Delivering income & capital growth by sourcing quality commercial properties with high tenant appeal. apilgroup.com

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1 apilgroup.com Delivering income & capital growth by sourcing quality commercial properties with high tenant appeal. 3rd Floor, 50 Kings Park Road, West Perth WA 6005 PO Box 472, Subiaco WA 6904 P: E: info@apilgroup.com ACN: AFSL:

2 The average current retail portfolio distribution yield is 9.63% pa. Yield is calculated by taking the average of the 13 active retail syndicates as at 30 June APIL - A SOUND INVESTMENT CHOICE APIL is a leading Australian property syndicator and manager specialising in commercial property investment with a proven track record of delivering strong income returns and capital growth. Our successful investment strategy provides our investors with quality property investment opportunities. Since 2001, APIL has successfully established 24 investment property syndicates with a total value in excess of $700 million. The three core principles of the APIL investment strategy are: Single, direct property investment: performance is linked to a specific property asset, giving investors a transparent and efficient investment with known risks. Properties with high tenant appeal: we purchase well located property that tenants want to occupy, thereby reducing leasing risk. Income and capital growth: provide a strong and regular income stream together with the opportunity for capital growth. To accomplish this, we rely on the property expertise and experience of APIL s skilled investment team to assess and evaluate the various aspects of every property investment opportunity. APIL INVESTORS Our investors are a select group comprising high net worth individuals, self managed super funds and a growing number of discerning retail investors. Many of our investors have had an association with APIL since we were established in 2001 and have participated and reinvested in multiple syndicates over this time. We pride ourselves on our close relationship with investors.apil s directors and management welcome direct contact and are always accessible. For more information on APIL please visit 24 established syndicates; $700 million total value; average capital return on investors equity for 6 syndicates wound up was 155%; average total annual return on equity was 34% per annum. Refer to performance table for more details.

3 PETER HUGHES Managing Director Forty years experience in the property industry has seen Peter establish a reputation as one of WA s most respected property professionals. He is currently the Managing Director of APIL and has experience as a valuer, consultant and project coordinator for investment acquisitions and commercial and industrial sales. He was a Director of Burgess Rawson (WA) Pty Ltd from 1994 to 2002 and now has the principal responsibility of assessing property acquisitions to find those that meet with the investment objectives of APIL and its clients. Peter is an Associate of the Australian Property Institute Limited as a certified practising valuer, holds a Real Estate Agents Licence and a current triennial real estate agents certificate. Peter acts as an ASIC Certified Responsible Manager of APIL. HELEN LASSAM Director - Asset Management Helen has over 20 years experience in commercial property. Prior to joining APIL in February 2016, Helen was a Senior Director and Perth Executive Board Member at CBRE. Helen has extensive knowledge and experience in Asset Management and Shopping Centre development having been involved with the financial, leasing and construction phases of numerous WA centres. As the Director of Asset Management, Helen is responsible for overseeing the management responsibilities of APIL s property portfolio including setting funds strategies and taking the lead role in negotiating of new leases. SOL MAJTELES Non Executive Director Sol was a founding director of APIL in 2001 and is responsible for ensuring the legal aspects of property acquisitions and syndicate arrangements are properly completed. Sol has over 40 years experience in property law, focusing on all aspects of property acquisition, syndication, development, leasing and sale. He is currently a partner at Lavan Legal, one of Western Australia s largest independently owned law firms. JOE EVANGELISTA Non Executive Director A senior partner at BDO Accountants, Joe is a qualified Chartered Accountant and is responsible for the accounting and taxation issues relating to APIL s property acquisitions. Joe has 30 years experience as a chartered accountant and his experience in the property industry focuses on taxation planning, business administration compliance, investment analysis, and financial planning.

