Appendix 3X

Initial Director's Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity

Vicinity Limited

Vicinity Centres Trust

ABN

90 114 757 783

ARSN

104 931 928

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director

Grant Lewis Kelley

Date of appointment

1 January 2018

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

678,487 Performance Rights under the FY2018 Long Term Incentive Plan (as approved by securityholders at the 2017 AGM)

+ See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

Appendix 3X

Initial Director's Interest Notice

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

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

Name of holder & nature of interest

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

N/A

Number & class of Securities

N/A

Part 3 - 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

Executive Services Agreement dated 11 August 2017

Nature of interest

As disclosed to ASX on 11 August 2017, Mr Kelley will be awarded a sign-on grant with a maximum face value of $2 million, to be delivered in the form of Vicinity Centres stapled securities and divided into two equal tranches as follows:

  • 50% will be subject to restriction for 12 months from Mr Kelley's commencement date as Chief Executive Officer and Managing Director of Vicinity Centres, being 1 January 2018 (the Commencement Date); and

  • 50% will be subject to restriction for 24 months from the Commencement Date.

The securities will become unrestricted at the end of the relevant restriction period, subject to Mr Kelley's continued employment.

A Change of Director's Interest Notice

(Appendix 3Y) confirming the securities awarded to Mr Kelley in consideration of the sign-on grant will be provided to ASX once the award has occurred.

Name of registered holder (if issued securities)

N/A

+ See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3X

Initial Director's Interest Notice

No. and class of securities to which interest relates

Ordinary fully paid stapled securities with a maximum face value of $2 million. The number of securities awarded to Mr Kelley will be confirmed to ASX in the Appendix 3Y.

Signed

Michelle Brady Company Secretary Date: 2 January 2018

+ See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 3

Vicinity Centres RE Ltd. published this content on 02 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 January 2018 02:55:01 UTC.

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