CHARTER HALL GROUP — Capital/Financing Update 2009

Jun 25, 2009

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26 June 2009 Ben Wacher Advisor, Issuers (Sydney) Australian Securities Exchange Exchange Centre 20 Bridge Street Sydney NSW 2000

Dear Mr Wacher

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 completes $76 million Capital Raising

The Charter Hall Group (CHC) is pleased to announce completion of the Capital Raising which was announced on 27 May 2009. CHC has raised $76 million through the issue of 229.9 million securities at 33 cents:

• Private Placements to the Gandel Group (Gandel) of in aggregate 81.7 million securities raising $27 million; and

• Entitlement Offer of approximately 148.1 million securities raising $49 million.

CHC will use the proceeds from the Capital Raising to repay debt, reducing headstock gearing to zero and look through gearing[1] to 34%. The Capital Raising is consistent with the Group’s commitment to prudent capital management and ensures Charter Hall is in a strong position with increased available liquidity to provide additional buffer to any further decline in asset values.

Gandel has made an investment of $30 million in CHC, in addition to the acquisition of $30 million of Core Plus Office Fund units from CHC and the $15 million commitment to the Special Situations Fund. Gandel’s investment in CHC comprises:

• an Initial Private Placement of 72.8 million securities raising $24 million;

• subscription for 9.6 million shortfall securities under the Retail Entitlement Offer raising $3 million; and

• a “top-up” placement of 8.9 million securities raising $3 million.

The initial Placement and Institutional Entitlement Offer raised $56 million through the issue of 169.6 million securities on 12 June 2009.

The securities allocated under the Final Retail Entitlement Offer and top-up placement to Gandel will be allotted on Monday, 29 June 2009. The new securities will commence trading on the ASX on Tuesday, 30 June 2009 and holding statements and refunds (in respect of any additional securities applied for) will be sent to participants on Wednesday, 1 July 2009.

Yours sincerely

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NATHAN FRANCIS

Deputy CFO & Company Secretary

1 Look through gearing calculated by incorporating Charter Hall’s proportional share of assets and debt of the funds in which it coinvests.