Name/Scheme Carindale Property Trust (ASX: CDP)

ACN/ARSN ARSN 093 261 744

1. Details of substantial holder (1)

Name

There was a change in the interests of the substantial holder on

31 / 05 / 2017

The previous notice was given to the company on

16 / 09 / 2016

The previous notice was dated

16 / 09 / 2016

2. Previous and present voting power

ACN/ARSN (if applicable)

Scentre Management Limited as responsible entity of Scentre Group Trust 1 ("Scentre Management

Limited") and each of its related bodies corporate listed in Annexure B ARSN 090 849 746

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an

associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)

Previous notice

Present notice

Person's votes

Voting power (5)

Person's votes

Voting power (5)

Ordinary Units

36,965,568

52.81%

37,747,614

53.93%

  1. Changes in relevant interests

    Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

    Date of change

    Person whose relevant interest changed

    Nature of change (6)

    Consideration given in relation to change (7)

    Class and number of securities affected

    Person's votes

    affected

    Refer Annexure A.

  2. Present relevant interests

    Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

    Holder of relevant interest

    Registered holder of securities

    Person entitled to be registered as holder (8)

    Nature of relevant interest (6)

    Class and number of securities

    Person's votes

    Scentre Management Limited

    Scentre Management Limited

    Scentre Management Limited

    Registered holder - section 608(1)(a)

    37,662,991

    Ordinary Units

    37,662,991

    Scentre

    Management Limited

    Unknown

    Scentre Management Limited

    Enforceable right to be registered as holder of securities acquired on market - section 60818.

    84,623

    Ordinary Units

    84,623

  3. Changes in association

    The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

    Name and ACN/ARSN (if applicable) Nature of association

  4. Addresses

The addresses of persons named in this form are as follows:

Name

Address

Scentre Management Limited

Level 30,85 Castlereagh St,Sydney NSW 2000

Related bodies corporate of Scentre Manaqement Limited

See Annexure B

Signature

print name MAUREEN MCGRATH Capacity COMPANY SECRETARY

DIRECTIONS

  1. If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group,with the names and addresses of members is clearly set out in paragraph 6 of the form.

  2. See the definition of "associate'in section 9 of the Corporations Act 2001.

  3. See the definition of 'relevant interest' in sections 608 and 6718(7) of the Corporations Act 2001.

  4. The voting shares of a company constitute one class unless divided into separate classes.

  5. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

  6. Include details of:

    1. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, a copy of any document setting out the terms of any relevant agreement , and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

    2. any qualification of the power of a person to exercise,controlthe exercise of, or influence the exercise of,the voting powers or disposalof the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

      See the definition of 'relevant agreement' in section 9 of the Corporations Act 2001.

    3. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions , even if they are not paid directly to the person from whom the relevant interest was acquired.

    4. If the substantial holderis unable to determine the identity of the person (eg if the relevant interest arises because of an option) write 'unknown".

    5. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

    6. "ANNEXURE A"

      This is Annexure A of 1 page, refe, e to in Form 604 -i: =tof substantial holder

      MAUREEN MCGRATH, COMPANY SECRETARY DATE: 01 JUNE 2017

      Date of change

      Person whose relevant interest

      Nature of change (6)

      Consideration given in relation

      Class and number of securities affected

      Person's votes affected

      changed

      to change (7)

      27/10/2016

      Scentre Management Limited

      On-market purchase

      $840,705.52

      109,343 Ordinary Units

      109,343

      28/10/2016

      Scentre Management

      On-market purchase

      $193,710.24

      25,092 Ordinary Units

      25,092

      Limited

      31/10/2016

      Scentre Management

      On-market purchase

      $37,533.02

      4,900 Ordinary Units

      4,900

      Limited

      3/11/2016

      Scentre Management Limited

      On-market purchase

      $138,409 .46

      17,986 Ordinary Units

      17,986

      27/02/2017

      Scentre Management Limited

      On-market purchase

      $143,205 .24

      18,130 Ordinary Units

      18,130

      7/03/2017

      Scentre Management

      On-market purchase

      $62,773.40

      7,946 Ordinary Units

      7,946

      Limited

      10/03/2017

      Scentre Management

      On-market purchase

      $33,888.00

      4,236 Ordinary Units

      4,236

      Limited

      13/03/2017

      Scentre Management Limited

      On-market purchase

      $37,504.00

      4,688 Ordinary Units

      4,688

      15/03/2017

      Scentre Management

      Limited

      On-market purchase

      $56,485.16

      7,114 Ordinary Units

      7,114

      17/03/2017

      Scentre Management

      On-market purchase

      $2,061,640.00

      259,000 Ordinary Units

      259,000

      Limited

      (Special crossing)

