CHARTER HALL GROUP — Capital/Financing Update 2010

Jul 21, 2010

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ASX/MEDIA ANNOUNCEMENT

CHARTER HALL GROUP DISTRIBUTION REINVESTMENT PLAN ISSUE PRICE

Thursday, 22 July 2010

Charter Hall Group (ASX: CHC) today announced the Distribution Reinvestment Plan (DRP) issue price for the half year ending 30 June 2010 is $0.5946 per stapled security, based on the daily volume weighted average market price of CHC securities traded on the ASX over each of the 15 business days from 2 July 2010 to 22 July 2010 inclusive. The DRP price is after the 2.0% discount previously announced on 21 June 2010.

The Group will raise approximately $7.5 million from the DRP, following a participation rate of approximately 40%[1] , with the proceeds being applied to working capital. The DRP securities will be issued on the distribution payment date, being on or about 27 August 2010.

ENDS

For further information, please contact:

Investor enquiries: Media enquiries: Kylie Ramsden Rachel Mornington-West Head of Listed Investor Relations Senior Communications Manager Charter Hall Charter Hall Tel: +61 2 8295 1016 Tel: +61 28908 4093 kylie.ramsden@charterhall.com.au rachelm@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, Adelaide and Chicago. 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, which will now own and/or manage over $10 billion in real estate assets. The Charter Hall Group has achieved a solid track record across its activities demonstrating a 19 year history of managing wholesale and retail 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.

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