CHARTER HALL GROUP — Capital/Financing Update 2011

May 15, 2011

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ASX/MEDIA ANNOUNCEMENT

$75 MILLION GROUP DEBT FACILITY EXECUTED

Monday, 16 May 2011

Charter Hall Group (ASX:CHC) (the ‘Group’) today announced it has executed a $75 million corporate debt facility with Westpac Banking Corporation to provide greater liquidity and debt capacity for the Group to assist with working capital and to support new fund initiatives. The facility commences immediately and has a three year term at market pricing.

This new debt facility expands the existing strong relationship with Westpac that extends across a number of Charter Hall’s managed funds and enables early repayment of $33 million drawn against the Group’s existing $40 million facility. It will also allow cancellation of an undrawn $50 million facility that was established with Macquarie early in 2010.

Charter Hall Group Joint Managing Director, David Harrison, said: “As indicated at the time of announcing the last half year results, the Group will give consideration to taking on some balance sheet debt to fund investments, both direct and co-investments in managed funds, to pursue opportunities to grow the business as the property market recovers.”

For further information, please contact:

David Harrison

David Southon

Joint Managing Director Joint Managing Director Tel: +61 412 259 751 Tel: +61 418 479 155 david.harrison@charterhall.com.au david.southon@charterhall.com.au

Investor and media enquiries:

Kylie Ramsden

Head of Listed Investor Relations Tel: +61 2 8295 1016 kylie.ramsden@charterhall.com.au

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About the Charter Hall Group:

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.

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