CHARTER HALL GROUP — Capital/Financing Update 2009

May 26, 2009

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27 May 2009

The Manager Company Notices Section ASX 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

Dear Sir or Madam

Notice under sections 708AA(2)(f) and 1012DAA(2)(f) of the Corporations Act 2001 (Cth) as modified by ASIC Class Order [CO 08/35]

This notice is given by:

• Charter Hall Funds Management Limited (ACN 082 991 786) (the RE ) as responsible entity of the Charter Hall Property Trust (ARSN 113 339 147) (the Trust ); and

• Charter Hall Limited (ACN 113 531 150) (the Company ),

(together, the Charter Hall Group ) under sections 708AA(2)(f) and 1012DAA(2)(f) of the Corporations Act 2001 (Cth) (the Act ) as modified by the Australian Securities & Investments Commission Class Order [CO 08/35].

The Charter Hall Group has announced an accelerated non-renounceable pro-rata entitlement offer of 2 Charter Hall Group stapled securities (each comprising one share in the Company and one unit in the Trust) ( New Securities ) for every 7 Charter Hall Group stapled securities held as at 7.00 pm (Sydney time) on Monday 1 June 2009 by security holders with a registered address in Australia and New Zealand and other jurisdictions in which the Charter Hall Group has decided to make offers. The Charter Hall Group advises that:

• (a) the New Securities will be offered for issue without disclosure to investors under Part 6D.2 of the Act and without a Product Disclosure Statement for the New Securities being prepared;

• (b) this notice is being given under sections 708AA(2)(f) and 1012DAA(2)(f) of the Act as modified by ASIC Class Order [CO 08/35];

• (c) as a disclosing entity, the RE (as the issuer of units in the Trust) is subject to regular reporting and disclosure obligations;

• (d) as at the date of this notice, the Charter Hall Group has complied with:

• (i) the provisions of Chapter 2M of the Act as they apply to the Charter Hall Group; and

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• (ii) section 674 of the Act as it applies to the Charter Hall Group;

• (e) as at the date of this notice, there is no excluded information of the type referred to in sections 708AA(8), 708AA(9), 1012DAA(8) and 1012DAA(9) of the Act as modified by ASIC Class Order [CO 08/35]; and

• (f) the potential effect that the issue of the New Securities will have on the control of the Charter Hall Group, and the consequences of that effect, will depend on the number of factors, including investor demand. However, given the structure of the entitlement offer as a pro rata issue and the fact that (based on substantial holding notices that have been lodged on or prior to the date of this notice) no Charter Hall stapled security holder has voting power exceeding 20% of the Charter Hall Group's issued stapled securities, the issue is not expected to have any material effect or consequence on the control of the Charter Hall Group.

Yours faithfully

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Nathan Francis Deputy CFO & Company Secretary