8 January 2013

ASX Statement/ Media Release

Clarification of press statements made by Darren Olney-Fraser

Becton Property Group Limited ("Becton" or "the Company") (ASX: BEC) notes recent media coverage of press statements made by Mr Darren Olney-Fraser regarding the assignment to GSFIG Limited of Becton's corporate debt facility and Waterloo project debt facility, and wishes to clarify the following:
Becton is not in breach of the terms of its debt facilities; this has been confirmed by the new lender.
Becton will continue to work with its new lender with a view to providing a stable capital structure for the Company.
The Company's Retirement Alliance with the Oman Investment Fund (which trades under the business name of Becton Living), recently stabilised its financial position through the refinancing of its own debt obligations with new senior and mezzanine financiers. These Retirement Alliance facilities are not inter-dependent on Becton's corporate and project debt facilities.

-ends- MEDIA ENQUIRIES

For further information, please contact: Miche Paterson
Kreab Gavin Anderson
03 9659 3000 | 0400 353 762

INVESTOR ENQUIRIES

For further information, please contact: Monika Lancucki
Becton Property Group
03 9832 9014 I 0413 440 236

distributed by