Press Release

19 December 2015

The Fund has now received the initial payment relating to the settlement of the claim against Minter Ellison Gold Coast.

The settlement agreement relates to the Federal Court action commenced in April 2014 by Trilogy Funds Management Limited against the law firm in respect of losses sustained following a co-lending transaction for the purchase of “Mariner’s Cove Marina” (Asset 32), located at 60-70 Seaworld Drive, Main Beach Queensland (Mariner’s Cove).

We are pleased to confirm that we are making a further return of capital. Payments will be processed on or about 18 December 2015 for Ordinary Unitholders registered as of 16 December 2015.

Litigation Recovery Right Unit and Ordinary Unit Entitlements

The payment from the Minter Ellison Gold Coast settlement agreement is applicable to Ordinary Unitholders only.

As outlined in the Fund’s constitution, Litigation Recovery Right Unitholders are entitled to receive net proceeds after successful litigation. Therefore, after total liabilities, or losses, costs and expenses incurred by the Fund for litigation are reimbursed to ordinary Unitholders, the net proceeds will then be distributed to litigation Unitholders.

If you have any queries with regard to this payment please call Investor Relations on 1800 194 500 or alternatively email investorrelations@trilogyfunds.com.au