360 Capital : Total Return Fund Dec 16 Qtr MIT Notice

Media Release

360 Capital Total Return Fund

24 January 2017

Managed Investment Trust Notice for Custodians and other Intermediary Investors in 360 Capital Total Return Passive Fund

360 Capital Investment Management Limited as responsible entity of the 360 Capital Total Return Passive Fund (360TOTP) considers the Fund is a managed investment trust for the purposes of Subdivision 12-H of the Taxation Administration Act 1953 in respect of the financial year ending 30 June 2017.

Set out below are the estimated taxable components of the December 2016 quarterly distribution to be made on or about 25 January 2017. These components are provided solely for the purposes of Subdivision 12-H of the Taxation Administration Act 1953 (Cth) and should not be used for any other purpose. The components are estimates only - the actual components for the income year ending 30 June 2017 will be advised in August 2017.

Component	Cents per 360TOTP Security
Other Australian Taxable Income	0.933
Interest income	0.024
Tax deferred	0.943
Total distribution	1.9

For the purposes of section 12-415 of Schedule 1 of the Taxation Administration Act 1953, this distribution includes "fund payments" in respect of the income year ending 30 June 2017 as follows:

360TOTP 0.933 cents per Unit

Australian resident Securityholders should not rely on this notice for the purposes of completing their income tax returns. Details of the full year components of distributions will be provided in the annual tax statement which will be sent to Securityholders in August 2017.

More information on TOT can be found on the ASX's website at www.asx.com.au using the Fund's ASX code "TOT", on the Fund's website www.360capital.com.au, by calling the 360 Capital investor enquiry line on 1300 082 130 or emailing [e-mail]

Alternatively please contact:

Tony Pitt Managing Director 360 Capital Group

[phone]

About 360 Capital Total Return Fund (ASX code TOT)

360 Capital Total Return Fund aims to provide total returns with a performance hurdle of 12% per annum to investors through a selective and disciplined investment philosophy, combined with access to real estate based investment opportunities available to the Fund through the 360 Capital platform. The Fund is externally managed by 360 Capital Group, a leading ASX-listed real estate investor and fund manager that operates under a transparent fee structure and is co-invested the Fund to ensure ongoing alignment of interests with Securityholders.

About 360 Capital Group (ASX code TGP)

360 Capital Group is an ASX-listed, property investment and funds management group concentrating on strategic investment and active investment management of property assets. The company actively invests in direct property assets, property securities and various corporate real estate acquisitions within Australian real estate markets on a private equity basis. 360 Capital Group's 15 full time staff have significant property, funds and investment management experience. 360 Capital Group manages nine investment vehicles holding assets valued at over

$1.48 billion on behalf of over 12,000 investors and has over $220 million worth of co-investments across the 360 Capital Group.

Level 8, 56 Pitt Street Sydney NSW 2000 | T [phone] | Fax [phone] | E i [e-mail] | W www.360capital.com.au

360 Capital Investment Management Limited ABN 38 133 363 185 AFSL 340 304 As responsible entity of the 360 Capital Total Return Fund