INVESTOR UPDATE The Marie Street Trust ARSN 167 058 693 16 Marie Street, Milton, Brisbane, Qld

Property Revaluation In response to evidence of increased commercial property sales and a tightening of investment yields in the Brisbane fringe office market, Unity Pacific (the Manager) determined it to be an appropriate time to revalue the Property.

As a consequence, the Property has been revalued at $22.0 million as at 30 June 2015. The new valuation of $22.0 million is a 7.7% increase in value above the Property acquisition price of $20.425 million (net of fees) and 3.8% above the independent valuation of $21.2 million completed in November 2014. The NTA per unit is now $1.00 per unit as a consequence of the revaluation of the Property.

Trust Highlights

• The settlement of the acquisition of the Property occurred on 18 March 2015.

• First quarterly distribution of 2.62 cents per unit was paid on 21 July 2015 by electronic funds transfer for the period from 18 March 2015 to 30 June 2015.

• New independent valuation of the Property as at 30 June 2015 of $22.0 million.

• Net Tangible Assets (NTA) per unit increased to $1.00 as at 30 June 2015 up from $0.93 as forecast in the Information Memorandum (IM) dated 1 April 2015.

September 2015

Welcome to your first half-yearly Investor Update for The Marie Street Trust (the Trust). Your Investor Update will be issued on a six monthly basis to keep you informed about your investment in the property located at 16 Marie Street, Milton (the Property) and the activities of the Trust.

Property Acquisition The Trust successfully acquired the office building and land at 16 Marie Street Milton, Brisbane, Queensland on 18 March 2015 for $21.710 million, including transaction costs (such as stamp duty, registration and due diligence costs).

The equity funds raised by the Trust in order to settle the acquisition of the Property were a mixture of ordinary units and Unity Pacific’s underwrite units.

Unity Pacific, as the manager and responsible entity of the Trust, secured debt finance consistent with the disclosures in Information Memorandum. Further information on the debt facility is provided below.

Debt Finance and GearingThe Manager used debt finance to fund the balance of the property purchase price. The debt finance was provided to the Trust by National Australia Bank Limited (NAB). Under the terms of the debt facility with NAB, the manager borrowed 40% of the Property’s purchase price which equates to a debt facility of $8.17 million.

The Trust’s primary debt facility, was fully drawn to $8.17 million as at 30 June 2015.

As foreshadowed in the IM, to achieve interest rate certainty and to reduce the potential variability of future results and distributions, the Trust entered into a 4 year fixed interest rate swap for all of the debt facility. The Trust’s primary $8.17 million debt facility expires on 18 March 2019.

A $0.2 million overdraft facility has also been established to manage the Trust’s working capital requirements. The overdraft facility was undrawn as at 30 June 2015.

The Trust complied with all financial covenants required by its financier, NAB, during the year and as at 30 June 2015.

The following table provides key information regarding the Trust’s debt position with NAB as at 30 June 2015.

Debt (bank loan) $’000 8,170

Property loan-to-value ratio (LVR) 1 % 38.5

LVR covenant % 50

Debt hedged % 100

1 Debt divided by bank accepted property valuations as per

facility covenants. The LVR as at 30 June 2015 is based on the valuation completed in October 2014.

Financial PositionThe following table summarises key information regarding the Trust’s financial position as at 30 June 2015:

Total assets $’000 22,833

Net assets $’000 14,026

Debt (bank loan) $’000 8,170

Property loan-to-value ratio (LVR) 1 % 38.5

Units on issue ’000 14,050

Net tangible assets (NTA) per security $ 1.00

Distributions per unit 2 cents 2.62

1 The property LVR as at 30 June 2015 is based on the valuation completed in October 2014.

2 A distribution of 2.62 cents per unit was paid on 21 July 2015 from the Trust for the period 18 March 2015 to 30 June 2015.

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The Milton Residences development adjacent to Milton Railway Station

The new Milton CityCat Terminal approximately 100 metres from the Property

LeasingThe Property currently has 261m2 of vacant space located on Level 1. Property agents have been engaged for the leasing of this space over which the vendor of the Property provides rental support. To assist with leasing, a speculative fitout has been created within this vacancy to enable potential tenants to visualise the vacant area as a workplace. This is common practice recommended by leasing agents to lease difficult areas.

The commercial office leasing market in the Brisbane CBD and fringe office markets like Milton remains challenging.

CapexOther than the fitout of suite 1B, described above, no major capital works have been undertaken at the Property since the acquisition date.

