CHARTER HALL GROUP — AGM Information 2012

Nov 7, 2012

Charter Hall Group Annual General Meeting 2012 Chairman’s Address

1. INTRODUCTION

Good afternoon. It is my pleasure to welcome you all to the 2012 Annual General Meeting of the Charter Hall Group.

My name is Kerry Roxburgh and I am the Chairman of the Charter Hall Group Board of Directors.

Now would be a good time to make sure your mobile phones are silent for the duration of this meeting.

It is now 2:30pm, and as the necessary quorum is present, I declare this meeting properly constituted and open.

Now, I would now like to introduce my fellow Board members:

• ♦ Roy Woodhouse, Deputy Chairman;

• ♦ Anne Brennan, Non-Executive Director who Chairs the Remuneration and Human Resources Committee (RHRC) and since August has been acting Chair of the Audit, Risk and Compliance Committee (ARCC);

• ♦ David Deverall, Non-Executive Director, and a member of the ARCC;

• ♦ Peter Kahan, Non-Executive Director, and a member of the RHRC;

• ♦ Colin McGowan, Non-Executive Director, a member of the RHRC, who also Chairs both the Valuation and Investment Committees; and

• ♦ Joint Managing Directors, David Harrison and David Southon.

Also present today and I welcome:

• ♦ Carolyne Rodger, our Company Secretary;

• ♦ Rob Baker and James Dunning, from our Auditor PricewaterhouseCoopers, who will be available to answer any questions of securityholders; and

• ♦ Stuart McCulloch, from our Legal Adviser, Allens.

This afternoon, I will provide a brief overview of the financial year ended June 2012.

Our Joint Managing Directors, David Harrison and David Southon, will then provide an update on our business, some key developments since the end of the 2012 financial year and the outlook for financial year 2013.

1

We will then move to the formal business of the meeting and the resolutions for your consideration.

At the conclusion of the meeting we look forward to joining you for refreshments in the foyer.

Securityholders holding a yellow or red attendance card will have the opportunity to ask questions as we address each item of business listed in the Notice of Meeting. Visitors with blue attendance cards are not permitted to ask questions during this meeting.

Prior to the meeting, Securityholders were invited to direct questions in relation to the Charter Hall Group to either myself as Chairman or to PwC as Auditor, using the question form attached to the Notice of Meeting. Throughout the meeting, the Joint Managing Directors, I and PwC will endeavour to address any questions addressed to us.

Today’s meeting is being webcast live and is available on our website.

I will now proceed with an overview of the financial year ended June 2012.

2. CHAIRMAN’S ADDRESS

The GFC heralded a rough ride for the A-REIT sector. It probably came to an end about 12 months ago.

That said four years on from September 2008, economic and market conditions remain volatile. Through FY12, there were many significant changes at Charter Hall that you will see are listed in the Annual Report.

We were pleased to report operating earnings before specific items of 21.5 cents per security or $63.6m, a 4.4% increase on the prior year. Our operating earnings after specific items of $54.8m and statutory profit after tax of $16.7m were both down on last year, impacted by various noncash and one off specific items, including the CHOF4 provision of $14.2m for its performance fee claw-back and a $5.5m write-down in the carrying value of our CHOF5 co-investment, principally attributed to the Little Bay Cove residential project.

During the year, we restructured our business, better aligning the business model with the Group’s organisational goals. Despite many one off items, I am pleased to say that the underlying business continues to perform well. The full year distribution of 18.2 cents per security was a 10% increase over the prior financial year.

2

FY12 saw an 8% reduction in net operating expenses; improving our property funds management EBITDA margin (before specific items) by 420 basis points to 31.8% and delivering $23m in property funds management earnings for the year.

It was pleasing to see active property and debt management of the co-investment portfolio, lifting the earnings yield by 70 basis points to 7.1% last year.

