ASX announcement ASX code ALZ / AAZPB

7 August 2014

Frasers Takeover Offer

1 Homebush Bay Drive

Building C, Level 3

Rhodes NSW 2138

02 9767 2000

PO Box 3307

Rhodes NSW 2138

australand.com.au

Australand Property Group ("Australand") notes the announcement today by Frasers Amethyst Pte. Ltd. ("FCL Bidder") a wholly owned subsidiary of Frasers Centrepoint Limited (FCL) (together, "Frasers"), announcing that Frasers had received more than a 50% aggregate interest in Australand's stapled securities under its takeover offer. Accordingly, the offer period has automatically been extended until 7.00pm (Sydney time) on Thursday, 21 August 2014 (unless further extended).

Allowed Distribution

The Australand Board plans to declare the Allowed Distribution of 2.63 cents per stapled security on Monday, 11 August 2014.

Offer Consideration

As a result of the Offer being declared unconditional, FCL Bidder will pay, by Thursday, 28
August 2014, the Offer price of $4.48 per Australand security to those Australand securityholders

who have validly accepted the Offer on or before today's date.

Further Information & Enquiries

Australand has established a Securityholder Information Line which Australand Securityholders should call if they have any queries in relation to the Offer. The telephone number for the Securityholder Information Line is:

1800 882 147 (toll free calls within Australia); or

+61 1800 882 147 (for caller outside Australia),

and is available Monday to Friday between 9.00am and 5.00pm (EST).

Institutional investor enquiries Retail investor enquiries Media enquiries

Kieran Pryke Bev Booker Trudy Wise

Chief Financial Officer Company Secretary Wise McBaron Communication

T +61 2 9767 2000 T +61 2 9767 2182 T +61 418 220 028

E kpryke@australand.com.au E bbooker@australand.com.au E trudy_wise@wisemcbaron.com.au

Narelle Checchin

Investor Relations Manager

T +61 2 9767 2108

E nchecchin@australand.com.au

Australand Holdings Limited ABN 12 008 443 696 Australand Property Limited ABN 90 105 462 137 AFSL 231130 as responsible entity of Australand Property Trust ARSN 106 680 424 and Australand ASSETS Trust ARSN 115 338 513

Australand Investments Limited ABN 12 086 673 092 AFSL 228837 as responsible entity of Australand Property Trust

No.4 ARSN 108 254 413 and Australand Property Trust No.5 ARSN 108 254 771

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