via Namarong Investments Pty Ltd

ACN 005 999 584

Namarong Investments Pty Ltd

237 Toorak Road

South Yarra, VIC 3141, Australia

ASX Announcement 18 March 2014 LITTLE GROUP TAKEOVER OFFER FOR REAL ESTATE CORP LIMITED CASH OFFER PRICE OF $0.37 DECLARED BEST AND FINAL OFFER WILL BE DECLARED UNCONDITIONAL IF 80% ACCEPTANCES REACHED PRIOR TO FINAL WEEK OF OFFER Little Group has declared that the offer price of $0.37 cash per Real Estate Corp Limited (RNC) share under its cash takeover offer made via Namarong Investments Pty Ltd (the Offer) is its best and finalprice.

Little Group is also pleased to announce that it has:

waived all the conditions to the Offer except for the condition that Little Group obtains a relevant interest in at least 90% of the RNC shares; and

extended the Offer period so that the Offer now closes at 7pm (Melbourne time) on 2 April 2014

(unless further extended).
The only condition to the Offer which has not been waived is the requirement that Little Group obtains a relevant interest in at least 90% of the RNC shares.
Little Group advises that it will waive the last condition to the Offer and declare its Offer unconditional
if it receives acceptances in respect of 80% of RNC shares prior to the last week of the Offer. As at
7pm on 17 March 2014, Little Group's relevant interest in RNC was 65.4%.
So that 80% of acceptances are received and the Offer becomes unconditional, RNC shareholders who have not yet accepted the Offer and want to be paid cash for their shares under the Offer should accept as soon as possible.
Little Group reserves its right to waive the outstanding condition even if 80% acceptances are not achieved.
Consistent with the disclosure in the bidder's statement, Little Group confirms that if it declares its Offer unconditional and meets the ASX requirements for de-listing, it intends to cause RNC to apply for de-listing from the ASX (even if Little Group does not achieve the compulsory acquisition threshold of 90%).
The RNC Board has unanimously recommended that RNC shareholders accept the Offer in the absence of a superior proposal.
Little Group is separately lodging formal notices in respect of the waiver of conditions and the extension of the Offer period.

Enquiries:

Phil Meggs

03 9810 2003

Phil.meggs@little.com.au

31437633_4_ASX announcement (1).DOCX

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