Outlook

The Milton PrecinctThere is currently considerable development activity in the Milton area. The development is predominantly medium to high density residential with a particular focus around Milton train station which is located approximately one kilometre from the Property. According to the Brisbane City Council’s Milton Station Neighbourhood Plan, the design principles for the redevelopment of the area are;

“ Milton will be a high density transit oriented community where people can live, work and play in close proximity to public transport, and in a pedestrian and cyclist friendly environment. Milton will be well connected to the Central Business District (CBD) and neighbouring suburbs by transit and include high quality public spaces and recreation areas.”

Supporting the development in the Milton area, the Brisbane City Council opened the new Milton CityCat terminal in January 2015. The terminal is approximately 100 metres from the Property providing further improved transport links to the Milton area.

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Property Statistics as at 30 June 2015

Location 16 Marie Street, Milton, Brisbane Qld

Sector Commercial

Purchase Price $20.425 million

Acquisition Date 18 March 2015

Valuation $22.0 million (independent valuation as at 30 June 2015)

Capitalisation Rate 8.06%

Net Lettable Area 3,937m2

Occupancy 93.4% (Vendor rental support over the building’s vacant NLA being 261m2 until the end of 2016)

WALE (years) 4.72 years by income

Major Tenants Supercorp Pty Ltd

Part of the speculative fitout installed into the vacant space on Level 1 of the Property

Important Notice and Disclaimers

This document has been prepared by Unity Pacific Funds Management Limited (Unity Pacific) ACN 164 404 595, AFSL 442262 and contains information about The Marie Street Trust (Trust) ARSN 167 058 693. Unity Pacific is the responsible entity and the issuer of units in the Trust. The Trust is open to investment by wholesale and professional investors only. The information in this document is general information only. It does not constitute an offer for the issue, sale or purchase of any units in the Trust, or any recommendations in relation to investing in any asset including the Trust. It is important that investors read the entire Information Memorandum dated 1 April 2015 (IM) before making any decision to invest, acquire or continue to hold an investment

in the Trust. In particular, in considering the prospects of the Trust, it is important that investors consider the risk factors that could affect the performance of the Trust including property, Trust and general risks. While this document has been prepared with all reasonable care, no responsibility or liability is accepted for any errors or omissions or misstatement however caused. The information contained in this document is current as at 30 June 2015 and may change from time to time without notice. All forward looking statements are subject to the assumptions and risks as disclosed in the IM. Past performance should not be relied upon as indicative of future performance. Unity Pacific does not guarantee any particular rate of return on units in the Trust, the performance of the Trust or repayment of capital. Forecasts are not guaranteed.

Trust Matters

Annual Taxation SummaryYour annual taxation summary for the year ended 30 June 2015 was forwarded on 14 August 2015. Please retain your statement for taxation purposes. If you are in any doubt about your taxation or financial position you should seek professional advice.

Financial ReportingThe Trust’s 2015 Annual Financial Report is now available and has been sent (mail or email) to all unitholders.

DistributionsYour first Trust distribution of 2.62 cents per unit (cpu) was paid on 21 July 2015 into your nominated Australian financial institution. A Distribution Statement has also been emailed or posted to you, depending on your prefererred correspondence method. Your next distribution for the quarter ending 30 September 2015 will be paid on or around 20 October 2015.

Changing your DetailsShould you change any of your contact details, or your nominated bank account into which we electronically deposit your distributions, please ensure that you notify us. Any changes will need to be notified to us in writing.

ComplaintsThe Trust Constitution contains procedures for the handling of complaints from unitholders. If a unitholder has a complaint, the unitholder may write or call the Manager (including name, address and the unitholder number). The Manager is required to acknowledge receipt of complaints as soon as practicable, give proper consideration to the complaint and act in good faith to deal with a complaint.

PrivacyUnity Pacific is committed to respecting the privacy of investors by ensuring that it manages any personal information it collects or holds in accordance with the Australian Privacy Principles (‘APPs’). For a copy of the Unity Pacific’s privacy policy and for information about how it deals with this information, including how a unitholder can complain about privacy related matters and how Unity Pacific responds to complaints, please visit the Unity Pacific website (www.unitypacific.com.au) or contact Unity Pacific. A copy of the Privacy Policy is available free of charge and in any form reasonably requested (e.g. electronically or in hard copy).

New Investor Portal Unity Pacific is currently creating a new investor portal which Marie Street Trust unitholders will be able to access. The new portal is in the final stages of its development and will be available in coming weeks.

The portal will provide unitholders with access to information about the Trust including the latest Trust updates and financial reports. Unitholders will also be able to download ‘Change of Details’ forms for changing your address or the bank account used for the deposit of your distributions.

We will contact you soon to provide further details about how to access the investor portal.

Contact Us

For further information about your investment, please contact our investor relations personnel on:

Phone +61 7 3370 4800

Email info@unitypacific.com.au

Mail Unity Pacific GPO Box 5083 Brisbane Qld 4001

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