This electronic version of the product disclosure statement and prospectus issued by Becton Property Group Limited (Company) and Becton Investment Management Limited as the responsible entity of the Becton Property Trust (Trust) (Disclosure Document) is only available to residents of Australia. The Disclosure Document and the Application Form accompanying it contain an offer of shares in the Company and units in the Trust (Stapled Securities). Stapled Securities will only be issued to you if you apply using the Application Form accompanying the Disclosure Document.

The Disclosure Document will be accessible on this website during a public exposure period of 7 days following the lodgement of the Disclosure Document or a longer exposure period if specified by the Australian Securities and Investments Commission. The purpose of the exposure period is to enable the Disclosure Document to be examined by market participants prior to the raising of funds.

You can request a free paper copy of the Disclosure Document by calling the Company Information Line on 1300 856 499.

Applications will not be accepted until after the close of the exposure period.

No action has been or is proposed to be taken to register or qualify the shares being offered in any jurisdiction outside Australia. The distribution of the Disclosure Document in jurisdictions outside Australia may be restricted by law and persons who access it should inform themselves of and comply with any such restrictions.

Stapled Securities have not been and will not be registered under the US Securities Act 1933, as amended (“US Securities Act”) and may not be offered or sold in the United States or to, or for the account of a US Person (as defined in Regulation S under the US Securities Act) except in transactions exempt from the registration requirements of the US Securities Act. The Company, the Trust and the Becton Property Group intend to rely on an exemption from the registration requirements of the US Securities Act provided by Rule 802 under the US Securities Act in connection with the issuance of the Stapled Securities.

None of the SEC, any US state securities commission or any other US regulatory authority has passed comment upon or endorsed the merits of the Proposal or the accuracy, adequacy or completeness of this Disclosure Document. Any representation to the contrary is a criminal offence.

For further information see Note to US Persons in the Important Information section on the inside cover of the Disclosure Document.

By downloading the Disclosure Document you represent that you have read and understood the above. If you wish to proceed with viewing the Disclosure Document, please press the button labelled I AGREE, to begin downloading the Disclosure Document as a PDF file.