      28/03/2017

      Scentre Management Limited

      On-market purchase

      $252,944.58

      31,857 Ordinary Units

      31,857

      29/03/2017

      Scentre Management Limited

      On-market purchase

      $413,842.91

      52,187 Ordinary Units

      52,187

      30/03/2017

      Scentre Management

      Limited

      On-market purchase

      $1,013,276.16

      127,296 Ordinary Units

      127,296

      19/05/2017

      Scentre Management Limited

      On-market purchase

      $216,810.00

      27,000 Ordinary Units

      27,000

      22/05/2017

      Scentre Management Limited

      On-market purchase

      $5,179.46

      648 Ordinary Units

      648

      31/05/2017

      Scentre Management Limited

      On-market purchase

      $680,368.92

      84,623 Ordinary Units

      84,623

      3

      "ANNEXURE B"

      This is Annexure B of 4 pages, refe e

      to in Form.6.- :. ests of substantial holder

      MAUREEN MCGRATH, COMPANY SECRETARY DATE: 01 JUNE 2017

      Related Body Corporate

      Company number

      Registered Office address

      1.

      Adurant Pty. Limited

      003 155 628

      Level 30, 85 Castlereagh Street, Sydney NSW

      2000, Australia

      2.

      Alphen Pty. Limited

      052 136 348

      Level 30, 85 Castlereagh Street, Sydney NSW

      2000, Australia

      3.

      AmandiPty Limited

      087 465 763

      Level 30, 85 Castlereagh Street, Sydney NSW 2000, Australia

      4.

      Annsa Pty Ltd

      093 890 236

      Level 30, 85 Castlereagh Street, Sydney NSW

      2000, Australia

      5.

      Gaural Pty.Limited

      003 101 924

      Level 30, 85 Castlereagh Street, Sydney NSW

      2000, Australia

      6.

      Honeykent Pty. Limited

      050 057 326

      Level 30, 85 Castlereagh Street, Sydney NSW 2000, Australia

      7.

      Lourens Pty.Limited

      076 681 797

      Level 30, 85 Castlereagh Street, Sydney NSW

      2000, Australia

      8.

      Lycus Pty. Limited

      002 253 161

      Level 30, 85 Castlereagh Street, Sydney NSW

      2000, Australia

      9.

      MarchelPty Limited

      008 625 250

      Level 30,85 Castlereagh Street, Sydney NSW 2000, Australia

      10.

      Orta Pty. Limited

      008 617 810

      Level 30,85 Castlereagh Street, Sydney NSW

      2000, Australia

      11.

      Parliv Pty Limited

      056 002 558

      Level 30, 85 Castlereagh Street, Sydney NSW

      2000, Australia

      12.

      RE Holding Company Pty Limited

      145 734 489

      Level 30,85 Castlereagh Street, Sydney NSW 2000,Australia

      13.

      RE Nominee Company Pty Limited

      146 211 930

      Level 30,85 Castlereagh Street, Sydney NSW 2000,Australia

      14.

      RE1 Limited

      145 743 862

      Level 30, 85 Castlereagh Street, Sydney NSW

      2000, Australia

      15.

      RE2 Limited

      145 744 065

      Level 30,85 Castlereagh Street, Sydney NSW

      2000,Australia

      16.

      Regional Shopping Centre Nominees Pty. Limited

      050 044 785

      Level 30, 85 Castlereagh Street, Sydney NSW 2000,Australia

      17.

      Samel Pty. Limited

      008 620 586

      Level 30, 85 Castlereagh Street, Sydney NSW 2000,Australia

      18.

      Scentre Alliances Carindale Pty Limited

      098 563 252

      Level 30, 85 Castlereagh Street, Sydney NSW

      2000,Australia

      19.

      Scentre Alliances Pty Limited

      098 357 521

      Level30, 85 Castlereagh Street, Sydney NSW

      2000,Australia

      20.

      Scentre Capital Assets Pty Limited

      003 146 307

      Level30, 85 Castlereagh Street, Sydney NSW 2000,Australia

      21.

      Scentre Capital Corporation Pty Limited

      008 589 384

      Level 30, 85 Castlereagh Street, Sydney NSW 2000,Australia

      22.

      Scentre Capital Financial Services Pty Limited

      008 618 166

      Level 30, 85 Castlereagh Street, Sydney NSW 2000,Australia

      4

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