CHARTER HALL GROUP — Capital/Financing Update 2012

Sep 12, 2012

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13 September 2012

ASX Market Announcements 20 Bridge Street SYDNEY NSW 2000

Dear Sir / Madam

Sale of 9.69ha site at Kingston Industrial Estate

In accordance with listing rule 3.1, Watpac advises that late yesterday afternoon it completed the sale of its 9.69ha site at the Kingston Industrial Estate development to the Charter Hall Group managed fund, Direct Industrial Fund 1. The total sales value achieved of $20.85 million was in line with book value, with $15 million received at settlement. The balance sales proceeds comprise fees for further development works, to be undertaken by Watpac, on part of the land. All amounts due under the sale agreement are expected to be received in the 2013 financial year.

The Watpac Group continues to hold a 2.35ha development site at the Kingston Industrial Estate which has been earmarked for sale in the near term.

Yours sincerely, WATPAC LIMITED

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Mark Baker COMPANY SECRETARY

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