Announcement

GENERAL: ARG: Albany Lifestyle Centre 12:10p.m. 
ARG  
27/03/2020 12:10  
GENERAL  
NOT PRICE SENSITIVE  
REL: 1210 HRS Argosy Property Limited  
 
GENERAL: ARG: Albany Lifestyle Centre  
 
Argosy Property Limited (Argosy or the Company) has today confirmed that the  
settlement will not take place as planned today.  
Argosy Chief Executive Officer Peter Mence said "We have been advised that  
the purchasers, Cook Property Group Limited who nominated APF Nominee Limited  
as custodian for Augusta Property Fund are unable to settle the unconditional  
sale & purchase agreement. Given the unprecedented times we're currently in,  
we are in discussions with the purchasers to retain the contract on foot and  
defer settlement for three months. Argosy will retain the $4.5 million  
non-refundable deposit and will continue to receive rental income from the  
property."  
 
-END-  
End CA:00350816 For:ARG Type:GENERAL Time:2020-03-27 12:10:59  

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