• Disposal of AOF's main investment property for $40 million
• Delisting of AOF from the ASX
• Return of proceeds to unitholders via compulsory redemption and/or special distribution
• Winding up of AOF following delisting and return of proceeds

Australian Unity Investment Real Estate Limited (AUIREL), the responsible entity of Australian Unity Office Fund (AOF), has convened an extraordinary general meeting of AOF unitholders to vote on a proposal to dispose of AOF's main undertaking, delist the fund from the ASX, and return proceeds to unitholders, followed by the winding up of AOF. The proposal comprises the following key components: 1) The Asset Realisation - Involves the sale and settlement of AOF's last investment property, 150 Charlotte Street, Brisbane, for $40 million (excluding disposal costs and settlement adjustments). 2) The Delisting - Removal of AOF from the Official List of the ASX, but not before the Asset Realisation. 3) The Return of Proceeds - Following the Delisting, the return of net proceeds from the Asset Realisation and the majority of proceeds from cash and other net assets held on AOF's balance sheet, after providing for current and future liabilities, to unitholders primarily through a compulsory redemption of units, and potentially also via special distribution. 4) The Winding Up - Following the Delisting and Return of Proceeds, the winding up of AOF, including the return of any residual cash to unitholders. AUIREL believes the proposal is in the best interests of AOF unitholders and unanimously recommends that unitholders vote in favor of the proposal.

If the proposal is implemented, AUIREL expects to return aggregate proceeds to unitholders of between $0.37 to $0.38 per unit, assuming the settlement of Charlotte Street for $40 million (excluding disposal costs and settlement adjustments).