Tax Cost Base Apportionment

For capital gains tax purposes, securityholders who hold a stapled security in Primewest Group Limited are required to apportion the cost of each security between the cost base of shares in Primewest Group Limited and the cost base of units in Primewest Property Fund. The cost base is relevant for any sale or disposal of securities in Primewest Group Limited and the receipt of any tax deferred distributions.

This apportionment is required to be done on a reasonable basis. One reasonable way to determine cost base (and allocation of sale proceeds) is to apply a Net Tangible Asset approach in respect of the stapled entities using the following information:

Primewest Group LimitedPrimewest Property Fund

Primewest Group Limited Primewest Property Fund
30 June 2020 7.8% 92.2%

Please note that the correct apportionment rate to be used depends on the relevant date of the specific transaction. The apportionment rate relevant for the acquisition of a stapled security may differ from the rate on disposal.

Primewest Group Limited typically announces its Net Tangible Assets each 31 December and 30 June.