Privatisation of the listed Charter Hall Office A-REIT (CQO) following the sale of its $1.7bn US portfolio, consolidated our property funds management platform. The US portfolio sale reduced property assets under our management from $10.7bn at 30 June 2011 to $8.9bn at 30 June 2012.

We continued to see strong institutional and retail investor interest in Australian property, with Charter Hall gaining $516m of additional equity since year end and subsequently acquiring approximately $750m of new property assets under management. This has increased our total funds under management to $9.6bn today.

The most significant event in FY12 was the privatisation of CQO in March. This was achieved through a Consortium, comprising Reco Ambrosia Pte Ltd (an affiliate of the Government of Singapore Investment Corporation (Realty) Pte Ltd) and the Public Sector Pension Investment Board (of Canada) acquiring all units in CQO, other than those held by Charter Hall.

CQO was subsequently de-listed from the Australian Securities Exchange and renamed Charter Hall Office Trust (CHOT), becoming one of the Charter Hall managed wholesale partnerships in which Charter Hall holds a 15% co-investment. CHOT has a $1.8bn portfolio of quality Australian office properties located predominately across key Australia CBD markets.

As the manager of substantial capital on behalf of others and with a material co-investment itself, at all times Charter Hall is committed to maintaining the highest level possible of corporate governance standards. In the year just passed, the Charter Hall Board supported the conduct of and implementation of the findings and actions arising from an independent governance and fee structure review, commissioned by the Independent Directors of both the Charter Hall Retail and Office REIT’s, from Ernst Young.

Following the business restructure, along with managing its co-investment portfolio, Charter Hall operates an Investment Management platform, which is serviced by both Property Services and Shared Services divisions.

This structure provides a scalable operating model that is focused on our key stakeholder groups, being fund investors, our tenants, our securityholders and our people.

3

As part of the restructure, Charter Hall commissioned an externally facilitated organisational review that defined our future people needs. People are our greatest asset and it is they who deliver our competitive advantage and resultant business success.

From this review we were able to identify a number of key areas that will sustain our business, including skill development and a commitment to diversity and inclusion.

In November last year, one of our founders, Cedric Fuchs, retired as an Executive Director. Cedric remains with us as an executive director on the Charter Hall Direct Property Board and he is a member of the Group’s managed fund Investment Committees.

On behalf of all stakeholders, I would again like to thank Cedric for his remarkable contribution to the business since its inception, 21 years ago.

Earlier this year, we welcomed David Deverall to the Board as an Independent Non-Executive Director. David, who is CEO of Hunter Hall International Limited, brings extensive experience in financial services, funds management and strategy to the Group.

I will invite David to say a few words later this afternoon, as part of the proposed resolution to reelect him to the Board.

In August this year, I am sorry to say one of our long standing board members, Glenn Fraser, retired as a Non-Executive Director due to an illness in his family. Glenn was Chairman of the Audit and Risk Committee and he made a significant contribution to the Board. We will miss his constructive and balanced approach.

On behalf of all stakeholders, I thank Glenn for this contribution and we wish him and his family well for the future.

We remain cautious about the current global economic environment. As interest rates fall, we have witnessed significant changes to capital markets globally. Since we last met, equity markets have remained volatile and bond markets are now delivering investors, pension funds and retirees record low yields. Historically high asset allocations to bond investments are delivering negative real returns.

It seems that for A-REITs, the worst is behind us.

Over the past 12 months, investors seeking higher returns, turned to property on a global basis, and Australia is on their radar as a safe haven in an uncertain world.

4

Charter Hall is one of very few, if not the only, Australian property companies attracting property investors from each of the listed, wholesale and retail capital markets. Charter Hall is a diversified business, with a hard won track-record in the property sector. Our business is diversified, with investments across three core property asset classes; office, industrial and shopping centres.

Whilst Charter Hall’s principal income source derives mostly from rent collected by the funds within its co-investment portfolio, the outlook for earnings growth in that portfolio and from its property funds management business is positive. Over the past 18 months, we have seen strong demand from Australian and foreign fund managers for prime Australian real estate, often through capital partnering with Charter Hall. In the current interest rate environment, this demand is likely to remain.

