0.7745 Cash and 0.4516 DEXUS Securities
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THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to how to act, you should consult your professional adviser as soon as possible. BIDDER’S STATEMENT OFFER BY: DEXUS Funds Management Limited (ABN 24 060 920 783) in its capacity as trustee of DEXUS Office Trust Australia (a vehicle owned equally by DEXUS Property Group and Canada Pension Plan Investment Board) to Commonwealth Managed Investments Limited (ACN 084 098 180) in its capacity as responsible entity of Commonwealth Property Office Fund to acquire all your units in Commonwealth Property Office Fund (ARSN 086 029 736) For each Unit you will receive: $0.7745 cash and 0.4516 DEXUS Securities Financial ADVisers: LEGAL ADViser: If you have any questions about the DEXUS Offer, please call the DEXUS Offer Information Line on 1800 220 771 (callers in Australia) or +61 1800 220 771 (callers outside Australia) between 8.30am and 5.30pm (Sydney time) on Business Days. The DEXUS Offer is dated Monday, 6 January 2014 and will close at 7.00pm (Sydney time) on Friday, 7 February 2014, unless extended. This Bidder’s Statement was lodged with ASIC on 19 December 2013. IMPOrtant INFOrmatiON Important information This Bidder’s Statement is neither an offer to sell to Information on CPA The DEXUS Offer described within this Bidder’s nor a solicitation of an offer to buy securities (as such The information on CPA, CPA Group, CPA Units and Statement is given by DEXUS Funds Management terms are defined under the US Securities Act) – other CPA Group’s business and assets and the Combined than CPA Units – from Ineligible Foreign Unitholders. Limited (ABN 24 060 920 783) in its capacity as trustee Group (to the extent that it incorporates or reflects of DEXUS Office Trust Australia (“Bidder”) (indirectly The DEXUS Securities to be issued pursuant to the DEXUS Offer have not been, and will not be, registered information on CPA) contained in this Bidder’s held by DEXUS and CPPIB) to Commonwealth Managed Statement has been prepared based on a review of Investments Limited (ACN 084 098 180) in its capacity under the US Securities Act or the securities laws of any United States state or other jurisdiction and therefore publicly available and non-public information received as responsible entity of Commonwealth Property Office in due diligence and should not be considered Fund (“CPA”) under Part 6.5 of the Corporations may not be offered or sold to persons resident in or located in the United States without registration or an comprehensive. Information in this Bidder’s Statement Act and sets out certain disclosures required by the concerning CPA, CPA Group, CPA Units and CPA Corporations Act together with the terms of the DEXUS applicable exemption from the registration requirements Group’s business and assets and the Combined Group Offer to acquire your CPA Units. of the US Securities Act. (to the extent that it incorporates or reflects information None of the US Securities Exchange Commission, any You should read this Bidder’s Statement in its entirety. on CPA) has not been independently verified by United States state securities commission or any other This Bidder’s Statement is dated 19 December 2013 United States regulatory authority has passed comment Bidder. Subject to the Corporations Act, none of and includes a DEXUS Offer dated 6 January 2014 on upon or endorsed the merits of the DEXUS Offer or the Bidder, the Directors, nor any member of Bidder Group the terms set out in Appendices 1 and 2 of this Bidder’s accuracy, adequacy or completeness of this Bidder’s or their respective officers or employees make any Statement. Statement. Any representation to the contrary is a representation or warranty (express or implied) as to the accuracy or completeness of this information. Australian Securities and Investments Commission criminal offence. In making the DEXUS Offer available to persons in New Further information relating to CPA Group’s business A copy of this Bidder’s Statement was lodged with ASIC may be included in the Target’s Statement which CMIL on 19 December 2013. Neither ASIC nor any of its Zealand, Bidder is relying on an exemption contained in must provide to CPA Unitholders in response to this officers takes any responsibility for the content of this the New Zealand Securities Act (Overseas Companies) Bidder’s Statement. Exemption Notice 2013. This Bidder’s Statement is not Bidder’s Statement. a prospectus or an investment statement under New Defined terms Zealand law, and may not contain all the information Privacy Capitalised terms and certain abbreviations used in that a prospectus or investment statement under New Bidder has collected your information from the register this Bidder’s Statement are defined in the glossary in Zealand law is required to contain. of CPA Unitholders for the purpose of making this DEXUS Offer and, if accepted, administering your Section 15, along with certain