Form 603

Corporations Act 2001
Section 671B

Notice of initial substantial holder

ToCompany Name/Scheme Astro Japan Property Group (AJA) ACN/ARSN Comprising the securities of:

Astro Japan Property Trust (ARSN 112 799 854)
Astro Japan Property Group Limited (ABN 25 135 381 663)

1. Details of substantial holder (1)

Name
ACN/ARSN (if applicable)
Mr Eric Lucas
The holder became a substantial holder on 24/01/2013
2. Details of voting power
The total number of votes attached to ali the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)

Number of securities

Person's votes (5)

Voting power (6)

Ordinary stapled securities comprising:

• One unit in Astro Japan

Property Trust

• One share in Astro Japan

Property Group Limited

3,408,813

3,408,813

5.07%

3. Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

r---H-ol-d-er_o_f_re_l_ev_a_n_t-in_re_re_s_t---

N-a-tu_r_e_o f-re-le_v_a-nt-i-nt-e-re_s_t( 7 )----,

---C-Ia_s_s_a-nd n-um be_r_o f-se_c_u-ri tie-s-----.

Mr Eric Lucas

Power to contrai voting and/or disposal of securities

Ordinary stapled securities

3,408,813

4. Details of present registered holders
The persons registered as holders of the securities referred lo in paragraph 3 above are as follows:

Holder of relevant Registered holder of interest securities

Person entitled to be registered as holder (8)

Class and number of securities

Mr Eric Lucas

JP Morgan Nominees Australia Limited

Merrill Lynch (Australia) Nominees Ply

Limited

JP Morgan Nominees Australia Limited

Merrill Lynch (Australia) Nominees Ply

Limited

Ordinary stapled securities

3,085,188

Ordin .ry stapled secunt1es

323.625

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest

Date of acquisition

Consideration (9)

Class and number of securities

Cash

Non-cash

Mr Eric Lucas

24 January 2013

$1,743,335

Ordinary stapled securities

601,150

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)

Nature of association

7. Addresses

The addresses of persons named in this form are as follows:

Name

Address

Mr Eric Lucas

6F, lzumikan Kioi-cho, 4-3, Kio-cho, Chiyoda-ku, Tokyo, 102-0094, JAPAN

Signature

print name Eric Lucas capacity
sign here date 24/1/2013

distributed by