Finally, I would like to thank all our investors for their constructive feedback and support over the past 12 months. We welcome and encourage their engagement. Also, I thank the Board and the outstanding team at Charter Hall for their dedication and hard work this year.

I now invite our Joint Managing Directors, David Harrison and David Southon, to provide an operational update.

5

8 November 2012

Charter Hall Group 2012 Annual General Meeting

==> picture [114 x 53] intentionally omitted <==

Charter Hall Group

Board of Directors

==> picture [119 x 53] intentionally omitted <==

==> picture [589 x 284] intentionally omitted <==

----- Start of picture text -----

Kerry Roxburgh
Chairman and Independent
Non-Executive Director
Roy Woodhouse
Anne Brennan
Deputy Chairman
Independent Non-Executive
Independent Non-Executive Director
Director
David Deverall Colin McGowan
Peter Kahan
Independent Independent
Non-Executive Director
Non-Executive Director Non-Executive Director
David Harrison David Southon
Joint Managing Director Joint Managing Director
----- End of picture text -----

1

==> picture [114 x 53] intentionally omitted <==

Agenda

1[Chairman’s address: Kerry Roxburgh ]

Joint Managing Directors’ address: 2 David Harrison and David Southon

3[Items of Business ]

2

==> picture [119 x 53] intentionally omitted <==

Kerry Roxburgh Chairman

==> picture [627 x 253] intentionally omitted <==

Group Overview

Highlights for financial year 2012

==> picture [119 x 53] intentionally omitted <==

Statutory profit after Operating earnings tax before specific items $16.7 million $63.6 million

Operating earnings after specific items $54.8 million

Total funds under management $8.9 million

Net tangible assets per security $2.13

Equity secured since 30 June 2012 $516 million

Yield on investment portfolio

7.1%

4

Group Overview

Charter Hall Office Trust

==> picture [119 x 53] intentionally omitted <==

• Proposal by a Consortium to acquire all units in CQO, other than those held by Charter Hall, was approved at the CQO unitholder meeting in March 2012

• CQO was de-listed from the Australian Securities Exchange on 1 May 2012 and renamed Charter Hall Office Trust (CHOT), one of the Charter Hall managed wholesale partnerships

• CHOT has $1.8 billion portfolio of quality Australian office properties located across key Australian CBD markets

5

Group Overview

Committed to corporate governance

==> picture [119 x 53] intentionally omitted <==

• Independent Chairman

• Board has majority of Non-Executive Directors

• Across the Group, Responsible Entity Boards and Fund Investment Committees are chaired by an Independent Director or Member, and consist of a majority of Independent Directors or Members

• Related party policies and conflicts protocols in place across the Group

• Charter Hall’s Board supported an independent review by Ernst & Young in 2011 of the corporate governance and fee structures in place for Charter Hall Retail REIT and Charter Hall Office REIT

• Review concluded that corporate governance arrangements were already of a high standard

• The Responsibility Entity of Charter Hall Retail REIT adopted a number of refinements suggested as part of this review

6

Group Overview

Providing a scalable business that supports our clients and eo le p p

==> picture [119 x 53] intentionally omitted <==

==> picture [626 x 309] intentionally omitted <==

7

==> picture [119 x 53] intentionally omitted <==

David Harrison and David Southon Joint Managing Directors

==> picture [627 x 253] intentionally omitted <==

Results Summary

Key achievements FY12

==> picture [119 x 53] intentionally omitted <==

• Increase in operating earnings before specific items to 21.5cps, up 4.4%

• Increase in property co-investment yield to 7.1% , up from 6.4%

• Growth in Australian FUM platform of 11% pa over the past 2 years

• Secured over $1bn in equity during FY12 and an additional $516m since June 2012

