Performance Calculation

*Annualised total return of 13.2% as at May 2015 and is the average of returns across all funds managed to completion and wound up by Centuria Property Funds since 1998 and includes capital gains as well as distributions paid during the life of completed funds shown on a per annum basis. The annualised total return does not represent the current performance of any of the Centuria’s funds currently under management.

Total returns provided in the case studies include capital gains as well as distributions paid during the life of completed funds shown on a per annum basis. Performance has been determined after the properties are sold and funds wound up.

Each fund managed by Centuria Property Funds will have different characteristics, properties and risks and should be assessed by an investor independently of the performance of completed funds.

Average per annum returns calculated at the completion of a fund does not take into account returns in any particular year and current or future funds may experience fluctuations in asset values and distributions during the life of a fund.