Notice of Valuation of Real Assets::December 2014 valuations

Issuer & Securities

Announcement Title: Notice of Valuation of Real Assets
Date &Time of Broadcast: 18-Dec-2014 14:55:21
Status: New
Announcement Sub Title: December 2014 valuations
Announcement Reference: SG141218OTHR7NBI
Submitted By (Co./ Ind. Name): Michelle Brady
Designation: Company Secretary
Effective Date and Time of the event: 18/12/2014 17:00:00
Description (Please provide a detailed description of the event in the box below): Novion Property Group (Novion or the Group) announces that 17 of the Novion 28 Direct Portfolio assets (52 per cent of the portfolio) have been independently valued over the two-month period to 31 December 2014 resulting in a $257.9 million or 5.6 per cent increase on prior book value of the assets valued. The valuations are subject to final audit and will be confirmed in the Novion FY15 interim results to be announced on 18 February 2015.

Valuation of Reports available for inspection at address during office hours: Level 39, MLC Centre, 19 Martin Place, SYDNEY NSW 2000 AUSTRALIA

Total size =187K

Date of Valuation	Name of the Valuer	Description of Property	Valuation Currency	Valuation Amount
18/12/2014	Refer Attachment	Refer Attachment	Australian Dollar	4,839,200,000