• Realised $68m (11% NTA) of property co-investment portfolio

• Resized business for a domestic scalable platform

==> picture [140 x 115] intentionally omitted <==

==> picture [81 x 114] intentionally omitted <==

==> picture [73 x 114] intentionally omitted <==

==> picture [88 x 114] intentionally omitted <==

==> picture [140 x 114] intentionally omitted <==

==> picture [106 x 114] intentionally omitted <==

9

Results Summary

Another active year

==> picture [119 x 53] intentionally omitted <==

Investment management

• Secured over $1bn equity and acquired $0.5bn of property assets

Property management and leasing services

• Managed fund portfolio comprising 2.3m sqm of lettable area

• Portfolio generates gross rental income of $817m

• Leased and renewed 245,834 sqm across the managed fund portfolio during the year

• Active management has driven an improvement in occupancy / like-for-like income growth during the year

Transaction services and performance fees

• $2.6bn of transactions throughout the year ($2.1bn of divestments and $0.5bn of acquisitions)

Development management services

• Development book and pipeline with around $800m earmarked for 14 projects

• Development book within CHOF5 of $540m across 5 projects

• Total development book and pipeline of $1.3bn

10

Results Summary

Solid securityholder returns

Total securityholder return FY12: 14.6%

Solid performance over 1 and 3 years to 5 November 2012[1 ]

==> picture [300 x 185] intentionally omitted <==

----- Start of picture text -----

S&P/ASX 200 S&P/ASX 200 Property Charter Hall
Accumulation Index Accumulation Index Securityholders
90% 84.9%
80%
70%
60% 3 yr (%)
50%
1 yr (%)
40% 32.8%
30%
19.8%
20% 11.8% 10.2%
10% 3.8%
0%
S&P/ASX 300 S&P/ASX 200 Charter Hall Group
Accum Index Property Accum
Index
----- End of picture text -----

1. UBS and S&P/ASX 2. FY12 OEPS pre-specific items 3. CAGR refers to compound annual growth rate

==> picture [119 x 53] intentionally omitted <==

Distribution per security growth

==> picture [229 x 106] intentionally omitted <==

----- Start of picture text -----

18.20
16.50
12.55
FY10 FY11 FY12
----- End of picture text -----

Earnings per security growth[2 ]

==> picture [229 x 116] intentionally omitted <==

----- Start of picture text -----

21.51
20.60
16.44
FY10 FY11 FY12
----- End of picture text -----

11

Results Summary

Improved quality of earnings

==> picture [119 x 53] intentionally omitted <==

EBITDA of $65.2m[1] , up 5.4% from $61.9m

89% of earnings generated from annuity style income

==> picture [268 x 177] intentionally omitted <==

----- Start of picture text -----

$39.9m
$37.4m
FY11
FY12
$23.3m
$20.7m
$3.8m
$2.0m
Property Investment Property Funds Development
Management Investment
----- End of picture text -----

97% of earnings from core sector property investments and property funds management

==> picture [265 x 175] intentionally omitted <==

----- Start of picture text -----

Property Investment
61%
Property Funds
Management
36%
Development Investment
----- End of picture text -----

3%

1. Before specific items and excluding non-cash and fair value adjustments, DRF NOI included on a net contribution basis

12

Group Overview

Our strategy

==> picture [119 x 53] intentionally omitted <==

Our strategy is to access, deploy and manage equity that is invested into core Australian real estate sectors to create value and provide growing income and capital returns for investors.

Access to multiple equity sources including listed, pooled wholesale, ACCESS partnership wholesale and direct retail

Superior market penetration through deep industry relationships and offices DEPLOY around Australia, resulting in the majority of transactions being “off-market”

MANAGE Specialist teams in property funds management, asset management, leasing and development services to actively manage those assets to create value

13

Group Overview

Investment strategy

==> picture [119 x 53] intentionally omitted <==

Our investment strategy, focusing on core property asset sectors, will endure macroeconomic cycles and generate growing income and capital returns, consistent with the investment appetite of investors in the real estate asset class.

