CHARTER HALL GROUP — Capital/Financing Update 2011

Oct 4, 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 APPROACH FROM MACQUARIE CAPITAL LED CONSORTIUM

Wednesday, 5 October 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.

Further to its ASX announcement on 29 August 2011 concerning the approach from a consortium arranged by Macquarie Capital Group (Consortium), the IDC advises it has, with the assistance of advisers, had further discussions with the Consortium with a view to clarifying and improving the Indicative Proposal which CHOML received on 26 August 2011.

The Consortium has provided a further indicative, highly conditional, non-binding and confidential proposal (Revised Proposal) to acquire for cash all of the CQO issued units, other than those that would be held by Charter Hall Group (ASX:CHC). Under the Revised Proposal the Consortium would offer $2.43 per CQO unit for the Australian assets (Offer), an increase of $0.04 per unit, with CQO unitholders remaining entitled to the proceeds from the sale of the US assets. The Offer represents a discount of 7.6% to the pro forma NTA or a 4.9% discount to gross asset value of the Australian assets as at 30 June 2011.

The Consortium has clarified that CQO unitholders would also receive the distribution for the half year ended 31 December 2011.

The Revised Proposal contains the same conditions as the Indicative Proposal, however the Revised Proposal also provides an option of closing the Australian portfolio sale before the US portfolio sale completes.

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The IDC believes that the Revised Proposal is still not adequate, and as such, have agreed to provide the Consortium with further due diligence material at the cost of the Consortium, and on a non-exclusive basis, in order to improve their Revised Proposal.

The IDC can provide no assurance that any proposal will proceed. Accordingly, CQO unitholders should take no action at this time. The IDC will provide a further update when appropriate.

For further information please contact:

Adrian Taylor Jill Rikard-Bell Chief Executive Officer Chief Operating Officer Charter Hall Office REIT Charter Hall Office REIT Tel: +61 2 8295 1024 Tel: +61 2 8295 1013 - adrian.taylor@charterhall.com.au jill.rikard bell@charterhall.com.au

About Charter Hall Office REIT

Charter Hall Office REIT is a leading listed real estate investment trust focused on investing in 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.

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