BECTON PROPERTY GROUP LIMITED 
By
Becton Property Group Limited ("Becton" or "the Group") (ASX: BEC) has been notified by Titanium Property Investment Ltd ("Titanium"), the holder of options in respect of 548,579 shares in Becton Property Group Limited ("BPGL Options") and 548,579 units in Becton Property Trust
("BPT Options") of its intention to exercise those options.
The conversion of those options into BEC stapled securities took place today. In summary: 548,579 BPGL Options and 548,579 BPT Options have been converted, and
3,214,136 BPGL Options and 3,214,136 BPT Options remain on issue and are yet to be converted.
On conversion by Titanium of the BPGL Options and the BPT Options
Titanium holds 13.17 per cent of the issued capital of Becton, and
the issued capital of Becton increases from 7,529,814 stapled securities to 8,078,393 stapled securities.
In addition, the Group's financier BOS International holds $33 million preferred equity which today, at the holder's option, could be converted into 7.095 million* BEC stapled securities.
-Ends- MEDIA ENQUIRIES
Felicity Allen
Kreab Gavin Anderson
03 9659 3000 | 0413 946 701
Monika Lancucki
Becton Property Group
03 9832 9014 I 0413 440 126
* At the Group's Annual General Meeting on 25 November 2011, securityholders approved a resolution to consolidate securities on a 200:1 basis. Entitlement to preferred equity is adjusted accordingly.
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