Quanta Tennyson Street Office Trust - IM

FINANCIAL INFORMATION

The Manager forecasts a Year 1 distribution of 8.25 cents per unit and 5 Year average distribution of 8.65 cents per unit paid monthly which at the current unit price of $1.00 equates to 8.65% net p.a. In evaluating the ability of the Trust to deliver the target distribution, the Manager prepares forecasts and projections that are based on a combination of best estimates, hypothetical and known assumptions. Accordingly, any adverse events or unforeseen additional expenses will impact the Trust’s ability to deliver the targeted

FORECAST INCOME AND DISTRIBUTION STATEMENT

Year 1

Year 2

Year 3

Year 4

Year 5

Revenue

Gross Rent

$683,731

$707,928

$726,772

$746,847

$767,490

Outgoings

($119,923)

($123,131)

($126,427)

($129,812)

($133,288)

Net Property Income

$563,808

$584,797

$600,345

$617,035

$634,202

Expenses

Interest Costs^

$182,527

$173,679

$165,557

$155,576

$156,948

Trust Management Fee*

$37,000

$38,500

$41,500

$38,500

Trust Expenses (Cost Recovery)*

$15,000

Total Expenses

$182,527

$225,679

$219,057

$212,076

$210,448

Distributable Funds

distributions to Investors. The Forecast Income and

Net Operating Income

$381,281

$359,118

$381,288

$404,960

$423,754

Investor Equity

$4,450,000

Distribution Statement is based on a combination of property information, including but not limited to leases, operating expenditure data, capital expenditure forecasts, best estimates and known assumptions as at the date of this document and should be read in conjunction with the risks set out in Section 7 .

Return on Net Operating Income

8.57%

8.07%

8.57%

9.10%

9.52%

Retention & Contingency

$14,156

($8,007)

$3,038

$4,460

$12,129

Forecast Distribution

$367,125

$378,250

$400,500

$411,625

Forecast Return on Equity

8.25%

8.50%

9.00%

9.25%

The above forecast income and distribution statement is to be read conjunction with Section 3: Financial Information and Section 7: Key Risks . ^The interest cost is based on a forecast drawn LVR between 50%-55% during the 5-year investment horizon. Refer to assumption 1 in the Forecast Income and Distribution Statement (assumptions overleaf). *Refer to assumption 5 in the Forecast Income and Distribution Statement within Section 3: Financial Information .

QUANTA TENNYSON STREET OFFICE TRUST | Information Memorandum