Shopping Centres Australasia Property : Taxation Components - SCP Half Year Distribution June 2020

31 August 2020

ASX ANNOUNCEMENT

SCA PROPERTY GROUP (ASX: SCP)

Level 5, 50 Pitt Street Sydney NSW 2000 Tel: [phone] Fax: [phone]

www.scaproperty.com.au

Information for Custodians

Taxation Components - SCP Half Year Distribution June 2020

Record Date: 30 June 2020

Payment Date: 31 August 2020

Distribution Amount: 5.00 cents per stapled unit

This announcement is relevant to custodians and other intermediary investors in respect of non-resident unitholders. Details of the full year tax components of distributions will be provided in the annual tax statement which will be sent to unitholders today. Australian resident unitholders should not rely on this announcement for the purposes of completing their income tax return.

SCA Property Group (ASX: SCP) (SCP) announced on 23 June 2020 the distribution is 5.00 cents per stapled unit for the half year ended 30 June 2020 and will be paid to unitholders on or about 31 August 2020.

Shopping Centres Australasia Property Retail Trust ARSN 160 612 788 (Retail Trust) declares that it is a withholding MIT for the purposes of Subdivision 12-H of Schedule 1 of the Taxation Administration Act 1953 (Commonwealth) and has chosen to be an attribution managed investment trust (AMIT) for the purposes of Division 276 of the Income Tax Assessment Act 1997 (Commonwealth) in respect of the income year ending 30 June 2020.

Detailed below are the tax components of the distribution for the half year ended 30 June 2020 for SCP (comprising Retail Trust and Shopping Centres Australasia Property Management Trust ARSN 160 612 626 (Management Trust)).

These components are provided solely for the purpose of the withholding MIT non-resident withholding tax under Subdivision 12-H of Schedule 1 to the Taxation Administration Act 1953 (Commonwealth), and the non-resident withholding tax under Subdivision 12-F of Schedule 1 to the Taxation Administration Act 1953 (Commonwealth), and should not be used for any other purpose.

Unitholders should seek their own tax advice in relation to this announcement.

Half Year Ended 30 June 2020 (cents per stapled unit)

	Retail Trust	Management Trust	SCP
Fund payment	5.238058	0.000000	5.238058
Interest income - Australian sourced	0.019634	0.000000	0.019634
Total subject to withholding	5.257692	0.000000	5.257692

The fund payment amount exceeds cash distributed as it includes a capital gain which is grossed up for this purpose and because of amounts associated with the expected credit loss which have reduced income but which are not immediately deductible for tax purposes.

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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31 August 2020

ASX ANNOUNCEMENT

Level 5, 50 Pitt Street Sydney NSW 2000 Tel: [phone] Fax: [phone]

www.scaproperty.com.au

In accordance with section 12-395 of Schedule 1 to the Taxation Administration Act 1953 (Commonwealth) this distribution includes a 'fund payment' as shown above in respect of the half year ended 30 June 20201. The amount that is a "fund payment - excluded from NCMI" is nil.

This document has been authorised to be given to the ASX by the Board of SCP.

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.

1 Unitholders should seek their own tax advice regarding the 'fund payment'. The 'fund payment', as determined in accordance with Subdivision 12A-B of Schedule 1 to the Taxation Administration Act 1953 (Commonwealth), includes the net income of the trust disregarding certain amounts such as dividend income, interest income, royalties, capital gains or losses not in respect of taxable Australian property and amounts not from an Australian source.

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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