REDEMPTION REQUESTS

Please refer to Sections 6.16(b) and 13.3 (inclusive) of the Product Disclosure Statement (PDS) for full details in respect of the redemption of Units in the Trust.

Subject to the terms of the PDS, where the Trust is liquid, Investors may typically redeem their units in the Trust on a monthly basis on a Redemption Date by providing a written redemption request in accordance with the PDS. Redemption requests must be received by the Responsible Entity at least 10 Business Days prior to the last Business Day of the month.

It is expected, where a Redemption Request is accepted*, that the Responsible Entity will satisfy Redemption Requests within 10 Business Days of the relevant Redemption Date however, under the Constitution the Responsible Entity has up to 912 days from the acceptance of a Redemption Request to pay redeeming Investors their redemption proceeds. In certain circumstances the Responsible Entity may suspend or stagger redemptions in accordance with the Constitution. Unless otherwise determined by the Responsible Entity, for each calendar month, total redemptions will be limited to 5% of the Fund’s net asset value (as at the beginning of that month). If Redemption Requests exceed 5% of the Fund’s Net Asset Value for a calendar month, they will be reduced and processed on a pro rata basis. Investors will be informed of any redemption amount not processed within 10 Business Days of the relevant Redemption Date. If the redemption amount is less than the amount specified in a Redemption Request, the remaining portion of the Redemption Request will not be processed and will be cancelled. Investors will need to submit a new Redemption Request if they wish to withdraw further units in the Fund. Further information is available in the PDS.

Defined terms have the meaning given to them in the PDS. For ease of reference:

Business Day means a day on which banks are open for general banking business in Sydney, Australia.

Redemption Date means the last Business Day of each month.