Quattro Re Limited

This licence authorises the licensee to carry on a financial services business to:

provide general financial product advice for the following classes of financial products:

interests in managed investment schemes limited to:

own managed investment scheme only; and

securities;

deal in a financial product by:

issuing, applying for, acquiring, varying or disposing of a financial product in respect of the following classes of financial products:

derivatives;

foreign exchange contracts;

interests in managed investment schemes limited to:

own managed investment scheme only; and

securities; and

applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products:

deposit and payment products including:

basic deposit products;

deposit products other than basic deposit products; and

non-cash payment products;

derivatives;

foreign exchange contracts;

general insurance products;

interests in managed investment schemes excluding investor directed portfolio services; and

securities; and

operate the following kinds of registered managed investment schemes (including the holding of any incidental property) in its capacity as responsible entity:

"Real Estate Capital Partners Enhanced Income Fund" scheme (ARSN: 102 486 966),

a scheme which only holds the following types of property:

direct real property; and

financial assets;

"Real Estate Capital Partners Usa Property Trust" scheme (ARSN: 114 494 503),

a scheme which only holds the following types of property:

derivatives;

direct real property; and

financial assets;

"Real Estate Capital Partners Property Trust 3" scheme (ARSN: 111 225 480),

a scheme which only holds the following types of property:

derivatives; and

direct real property; and

"Quattro Income Reit" scheme (ARSN: 602 197 571),

a scheme which only holds the following types of property:

derivatives;

direct real property; and

financial assets;

to retail and wholesale clients.