CHARTER HALL GROUP — Capital/Financing Update 2011

Dec 22, 2011

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Charter Hall Office Management Limited ABN 75 006 765 206 AFS Licence No. 247075 as responsible entity of Charter Hall Office REIT

ASX/MEDIA ANNOUNCEMENT

UPDATE ON CONSORTIUM OFFER

Friday, 23 December 2011

The Independent Director Committee (IDC) of Charter Hall Office Management Limited (CHOML), the responsible entity of Charter Hall Office REIT (ASX: CQO) (CQO), provides the following update on the conditional agreement reached on the improved consortium proposal (Proposal) last updated to the ASX on 5 December 2011.

The Proposal was subject to a number of conditions, including execution of a binding Implementation Agreement on or before 22 December 2011. The IDC advises that the negotiation of this document is being finalised, and as such has not yet been executed. An update will be provided to ASX in due course.

For further information please contact:

Adrian Taylor

Chief Executive Officer Charter Hall Office REIT Tel: +61 2 8295 1024 adrian.taylor@charterhall.com.au

About Charter Hall Office REIT

Charter Hall Office REIT is a leading listed real estate investment trust with a portfolio of high grade office buildings predominantly located in major business districts across Australia and the United States (the US portfolio is under contract for sale). A customer focused approach to asset management drives the leasing and refurbishment initiatives with a view to maximising returns of the underlying assets.

Charter Hall Office REIT is managed by Charter Hall Group (ASX:CHC) is one of Australia’s leading fully integrated property groups, with 20 years’ experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has over $10 billion of funds under management across the office, retail, industrial and residential sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide, Perth, Warsaw and Chicago.

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The Group’s success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group. For further information on Charter Hall Group and Charter Hall Office REIT go to www.charterhall.com.au