==> picture [39 x 9] intentionally omitted <==

----- Start of picture text -----

RETAIL
----- End of picture text -----

==> picture [165 x 111] intentionally omitted <==

Carnes Hill Marketplace, Horningsea Park, NSW (wholesale partnership with CQR)

==> picture [165 x 110] intentionally omitted <==

Renmark Plaza, SA (CQR)

OFFICE

==> picture [161 x 111] intentionally omitted <==

171 Collins Street, Melbourne, VIC (CHOT)

==> picture [160 x 110] intentionally omitted <==

Brisbane Square, Brisbane, QLD (CPOF)

==> picture [64 x 9] intentionally omitted <==

----- Start of picture text -----

INDUSTRIAL
----- End of picture text -----

==> picture [162 x 111] intentionally omitted <==

Volkswagen, 24 Muir Road, Chullora, NSW (CPIF)

==> picture [162 x 110] intentionally omitted <==

Coles Logistics Centre, Perth Airport, WA (CPIF/DIF)

14

Group Overview

Australian FUM platform growth

==> picture [119 x 53] intentionally omitted <==

• Group FUM has grown to $9.6bn today

• Good transactional activity with PFA, Bay Village, Bunning's and CQR capital raising completed during the current financial year

• Since year end CHC has secured $516m of equity across Listed, Wholesale and Direct investors

Total Group FUM

Australian FUM by Equity Source

==> picture [274 x 183] intentionally omitted <==

----- Start of picture text -----

12.0
$10.7bn
$10.2bn $9.6bn
10.0
$9.2bn
8.0 $8.5bn
$7.2bn
6.0
4.0
2.0
0.0
June 2009 June 2010 June 2011 AGM
Offshore FUM
Australian Macquarie acquired FUM
Australian FUM (excluding acq from Macquarie)
----- End of picture text -----

==> picture [216 x 172] intentionally omitted <==

----- Start of picture text -----

12
10
11% CAGR over 2 years
8
6
4
2
0
June 2010 June 2011 AGM
Retail Listed Wholesale
----- End of picture text -----

1. CAGR refers to compound annual growth rate

15

Group Overview

Expertise across risk/return spectrum

==> picture [119 x 53] intentionally omitted <==

Charter Hall Funds[1] Risk vs. Return Profile

==> picture [578 x 275] intentionally omitted <==

----- Start of picture text -----

Return
20% + $0.5bn
$0.5bn Real Estate Sectors
Development Retail
15 - 17%
Office
11 – 14% $0.7bn $1.5bn Industrial
Wholesale Diversified
Pooled
9 – 11% $2.0bn $3.0bn $1.9bn
Listed Retail Investor
Wholesale
(CQR) Funds
Partnerships
CORE CORE ACTIVE VALUE ADD OPPORTUNISTIC
Institutional Investors / Institutional Investors Institutional Investors / Institutional Investors /
Pension Funds / Individuals / Pension Funds Pension Funds Pension Funds
----- End of picture text -----

1. FUM as at November 2012

16

Activity since 30 June 2012

Wholesale Partnerships – Bay Village

==> picture [119 x 53] intentionally omitted <==

• Charter Hall managed wholesale mandate acquired $164m Bay Village Shopping Centre on the Central Coast NSW reflecting an 8% capitalisation rate

• Charter Hall co-invested 20% equity alongside overseas pension fund client’s 80% equity investment

• 29,162sqm, expanded and refurbished in 2006, anchored by Woolworths, Coles, Kmart and Aldi

==> picture [325 x 217] intentionally omitted <==

17

Activity since 30 June 2012

Wholesale Partnerships – Bunnings Acquisition

==> picture [119 x 53] intentionally omitted <==

• Charter Hall managed wholesale partnership acquired $207m Bunnings portfolio of seven assets diversified across Australia

• Charter Hall co-invested 10% equity alongside Telstra Super Fund client’s 90% equity investment

