Shopping Centres Australasia Property : SCP Half Year December 2018 DRP Issue Price

Level 5, 50 Pitt Street

17 January 2019

Sydney NSW 2000

Tel: [phone]

ASX ANNOUNCEMENT

Fax: [phone]www.scaproperty.com.au

SCP Half Year December 2018 Distribution Reinvestment Plan (DRP) Issue Price

SCA Property Group (ASX: SCP) ("SCP") announces the issue price of Stapled Units to be allocated under SCP's DRP on or about 29 January 2019 is $2.51 per unit.

In accordance with the DRP Rules, this issue price has been calculated as the arithmetic average of the daily volume weighted average price of all sales of Stapled Units sold through a Normal Trade recorded on ASX for the first 10 ASX Trading Days following 2 January 2019, less 1.0% (1.0% being the Board approved DRP discount for this distribution) and rounded to the nearest whole cent.

In respect of this distribution, SCP has entered into an underwriting agreement with Moelis Australia Advisory Pty Ltd ("Moelis") to underwrite 40% of the total distribution amount of $66.3 million. This means that 10.6 million units will be issued to participants in the DRP and to Moelis at $2.51 per unit, raising $26.5 million (with the balance of $39.8 million to be paid in cash).

Units allotted under the DRP will be issued on the distribution payment date, and will rank equally with existing ordinary units from the date of issue. The intended distribution payment date is 29 January 2019.

Under the DRP Rules, units issued will be rounded down to the nearest whole number of unit(s) with the residual amount carried forward to the next distribution.

Key dates relating to this DRP issue are:

Ex-distribution date	28 December 2018
Record date	5.00pm, 31 December 2018
Last election date for DRP participation	5.00pm, 2 January 2019
Distribution Payment Date	29 January 2019
ENDS
Media, Institutional investor and analyst, contact:
Mark Fleming
Chief Financial Officer
SCA Property Group
[phone]

Unitholders should contact SCP Information Line on 1300 318 976 with any queries.

Shopping Centres Australasia Property Group RE Limited ABN 47 158 809 851 AFS Licence 426603 as responsible entity of the Shopping Centres Australasia Property Retail Trust ARSN 160 612 788 and as responsible entity of the Shopping Centres Australasia Property Management Trust ARSN 160 612 626

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