CHARTER HALL GROUP — Capital/Financing Update 2007

Dec 20, 2007

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CHARTER HALL and WYLLIE GROUP acquire $41 million Fosters portfolio in Abbotsford, Melbourne

Friday, 21 December 2007

Charter Hall announces that its managed fund DPF, has acquired in joint venture with the Perth based Wyllie Group, a $41 million portfolio of properties located within the inner city Melbourne suburb of Abbotsford.

The publicly listed Fosters Group has leased back the portfolio of 10 properties for 10 + 5+ 5 year periods. The properties are located adjacent to or nearby to the Fosters Abbotsford Brewery and the adjoining Yarra River. The buildings are predominantly used for offices, visitors and display centre together with open car parks used to accommodate staff working at the brewery.

“Abbotsford continues to be gentrified and we believe the long term outlook for these investments will provide both capital growth and secure, growing income returns with the benefit of 3.75% per annum rental increases” according to Charter Hall’s Joint Managing Director, David Harrison.

The properties were secured on an initial yield of 7.12% and comprise a total of 20,000m2 of land area and a combined lettable area of buildings that are developed of approx 12,000m2. This latest acquisition by DPF follows this week’s $25 million purchase of Fortesque House in West Perth, bringing the DPF national portfolio to $246 million.

Wyllie Group managing director Melissa Karlson commented, “we are delighted to further progress the relationship with Charter Hall since the creation of the joint venture to own St Georges Square in Perth CBD during 2006. Wyllie Group has been intent on diversifying our property interests toward the eastern seaboard markets and believe this portfolio is secure, but also provides flexibility with multiple sites, divestment options and redevelopment potential over the long term.”

Charter Hall Limited

ABN 57 113 531 150

Level 11 | 333 George Street | SYDNEY | NSW 2000 GPO Box 2704 | SYDNEY NSW 2001 Ph: +61 2 8908 4000 | Fax: +61 2 8908 4040 www.charterhall.com.au

Charter Hall Funds Management Limited ABN 31 082 991 786 Sydney Brisbane Perth Auckland

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The properties will be owned by a jointly owned trust managed by Charter Hall which intends to hold the assets over the medium to long term and may look to expand its jointly owned property holdings.

Colliers agents John Marasco and Nick Rathgeber negotiated the sale.

ENDS

For more information contact :

David Harrison Melissa Karlson Jo Stiles Joint Managing Director Managing Director Marketing & Communications Manager +61 2 8908 4033 Wyllie Group + 61 2 8908 4026 davidh@charterhall.com.au (08) 93226699 jos@charterhall.com.au Melissa@wylliegroup.com

About the Charter Hall Group:

Charter Hall Group is a property funds management and development company, based in Sydney with offices in 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 Group currently has funds under management in excess of $3 billion. The Charter Hall Group has achieved a solid track record across its activities demonstrating a 10 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, incentivised and motivated management team with diverse expertise across property sectors and risk-return profiles.

Charter Hall Limited

ABN 57 113 531 150

Level 11 | 333 George Street | SYDNEY NSW 2000 GPO Box 2704 | SYDNEY NSW 2001 Ph: +61 2 8908 4000 | Fax: +61 2 8908 4040 www.charterhall.com.au

Charter Hall Funds Management Limited ABN 31 082 991 786 Sydney Brisbane Perth Auckland