Qualitas : Change of Director's Interest Notice - Andrew Fairley AM

For personal use only

15 June 2022

Mr. Geraldi Mimery

Advisor, Listings Compliance (Melbourne)

Australian Securities Exchange

Level 4, North Tower, Rialto

525 Collins Street

MELBOURNE VIC 3000

Dear Mr. Mimery

Appendix 3Y - Change of Director's Interest Notice and correction

Attached is an Appendix 3Y for Andrew Fairley AM, a director of Qualitas Ltd (ASX:QAL) (Qualitas, QAL), with respect to units held in the Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units) and a correction to ordinary shares held indirectly in QAL.

QRI Units

Recently Qualitas amended its securities trading policy with respect to QRI Units and other interests (Policy). The purpose of the Policy is to outline the protocols for trading in the Qualitas Real Estate Income Fund (ASX:QRI) or any other fund, company or entity which are managed by Qualitas and listed on the ASX and certain real property holdings. The Policy applies to the directors of Qualitas (Directors) and all employees and associates of the Qualitas group. It specifies that Directors must notify the company secretary of any dealing in QRI Units. The company secretary must then provide an Appendix 3Y notice to the ASX for Qualitas.

Accordingly, Qualitas includes in the attached Appendix 3Y the QRI Units held by Mr. Fairley AM to align the current holdings of Directors in QRI Units.

Correction to QAL Ordinary Shares

Qualitas self-identified an administrative error with respect to ordinary shares in QAL (Ordinary Shares) held indirectly by Mr. Fairley AM. The total number of indirect holdings of Ordinary Shares is correct, however the division between his two indirect entities was incorrect. The attached Appendix 3Y notes this correction.

Melbourne Office	Sydney Office
Level 38, 120 Collins Street	Governor Macquarie Tower	qualitas.com.au
Melbourne VIC 3000	Level 23, 1 Farrer Place	[e-mail]
[phone]	Sydney NSW 2000
	[phone]

For personal use only

Qualitas has ensured it has processes in place to ensure that Appendix 3Y's will be lodged correctly when required.

Yours faithfully

Terrie Morgan

Company Secretary

Encl. Appendix 3Y - Andrew Fairley AM

Melbourne Office	Sydney Office
Level 38, 120 Collins Street	Governor Macquarie Tower	qualitas.com.au
Melbourne VIC 3000	Level 23, 1 Farrer Place	[e-mail]
[phone]	Sydney NSW 2000
	[phone]

For personal use only

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Qualitas Limited (Company)

ABN	46 655 057 588

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Andrew Fairley AM
Date of last notice	26 April 2022

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

	Direct	or	indirect	Direct and indirect interests
	interest
	Nature	of	indirect	Ordinary shares in the Company (Ordinary Shares) registered in the name of
	interest			Boroko Pty Ltd as trustee for the Fairley Super Scheme and Burnewang
	(including registered	Holdings Pty Ltd as trustee for the Fairley Investment Trust and units in
	holder)			Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units) registered in the name
	Note: Provide details of the
	circumstances giving rise to	of Boroko Pty Ltd as trustee for the Fairley Super Scheme.
	the relevant interest.
				Relevant interest arising under section 608(3) of the Corporations Act 2001
				(Cth) by virtue of the power to control the exercise of the right of Boroko Pty
				Ltd as trustee for the Fairley Super Scheme and Burnewang Holdings Pty Ltd as
				trustee for the Fairley Investment Trust to vote and dispose of the securities.
	Date of change	9 June 2022 in accordance with an internal policy change of Qualitas Limited
				requiring Qualitas Limited directors to provide notice of Qualitas Real Estate
				Income Fund (ASX:QRI) Units (QRI Units) held and changes to number of QRI
				Units held (Policy).
				Further details of trading dates are outlined below.

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

For personal use only

Appendix 3Y

Change of Director's Interest Notice

No.	of	securities	1)	80,000* Ordinary Shares registered in the name	of	Boroko Pty Ltd as
held prior to change		trustee for the Fairley Super Scheme.
			2)	127,400* Ordinary Shares registered in the name of Burnewang Holdings
				Pty Ltd as trustee for the Fairley Investment Trust.
			3)	50,000 Ordinary Shares registered in the name of Andrew Fairley AM.
			*Corrected holdings by entity noted below. The total number of Ordinary
			Shares held by Andrew Fairley is unchanged.
Class			1)	Ordinary Shares in the Company (Ordinary Shares)
			2)	Units in Qualitas Real Estate Income Fund (ASX:QRI) (QRI Units)
Number acquired	107,229 QRI Units registered in the name of Boroko Pty Ltd as trustee for the
			Fairley Super Scheme.
Number disposed	Nil
Value/Consideration	QRI Units:
Note:	If consideration is
non-cash, provide details
and estimated valuation	Date	Description	Value/Consideration	Amount
				26-Mar-20	Security Purchase	$1.33		19,200
				17-Apr-20	Security Purchase	$1.38		36,195
				28-Apr-20	Security Purchase	$1.37		6,642
				28-Apr-20	Security Purchase	$1.37		6,642
				13-May-20	Security Purchase	$1.35		14,500
				27-Aug-20	Security Purchase	$1.44		13,331
				1-Sep-20	Security Purchase	$1.45		42,219
				7-Dec-21	Security Sale	$1.60		31,500
						TOTAL		107,229
No.	of	securities	1)	20,000* Ordinary Shares registered in the name	of	Boroko Pty Ltd as
held after change		trustee for the Fairley Super Scheme.

1. 187,400* Ordinary Shares registered in the name of Burnewang Holdings Pty Ltd as trustee for the Fairley Investment Trust.
2. 50,000 Ordinary Shares registered in the name of Andrew Fairley AM.
3. 107,229 QRI Units registered in the name of Boroko Pty Ltd as trustee for the Fairley Super Scheme.

• Corrected holdings by entity. The total number of Ordinary Shares held by Andrew Fairley AM is unchanged.

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

For personal use only

			Appendix 3Y
			Change of Director's Interest Notice
	Nature of change	1) In response to the Policy change, this Appendix 3Y is being issued to notify
	Example: on-market trade,	of QRI Units held by or on behalf of Andrew Fairley AM.
	off-market trade, exercise of
	2) In response to a self-identified administration error, the number of
	options, issue of securities
	under	dividend	Ordinary Shares held by each of Boroko Pty Ltd as trustee for the Fairley
	reinvestment	plan,
	participation in buy-back	Super Scheme and Burnewang Holdings Pty Ltd as trustee for the Fairley
			Investment Trust are corrected. The total number of Ordinary Shares held is
			unchanged.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract

Nature of interest

Name of registered holder (if issued securities)

Date of change

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired

Interest disposed

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	N/A
trade to proceed during this period?

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3