4 Why APIL Property Syndicates? Over the medium to long term, property has proven to be a good investment. With interest rates at historically low levels and term deposits becoming less attractive there is an increased level of interest in property. Property syndicates give investors piece of mind of knowing your money is invested in bricks and mortar, but at the same time offers additional advantages over traditional direct property investment. Management expertise APIL is a leading Australian property syndicator and manager specialising in commercial property investment with a proven track record of delivering strong income returns and capital growth. Investors benefit from the property expertise and experience of APIL s skilled investment team to assess and evaluate the various aspects of every property opportunity and have their investment managed by professionals to maximise value. $ 50k MIN $50,000 minimum investment APIL property syndicates have a minimum investment amount of $50,000. Our retail syndicates are registered with the Australian Securities and Investments Commission (ASIC) and are available to SMSF s. Higher yields APIL syndicates launched over the past 24 months have had an initial yield after all fees and costs of between 6.0% and 8.0% per annum, paid monthly. This compares very favourably with residential rental yields and prevailing cash returns from alternative investments such as bank term deposits, A-REITs and shares listed on the ASX. Diversification In large commercial property assets there will often be many leases in place with a diverse range of tenants over multiple time frames so the impact on returns of one tenant leaving is minimised. The relatively low entry level allows investors to spread the risk by investing in multiple syndicates thereby diversifying across different property sectors and geographies. Access to new opportunities APIL property syndicates provide investors access to property classes that are generally beyond the scope of most individuals. APIL syndicate office buildings, neighbourhood shopping centres, large format retail properties and industrial sites and an investment in an APIL syndicate provides investors access to some of Australia s largest and most well known companies as tenants. Tax effectiveness Many APIL property syndicates distribute tax-deferred income as part of the distributions arising due to the taxation treatment of specific expenses and capital allowances differing to the accounting treatment. This results in tax advantaged taxable income. Secondary market Syndicates are an illiquid investment however, in the event a unit holder wishes to sell their units, APIL on a best endeavours basis will assist them to find a buyer by offering the units to existing unit holders who will already be familiar with the syndicate. Typically there will be anywhere between 50 and 150 investors in a syndicate who can be approached. An added attraction is that there is no stamp duty on secondary market transfers.

5 Performance Since 2001, APIL has delivered income and capital growth to our investors by providing them with quality commercial property investments. The table below details the performance of APIL s current and past property syndicates up to 30 June The average monthly distribution (as at Nov 17) for the 17 active syndicates is 7.72% p.a. The average capital return on investors equity for 7 syndicates wound up was 155% and the annualised average total return was 34% p.a. Syndicate Launched- Sold/ Extended Purchase Price Sector Current as at Nov 17 or Final Average Yield pa over Initial Term Capital Return on Investors Equity + Average Total Annual Return on Equity(pa) # 405 Scarborough Beach Rd $9.9M Large format retail 18.2% 15.0% 183% 38% Marlows Midland $2.3M Large format retail 10.0% 11.5% 44% 19% 10 Kings Park Rd, West Perth 2,3, $7.7M Office 22.9% 12.0% 244% 53% 79 McCoy St, Myaree $4.8M Industrial 14.0% 11.2% 126% 29% 888 Nicholson Rd, Canning Vale $8.5M Large format retail 11.8% 9.7% 96% 29% 2 Kings Park Rd, West Perth $10.7M Office 23.3% 12.0% 147% 35% Sheffield House, Hay St Mall 1, $9.9M Retail/Office 12.0% 12.4% 250% 38% 50 Subiaco Square 1, $6.6M Office/Retail 10.0% 12.9% n/a n/a 366 Eddystone Ave, Joondalup 1, $8.65M Large format retail 15.0% 15.4% n/a n/a 130 Royal St, East Perth $5.2M Office 9.0% 13.2% n/a n/a 59 Pilbara St, Welshpool 1, $19.8M Industrial n/a n/a 115 Cambridge St, West Leederville $27.1M Retail/Office 7.0% 6.5% n/a n/a Floreat Forum Shopping Centre 1, $100M Retail 12% 10.0% n/a n/a 30 The Esplanade, Perth $50M Office 0% 7.1% n/a n/a 50 Kings Park Road, West Perth $28.3M Office 0% 5.0% n/a n/a AHG Property Syndicate No $66.2M Showroom 9.4%* 10.2%* 100%* n/a API Kinross Shopping Centre Trust $12.5M Retail 10% 9.4% n/a n/a APIL Wingate St Leonards Office Trust $96.4M Office/Retail 9.0% 8.7% n/a n/a APIL Carine Glades Shopping Centre Trust $24.3M Retail 12% 9.2% n/a n/a APIL Champion Drive Shopping Centre Trust $13.5m Retail 8.25% 8.1% n/a n/a APIL Ballajura Central Shopping Centre Trust $13.5m Retail 7.0% 7.0% n/a n/a APIL Byford Market Place Trust $27.25m Under Construction 6.0% 6.0% n/a n/a APIL Joondalup Gate Retail Trust $55.8m Large Format Retail 8.0% 8.0% n/a n/a APIL Clayton Street Midland Retail Trust $30.75m Large Format Retail 8.0% 8.0% n/a n/a 1 Syndicate is active 2 Property sold and equity returned to investors 3 Syndicate term extended 4 APIL retired as trustee 5 Yield cannot be determined due to amalgamation with another property + Capital Return on Investors Equity is calculated after all fees and costs and before tax as a percentage of equity. # The annualised total return has been calculated by combining total income and/or capital gain calculated when syndicate is wound up or reached the initial term, divided by the time the asset was held. The returns are net of all costs, fees and charges and before tax. *One of the five AHG properties was sold in 2015 which returned 100% of the initial capital invested by investors. Investors continue to receive annual returns generated from the remaining four AHG properties. apilgroup.com

