CHARTER HALL GROUP — Capital/Financing Update 2009

Jan 22, 2009

==> picture [157 x 87] intentionally omitted <==

23 January 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 31 December 2008 is $0.2879 per stapled security. This price is after the 2% discount as previously notified on 17 December 2008.

We are also pleased to advise that there was a 35% DRP participation, based on total securities eligible for the DRP[1] .

Based on the estimated first half FY09 distribution of 3.96 cents per security (which equates to the estimated underlying cash earnings per security for the period), the number of stapled securities that will be issued and confirmed in the Appendix 3B is 21,760,054. Following the issue of these securities there will be 468,197,698 securities on issue[2] .

As a result of the DRP participation, $6.3m of the estimated $17.7m distribution (based on 3.96 cents per security) will be retained.

The DRP securities will be issued on the distribution payment date being Friday 27 February 2009.

Please contact the undersigned if you require further information.

Yours faithfully

==> picture [64 x 43] intentionally omitted <==

Nathan Francis Deputy CFO/Company Secretary

---

1 - Securities issued under the ELSP are not eligible for participation in the DRP.

2 - Excludes 50,343,595 securities issued under the ELSP that are not recognised as issued equity, and hence for EPS/DPS/NTA calculations, in accordance with AASB2 Share Base Payments.