• Long WALE portfolio of 13 years, acquired on weighted average cap rate of 7.6% with fixed 3%pa rental increases

==> picture [282 x 215] intentionally omitted <==

18

Activity since 30 June 2012

Direct (Retail and SMSF Investors) Business Growth

==> picture [119 x 53] intentionally omitted <==

PFA Management Rights

• Charter Hall acquired management rights to the PFA Diversified Property Trust (PFA) in August 2012

• PFA DPT is a 13 asset $422m portfolio diversified across Australia

• 4,223 new unit holders for Charter Hall, bringing total managed Fund unit holders and security holders to in excess of 25,000

• PFA Unitholders approved the change of management rights of PFA to Charter Hall by a unitholder vote

Successful Retail & SMSF Capital Raisings

• Charter Hall Investment Fund No.8 (CHIF8) raised $32m in equity to acquire a $55m Perth office asset

• Charter Hall Direct Industrial Fund (DIF1) raised over $119m in equity

• Charter Hall Direct Industrial Fund (DIF2) proposed to be launched with further work in progress on Charter Hall’s next single-asset syndication (CHIF9)

==> picture [206 x 308] intentionally omitted <==

19

Positive Market Outlook

Property Yield Premium to Cash and Bond Rates

==> picture [119 x 53] intentionally omitted <==

 Swap markets pricing in a 72bps reduction in cash rate

 Swap mark	ets pricing in a	72bps reductio
RBA DATE	RATE	CHANGE
Today	3.25
6 Nov 2012	3.09	- 16
4 Dec 2012	2.98	- 27
5 Feb 2013	2.83	- 42
5 Mar 2013	2.72	- 53
2 Apr 2013	2.67	-58
7 May 2013	2.67	-58
4 Jun 2013	2.62	- 63
2 Jul 2013	2.57	-68
6 Aug 2013	2.59	-66
3 Sep 2013	2.56	- 69
1 Oct 2013	2.53	- 72

==> picture [349 x 219] intentionally omitted <==

Source: JLL, RBA, Westpac, Charter Hall Research

Source: Westpac Swap Market Analysis

20

Positive Market Outlook

Australian REITs versus US REITS

==> picture [119 x 53] intentionally omitted <==

• The performance of the NAREIT index against the AREIT index shows the potential impact on REIT valuations in a low interest rate environment

• Despite Australia substantially outperforming the US economically, US property has seen far stronger compression in yields since the GFC

==> picture [362 x 241] intentionally omitted <==

Source: REIT.com, ASX, Charter Hall Research

21

Outlook

FY13 earnings guidance

==> picture [119 x 53] intentionally omitted <==

Subject to unforeseen events, we expect :

 FY13 operating earnings to be in the range of 22.5 to 23.0 cps, representing 5% to 7% growth over FY12

==> picture [142 x 103] intentionally omitted <==

==> picture [90 x 103] intentionally omitted <==

==> picture [74 x 103] intentionally omitted <==

==> picture [82 x 103] intentionally omitted <==

==> picture [143 x 103] intentionally omitted <==

==> picture [108 x 103] intentionally omitted <==

22

==> picture [119 x 53] intentionally omitted <==

Procedural Matters

==> picture [627 x 252] intentionally omitted <==

Procedural Matters

Procedural Matters

==> picture [119 x 53] intentionally omitted <==

• If there are any Securityholders who are eligible to vote who have not received their yellow voting card, please see a representative from Link Market Services at the registration desk

• Securityholders holding a red card are not eligible to vote but can speak at the meeting

• Visitors holding a blue card are not eligible to vote or speak at the meeting

• Copies of the Notice of Meeting, Explanatory Memorandum, and Annual Report are available from the front desk

24

Procedural Matters

Item 1

==> picture [119 x 53] intentionally omitted <==

 Item 1 – Annual Report

• To receive and consider the Annual Report, consisting of the Financial Report, Directors’ Report and Auditors Report for the financial year ended 30 June 2012

• Note: There is no requirement for Securityholders to approve these reports

• Mr James Dunning / Mr Rob Baker of PwC will answer any questions relating to the conduct of the 30 June 2012 audit, the preparation of the financial statements, and the independence of PwC as auditor

25

Procedural Matters

Resolutions

==> picture [119 x 53] intentionally omitted <==

Resolutions:

Resolutions 2.1, 2.2, 2.3, and 3 are proposed as ordinary resolutions of Charter Hall Limited ( CHL ) and will be approved if passed by at least 50% of votes cast by securityholders entitled to vote on the resolution.