6 APIL Portfolio Listed below is a selection of properties included in APIL s property portfolio: CARINE GLADES SHOPPING CENTRE, WA NEIGHBOURHOOD SHOPPING CENTRE Purchase price: $24.3m Acquired: 2014 Major Tenants: IGA supermarket, Growers market and 18 specialty shops ST LEONARDS OFFICE TRUST OFFICE BUILDING & ADJOINING GYM, CHILDCARE CENTRE & CAFE Purchase price: $96.4m Acquired: 2014 Major tenants: Coca Cola, Fitness First. KINROSS SHOPPING CENTRE NEIGHBOURHOOD SHOPPING CENTRE Purchase price: $12.5m Acquired: 2013 Major tenants: Supa IGA supermarket, Cellebrations liquor store and 14 specialty shops. AHG PROPERTY SYNDICATE NO.1 AUTOMOTIVE DEALERSHIPS IN WA & NSW Purchase price: $47m Further development: $19m Total portfolio value: $66m Acquired: 2012 Tenant: AHG Australia s largest motoring group.

7 50 KINGS PARK RD, WEST PERTH OFFICE Purchase price: $28.3m Acquired: 2011 Major tenants: NEXUS, APIL and Icon Engineering. 30 THE ESPLANADE, PERTH CBD OFFICE Purchase price: $50 million Acquired: 2011 Major tenants: Toll Energy Logistics, Kinetic IT, Vermillion Oil & Gas. FLOREAT FORUM SHOPPING CENTRE SUB REGIONAL SHOPPING CENTRE Purchase price: $100 million Acquired: 2009 Major tenants: Woolworths, Coles, Best and Less and 76 specialty stores. 115 CAMBRIDGE ST, WEST LEEDERVILLE OFFICE AND RETAIL COMPLEX Purchase price: $27.1 million Acquired: 2008 Major tenants: Coles Supermarket and Coles Head Office apilgroup.com

8 apilgroup.com NO INVESTMENT ADVICE The information contained in this brochure is not financial product advice. The information contained in this brochure is general information only and does not take into account your investment objectives, financial situation and particular needs. It is, therefore, important that you read this brochure in full before deciding whether to invest in any of APIL s products and take into consideration your investment objectives, financial situation and particular needs. If you are in any doubt, you should consider consulting your financial advisor, stockbroker or other professional advisors. AUSTRALASIAN PROPERTY INVESTMENTS LTD 3rd Floor, 50 Kings Park Road, West Perth WA 6005 PO Box 472, Subiaco WA 6904 P: E: info@apilgroup.com ACN: AFSL: