Proposed Real Estate Equity Transaction

• $10 million structured equity investment into a recently completed Sydney apartment complex
• 360 Capital Group has entered into a heads of agreement to acquire the property
• Transaction expected to be accretive to TOT's earnings if completed

360 Capital FM Limited, as the responsible entity for the 360 Capital REIT (ASX:TOT), has advised that the Fund is currently in due diligence regarding a $10 million structured equity investment into a recently completed apartment complex in Sydney, NSW. The 360 Capital Group (ASX:TGP) has entered into a heads of agreement for the acquisition of the property, subject to due diligence and other conditions. The Group will look to raise capital from third-party wholesale investors to invest alongside TOT. While there is no guarantee the transaction will proceed, subject to successful completion, the investment is expected to be accretive to TOT's earnings. The Fund will not be undertaking a capital raising to fund the proposed investment.

The proposed $10 million structured equity investment is expected to be accretive to TOT's earnings if the transaction is completed.