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Your Directors unanimously recommend that you ACCEPT the takeover offer from ESR in the absence of a superior proposal

SUMMARY OF THE OFFER

You have received an offer from ESR Real Estate (Australia) Pty Ltd (ESR) to acquire all your Propertylink Securities for cash consideration of $1.1641 per Propertylink Security by way of an off-market takeover offer (the Offer). You should have received the Bidder’s Statement containing information in relation to the Offer from ESR and the Target’s Statement issued by Propertylink in response to the Offer.

Your Directors unanimously recommend that you ACCEPT the Offer, in the absence of a Superior Proposal.

The Independent Expert has concluded that, in the absence of a Superior Proposal, the Offer by ESR is fair and reasonable to Non-Associated Securityholders.

ESR has declared the Offer unconditional and will provide to Propertylink securityholders who accept prior to the close of the Offer (including those who have already accepted) their cash consideration on or before 20 March 2019.

Your Directors encourage you to read the Target’s Statement in its entirety and seek independent advice if you are in any doubt as to what you should do in response to the Offer. You are also strongly encouraged to read the Bidder’s Statement and any Supplementary Bidder’s Statements issued by ESR.

The Offer is due to close at 7.00pm (Sydney time) on 28 February 2019, unless extended. To accept the Offer, you should follow the instructions outlined in the Bidder’s Statement and on the Acceptance Form.

1. The offer by ESR to acquire all Propertylink securities by way of an agreed off-market takeover bid for cash consideration of $1.164 per security. In accordance with the terms of the Offer, the consideration payable to Propertylink securityholders was adjusted from $1.20 as a result of Propertylink’s interim distribution of 3.6 cents be paid to securityholders on 31 January 2019

Contacts

If you have further questions in relation to the Offer, you can call the Propertylink Securityholder Information Line on 1300 889 468 (within Australia) or +61 2 8022 7954 (outside Australia) during the hours of 9:00am and 5:30pm (Sydney time), Monday to Friday (excluding national public holidays).

Within Australia

Outside Australia