rules of interpretation Unmarketable Parcel Security holders which apply to this Bidder’s Statement. Unless the holding of CPA Units. The type of information Bidder contrary intention appears, the context requires Unmarketable Parcel Security holders who accept the has collected about you includes your name, address, otherwise or words are defined in Section 15, words DEXUS Offer will not receive DEXUS Securities but will contact details and information on your securities and phrases in this Bidder’s Statement have the same be paid a cash amount calculated in accordance with holding in CPA. Without this information, Bidder will be meaning and interpretation as in the Corporations Act. Section 6.3 of the Offer Terms in Appendix 1. hindered in its ability to carry out the DEXUS Offer. Unless otherwise indicated, all references to sections Disclosure regarding forward looking statements The Corporations Act requires the names and are references to sections of this Bidder’s Statement. This Bidder’s Statement contains certain forward addresses of CPA Unitholders to be held in a public register. Your information may be disclosed on a Investment advice looking statements which have not been based solely on historical facts, but are rather based on Bidder’s and confidential basis to Bidder’s Related Bodies Corporate, The information in this Bidder’s Statement is general Bidder Group’s current expectations about future events and holders of securities in Bidder or its related bodies information only, and does not take into account your and results. These forward looking statements are, corporate and external service providers (for example, individual investment objectives, financial situation or however, subject to various inherent risks, uncertainties Link Market Services Limited and providers of print and needs. You should consider whether the information and assumptions, in that they may be affected by a mail services), and may be required to be disclosed in this Bidder’s Statement is appropriate for you in variety of known and unknown risks, variables and to regulators, such as ASIC. If you would like details of light of your objectives, financial situation and needs. other factors, many of which are beyond the control of information held about you by Bidder or Link Market Accordingly, before making a decision whether or not to Bidder and which could cause actual events or results Services Limited please contact them at the addresses accept the DEXUS Offer and whether DEXUS Securities to differ materially from the expectations described in set out in the corporate directory. are an appropriate investment for you, please consult such forward looking statements. These factors include, your professional adviser. amongst other things, the risks identified in Section 11, Websites Notice to foreign CPA Unitholders as well as other matters not yet known to Bidder or not CMIL maintains a website in relation to CPA at currently considered material by Bidder. CPA Unitholders should note that part of the www.cfsgam.com.au/au/property/cpa/Home. consideration under the DEXUS Offer is DEXUS Actual events, results, values, performance or DEXUS, a member of the Bidder Group, also maintains Securities, which are stapled units in four Australian achievements may differ materially from the events, a website at www.dexus.com. registered managed investment schemes. Those results, values, performance or achievements expressed CPPIB, a member of the Bidder Group, also maintains a securities will be listed on ASX. The DEXUS Offer is or implied in any forward looking statement and subject to disclosure requirements in Australia which deviations are both normal and to be expected. The past website at www.cppib.com. are different from those applicable in other countries. performance of Bidder, Bidder Group and CPA is no Information contained on, or otherwise accessible guarantee of future performance. Except to the extent DEXUS Securities will only be issued under the DEXUS through these websites is not a part of this Bidder’s required by law, none of Bidder, the Directors, nor any Statement. All references in this Bidder’s Statement to Offer to CPA Unitholders with registered addresses in member of Bidder Group or their respective officers Australia, its external territories or New Zealand, unless these internet sites are inactive textual references to or employees, any persons named in this Bidder’s these sites and are for your information only. Bidder determines to the contrary. Statement with their consent or any person involved Ineligible Foreign Unitholders will not be entitled to in the preparation of this Bidder’s Statement, make Updated information DEXUS Securities as part of the Offer Consideration. any representation, warranty, assurance or guarantee Instead, the DEXUS Securities to which they would (express or implied) as to the accuracy or likelihood Information contained in this Bidder’s Statement is otherwise be entitled will be issued to the Nominee.