CHARTER HALL GROUP — Capital/Financing Update 2009

Jul 22, 2009

==> picture [147 x 82] intentionally omitted <==

23 July 2009

The Manager Company Notices Section Australian Securities Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Level 11, 333 George Street Sydney NSW 2000 GPO Box 2704 Sydney NSW 2001 Tel +61 2 8908 4000 Fax +61 2 8908 4040 www.charterhall.com.au Charter Hall Limited ABN 57 113 531 150 Charter Hall Funds Management Limited ABN 31 082 991 786

CHARTER HALL GROUP - DRP ISSUE PRICE

Dear Sir

The Charter Hall Group (ASX: CHC) advises that the issue price of its stapled securities to be allotted under the Distribution Reinvestment Plan (DRP) in respect of the distribution for the 6 months to 30 June 2009 is $0.4722 per stapled security. This price is after the 2% discount as previously notified on 19 June 2009.

The estimated number of stapled securities that will be issued and confirmed in the Appendix 3B is 2,211,071 securities. Following the issue of these securities there would be 700,251,115 securities on issue[1] .

The DRP securities will be issued on the distribution payment date, being Friday 28 August 2009.

Please contact the undersigned if you require further information.

Yours faithfully

==> picture [59 x 40] intentionally omitted <==

Nathan Francis Deputy CFO/Company Secretary

---

1 - Excludes 50,343,595 securities issued under the Executive Loan Security Plan that are not recognised as issued equity for accounting purposes, and hence for EPS/DPS/NTA calculations, in accordance with AASB2 Share Base Payments.