Page 1

ASX Announcement Elanor Elanor Investors Group Grows Funds Under Management Well Positioned for Growth $ 200 million of new Managed Funds established over the period ■ Funds Under Management grew to $ 1.87 billion , up 11 % since 30 June 2020 22 February 2021 ■ Funds management income of $ 14.9 million for the period , a 79 % increase on 1HFY20 12 % increase in annualised recurring funds management income to $ 15.5 million Elanor Investors Group ( " Elanor ” or “ Group ” ) is pleased to announce its interim financial results for the half year ended 31 December 2020 ( " period ” ) . Highlights ■ ■ • Core Earnings for the period of $ 5.5 million , 4.59 cents per security Distributions for the period of 4.13 cents per security , reflecting a payout ratio of 90 % of Core Earnings 11 % net growth in Funds Under Management since 30 June 2020 to $ 1.87 billion Funds management income of $ 14.9 million for the period , an increase of 79 % on 1HFY20 ; annualised recurring funds management income increased 12 % to $ 15.5 million as at 31 December 2020 Key Funds Management initiatives completed during the period : • The establishment of the Riverside Plaza Syndicate in September 2020 which acquired the Riverside Plaza neighbourhood shopping centre in Queanbeyan , NSW , for $ 60.0 million Two further acquisitions by the Elanor Healthcare Real Estate Fund , growing the Fund to approximately $ 188.0 million The establishment of the Burke Street Fund in November 2020 which acquired the commercial office and healthcare properties in 2 Burke Street and 163 Ipswich Road , Woolloongabba QLD for $ 80.2 million The sale of Auburn Central from the Elanor Retail Property Fund ( ASX : ERF ) was completed in December 2020 for $ 129.5 million , a 4.0 % premium to book value . This follows its transformation into a triple - supermarket anchored , metropolitan neighbourhood shopping centre The valuations of the Group's Managed Funds asset portfolio at 31 December 2020 reflected an increase of 3 % from 30 June 2020 " Net Tangible Assets per security increased 13 % to $ 1.47 " Gearing for the Group decreased to 25.0 % ( 29.7 % as at 30 June 2020 ) Commenting on the result , Elanor CEO , Glenn Willis , said : " We are pleased with the continued growth in our funds under management to $ 1.9 billion and particularly pleased with the 79 % growth in our funds management income over the comparative period . Elanor Investors Group | GPO Box 1511 , Sydney NSW 2001 | www.elanorinvestors.com 1