Establishment of SCA Property Group

Relationship with Woolworths • 1 Woolworths will have no ownership interest in SCA Property Group following completion of the Distribution and the Offer, but Woolworths and SCA Property Group will maintain an ongoing relationship with regard to: Leases • Major anchor tenant in all properties • Generally comparable to other Woolworths leases Central Highlands 12 2 3 Rental Guarantee on specialty tenants for first two years • . - Completed Portfolio – for two years for all vacant tenancies from the Allotment Date until first let Development Portfolio – total rent for all specialty tenancies for a period of 2 years from completion of each property Development Management Agreements (DMAs) between SCA Property Group and Woolworths • . • Woolworths will develop all properties in the Development Portfolio Payments due to Woolworths on completion have been calculated based on as-completed independent valuation of $332 million • SCA Property Group bears no development pricing risk For the Australian Properties in the Development Portfolio, the Woolworths Group will provide SCA Property Group with a Site Access Fee on the land and WIP 4 Transitional Services Agreement (TSA) between SCA Property Group and Woolworths Woolworths Central Highlands, QLD Woolworths 6 Darby & Fre Bake • 12 month agreement for provision of technical and administrative services Collingwood Park, QLD

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