Resolutions 4.1 and 4.2 are proposed as ordinary resolutions of CHL and Charter Hall Property Trust ( CHPT ) and will be approved if passed by at least 50% of votes cast by securityholders entitled to vote on the resolution.

Voting on all resolutions will take place on a show of hands (unless a poll is demanded in accordance with CHL’s Constitution, the Corporations Act 2001 (Cth) ( Corporations Act ) or the ASX Listing Rules ( Listing Rules )).

Your Directors’ support the resolutions being put to Securityholders, except for situations where they have an interest in that resolution, in which case, they individually make no recommendation.

Where permitted to do so, the Chairman of the Meeting will vote all available proxies ‘for’ each item of business

26

Procedural Matters

Resolution 2.1

==> picture [119 x 53] intentionally omitted <==

To consider, and if thought fit, pass the following ordinary resolution of CHL:

“That Mr David Southon, a Director of CHL retiring in accordance with the CHL Constitution, is re-elected as a Director of CHL”

Resolution 2.1 is an ordinary resolution of CHL, and will be approved if passed by at least 50% of the votes cast by securityholders entitled to vote on the resolution.

27

Procedural Matters

Resolution 2.1- Proxies

==> picture [119 x 53] intentionally omitted <==

FOR

FOR 241,527,052 98.88% OPEN: 2,434,621 1.00% AGAINST: 290,920 0.12% ABSTAIN: 356,750

28

Procedural Matters

Resolution 2.2

==> picture [119 x 53] intentionally omitted <==

To consider, and if thought fit, pass the following ordinary resolution of CHL:

“That Mr Peter Kahan, a Director of CHL retiring in accordance with the CHL Constitution, is re-elected as a Director of CHL”

Resolution 2.2 is an ordinary resolution of CHL, and will be approved if passed by at least 50% of the votes cast by securityholders entitled to vote on the resolution.

29

Procedural Matters

Resolution 2.2- Proxies

==> picture [119 x 53] intentionally omitted <==

FOR 243,459,306 98.86% OPEN: 2,434,639 0.99% AGAINST: 383,010 0.16% ABSTAIN: 213,000

30

Procedural Matters

Resolution 2.3

==> picture [119 x 53] intentionally omitted <==

To consider, and if thought fit, pass the following ordinary resolution of CHL:

“That Mr David Deverall, appointed as an additional Director of CHL by the Board, is elected as a Director of CHL”

Resolution 2.3 is an ordinary resolution of CHL, and will be approved if passed by at least 50% of the votes cast by securityholders entitled to vote on the resolution.

31

Procedural Matters

Resolution 2.3- Proxies

==> picture [119 x 53] intentionally omitted <==

FOR 243,520,775 98.90% OPEN: 2,434,639 0.99% AGAINST: 286,182 0.12% ABSTAIN: 248,359

32

Procedural Matters

Resolution 3

==> picture [119 x 53] intentionally omitted <==

To consider, and if thought fit, pass the following ordinary resolution of CHL:

"That the Remuneration Report included in the Annual Report for the year ended 30 June 2012 be adopted.“

Resolution 3 is an ordinary resolution of CHL, and will be approved if passed by at least 50% of the votes cast by securityholders entitled to vote on the resolution.

Note: The vote on this resolution is advisory only and does not bind Charter Hall Group of the Directors of CHL.

