Integration of RVG Portfolio and Roll Out of Freedom Product

Key Financial Outcomes Statutory profit after tax doubled Increase in underlying profit after tax of 63% to $89.0m Greater statutory profit increase is primarily due to the profit contribution from fair value gains on investment property Higher retirement earnings contribution driven by: ☐ - Daveo Outcome¹ FY16 FY15 Change Statutory profit after tax $116.0m $58.0m 100% Statutory EPS 22.1cps 11.6cps 91% Underlying profit after tax $89.0m $54.7m 63% Underlying EPS 17.0cps 10.9cps 56% $137.0m $73.9m 85% FFO Record total retirement sales of 799 units FFO per security 26.2cps 14.8cps 77% Lift in average DMF/CG amount per transaction of 8% Distribution $43.5m $25.7m 69% Portfolio turnover increased to 11.9% Distribution per security 8.0 cps 5.0 cps 60% - Delivery of 182 new retirement units Significant increase in FFO of 85% to $137.0m Distribution lifted 60% to 8 cps Net assets NTA per security NTA per security increased to $3.00, post the payment of the distribution Gearing $1,660.4m $1,505.6m 10% $3.00 $2.85 5% 17.4% 13.8% 3.6% 1 This table should be read in conjunction with the tables displayed throughout the FY16 results presentation 3

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