CHARTER HALL GROUP — AGM Information 2009

Nov 1, 2009

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ASX ANNOUNCEMENT

SUPPLEMENTARY INFORMATION TO NOTICE OF ANNUAL GENERAL MEETING TO BE HELD ON 11 NOVEMBER 2009

Monday, 2 November 2009

Charter Hall Group (CHC) provides supplementary information pursuant to its Notice of Meeting (NoM) dated 9 October 2009, for the Annual General Meeting (AGM) to be held 11 November 2009.

Following feedback received about the Annual Report and NoM, Messrs David Harrison, David Southon and Cedric Fuchs (the Executive Directors) and Charter Hall have agreed to increase the Long Term Incentive (LTI) absolute total shareholder return hurdle (Absolute TSR) from an 8% per annum to 10% per annum total compound return over the vesting period. (Refer resolutions 5, 6 and 7 of the NoM). The Absolute TSR represents 50% of the vesting conditions, whilst the remaining 50% vesting conditions relate to a Relative TSR, which is as per the NoM.

Therefore on page 13 of the NoM, the paragraph under the heading "Absolute TSR performance condition" is amended to reflect the higher 10.0% per annum, total compound return hurdle over the vesting period. It is noted that no vesting under the Absolute TSR occurs until a 10.0% per annum TSR is achieved, thereafter increasing in a straight line to the 12.0% per annum TSR hurdle where full vesting occurs.

Securityholders are advised that this paragraph is amended and it now reads:

"50% of the LTI instrument (option or performance right) that is subject to the absolute performance hurdle (Absolute TSR) will vest if Charter Hall Group achieves a total compounded shareholder return of 10.0% per annum over the vesting period. 100% of the Absolute TSR will vest if Charter Hall Group achieves a total compounded shareholder return of 12.0% per annum over the vesting period. The percentage that will vest if total shareholder return is in between 10.0% per annum and 12.0% per annum will be determined on a linear basis. Please note that the base price for the calculation of the total return is the VWAP for the month of

July 2009 (48.5cps)".

ENDS

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For further enquiries, please contact:

David Southon

David Harrison

Jo Stiles

Joint Managing Director Joint Managing Director Marketing & Communications Manager 0418 479 155 0412 259 751 0414 499 199 davids@charterhall.com.au davidh@charterhall.com.au jos@charterhall.com.au

About the Charter Hall Group:

Charter Hall Group is a property funds management and development company, based in Sydney with offices in Melbourne, Brisbane, Perth and Auckland. Established in 1991 and listed on the ASX in 2005 as a stapled security under the code CHC, Charter Hall Group combines Charter Hall Limited with Charter Hall Property Trust. The Charter Hall Group has achieved a solid track record across its activities demonstrating a 14 year history of managing wholesale capital, making it one of Australia’s leading property fund managers. Charter Hall’s success has been underpinned by a highly skilled and motivated management team with diverse expertise across property sectors and risk-return profiles.