33

Procedural Matters

Resolution 3 - Proxies

==> picture [119 x 53] intentionally omitted <==

FOR 239,674,327 98.89% OPEN: 2,437,339 1.01% AGAINST: 258,528 0.11% ABSTAIN: 705,500

34

Procedural Matters

Resolution 4.1

==> picture [119 x 53] intentionally omitted <==

To consider, and if thought fit, pass the following ordinary resolution of CHL and CHPT:

"That approval is given for all purposes under the Corporations Act and the Listing Rules (in particular Listing Rule 10.14) for the issue of 346,847 performance rights to Mr David Southon as described in the Explanatory Memorandum.”

Resolution 4.1 is an ordinary resolution of CHL and CHPT, and will be approved if passed by at least 50% of the votes cast by securityholders entitled to vote on the resolution.

35

Procedural Matters

Resolution 4.1 - Proxies

==> picture [119 x 53] intentionally omitted <==

FOR 239,626,014 98.88% OPEN: 2,428,866 1.00% AGAINST: 281,564 0.12% ABSTAIN: 739,250

36

Procedural Matters

Resolution 4.2

==> picture [119 x 53] intentionally omitted <==

To consider, and if thought fit, pass the following ordinary resolution of CHL and CHPT:

"That approval is given for all purposes under the Corporations Act and the Listing Rules (in particular Listing Rule 10.14) for the issue of 346,847 performance rights to Mr David Harrison as described in the Explanatory Memorandum.”

Resolution 4.2 is an ordinary resolution of CHL and CHPT, and will be approved if passed by at least 50% of the votes cast by securityholders entitled to vote on the resolution.

37

Procedural Matters

Resolution 4.2 - Proxies

==> picture [119 x 53] intentionally omitted <==

FOR 239,643,418 98.88% OPEN: 2,432,266 1.00% AGAINST: 279,510 0.12% ABSTAIN: 720,500

38

==> picture [119 x 53] intentionally omitted <==

==> picture [629 x 334] intentionally omitted <==

----- Start of picture text -----

Questions
----- End of picture text -----

Charter Hall Group

Disclaimer

==> picture [119 x 53] intentionally omitted <==

This presentation has been prepared by Charter Hall Group (Charter Hall Limited (ABN 57 113 531 150) and Charter Hall Funds Management Limited (ABN 31 082 991 786) (AFSL 262861) as the Responsible Entity for Charter Hall Property Trust (ARSN 113 339 147)).

This presentation is not intended as an offer or solicitation with respect to the purchase or sale of any security nor does it constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorised or to whom it is unlawful to make such solicitation or offer.

Any investment decision with respect to any transaction involving Charter Hall Group should be made based solely upon any offering documents, if applicable, and appropriate due diligence by the prospective investor.

We believe the information provided herein is reliable, as of the date hereof, but do not warrant its accuracy or completeness. In preparing these materials, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources.

Past performance is not a reliable indicator of future performance. This presentation includes forward-looking statements that represent opinions, estimates and projections, which may not be realised. Forecasts, by their very nature, are subject to uncertainty and contingencies, many of which are outside the control of the Charter Hall Group. Actual results may vary from any forecasts and any variation may be materially positive or negative. This presentation includes forward-looking statements that represent opinions, estimates and projections, which may not be realised. We believe the information provided herein is reliable, as of the date hereof, but do not warrant its accuracy or completeness. In preparing these materials, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources.

All information contained herein is current as at 30 June 2012 unless otherwise stated.

© Charter Hall Group 2012.

40

==> picture [114 x 53] intentionally omitted <==

Further information

David Southon Joint Managing Director +61 2 8908 4025 david.southon@charterhall.com.au

Nick Kelly Head of Investor Relations +61 2 8908 4028 nick.kelly@charterhall.com.au

David Harrison Joint Managing Director +61 2 8908 4033 david.harrison@charterhall.com.au Paul Altschwager Chief Financial Officer +61 2 8295 1004 paul.altschwager@charterhall.com.au

41