CHARTER HALL GROUP — Capital/Financing Update 2012

Jul 31, 2012

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ASX/MEDIA ANNOUNCEMENT

CHARTER HALL AND INSTITUTIONAL PARTNER ACQUIRE $164M BAY VILLAGE SHOPPING CENTRE

Wednesday 1, August 2012

Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today announced that a Charter Hall managed wholesale entity has entered into an unconditional contract to acquire Bay Village Shopping Centre in New South Wales for $164 million, reflecting an 8% capitalisation rate.

The property will be held within a newly established unlisted wholesale trust (RP2) owned by a global high quality institutional partner who will hold an 80% equity interest with the remaining 20% equity (amounting to $19.5 million) held by the Charter Hall Property Trust co-investment portfolio. RP2 will draw a $76 million debt facility which together with the total equity commitment of $97.5 million will complete the transaction, including transaction costs. Charter Hall will provide all investment, property, leasing and financial management services for the newly established partnership. The transaction is expected to be marginally earnings accretive for the Group.

Bay Village Shopping Centre is a modern sub-regional shopping centre located in the well-established coastal town of Bateau Bay, 90 kilometres north of Sydney. The 29,162 square metre centre, which was expanded and refurbished in 2005 and 2006, is anchored by a strong performing Woolworths supermarket, Coles supermarket, Kmart DDS and Aldi Supermarket together with mini-majors Best & Less, Dick Smith and the Reject Shop.

Charter Hall’s Joint Managing Director, David Harrison, said: “We are pleased to add Bay Village Shopping Centre to Charter Hall’s managed retail portfolio and to partner with a high quality global institutional investor at this point in the cycle. Charter Hall will continue to source investment grade assets in retail, office and industrial sectors and leverage its in-house property skills across all areas of the business to deliver returns for its investors.”

The acquisition of the Bay Village Shopping Centre, due to complete in late August 2012, increases the value of Charter Hall’s managed Australian retail property portfolios to $2 billion, with approximately 2,500 tenants and circa 780,000 square metres of lettable area.

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For further information, please contact:

David Harrison

Joint Managing Director Tel: +61 2 8908 4033 david.harrison@charterhall.com.au

David Southon

Joint Managing Director Tel: +61 2 8908 4025 david.southon@charterhall.com.au

Investor enquiries:

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

Media enquiries:

Rachel Mornington-West

Head of Marketing and Communications Tel: +61 2 8908 4093 - rachel.mornington west@charterhall.com.au

About the Charter Hall Group:

Charter Hall Group (ASX:CHC) is one of Australia’s leading fully integrated property groups, with over 20 years’ experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has circa $9 billion of funds under management across the office, retail, industrial and residential sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth.

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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