CHARTER HALL GROUP — Capital/Financing Update 2009

May 12, 2009

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ASX ANNOUNCEMENT

CHARTER HALL SELLS 3 PROPERTIES FOR $25 MILLION

Wednesday, 13 May 2009

Charter Hall Group (CHC) is pleased to announce that its Core Plus Retail Fund (CPRF) has exchanged unconditional contracts to sell Bunnings Bendigo and Nowra for a total of $20 million to private investors, reflecting yields of 7.39% and 7.7% respectively, through agents Burgess Rawson.

These initial sales represent the early results of marketing campaigns initiated to meet the previously announced de leveraging strategy.

A further sale of a $4.2 million property at Mitcham within the Diversified Property Fund (DPF) has been exchanged through CBRE, representing the first of several assets targeted for sale in DPF.

Charter Hall’s Joint Managing Director, David Harrison expects further sales to be finalised in coming months as the Group’s managed funds sell assets with long term leases to an investor market that “continues to show interest in low risk, well leased property assets, providing fixed rental increases”.

ENDS

For further media enquiries or to arrange a media interview, please contact:

David Harrison	David Southon	Jo Stiles
Joint Managing Director	Joint Managing Director	Marketing & Communications Manager
0412 259 751	0418 479 155	0414 499 199
davidh@charterhall.com.au	davids@charterhall.com.au	jos@charterhall.com.au

About the Charter Hall Group:

Charter Hall Group is a property funds management and development company, based in Sydney with offices in Melbourne, 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 of $3.9 billion. The Charter Hall Group has achieved a solid track record across its activities demonstrating a 13 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 and motivated management team with diverse expertise across property sectors and risk-return profiles.

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Charter Hall Limited

ABN 57 113 531 150 Charter Hall Funds Management Limited ABN 31 082 991 786 Sydney Melbourne Brisbane Perth Adelaide Auckland

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