CHARTER HALL GROUP — Capital/Financing Update 2012

May 15, 2012

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ASX/MEDIA ANNOUNCEMENT

CHARTER HALL’S CPOF ACQUIRES $96M 50% INTEREST IN PRIME PERTH CBD OFFICE TOWER AND SIGNS $750M DEBT FACILITY

Wednesday, 16 May 2012

Charter Hall Group (ASX:CHC) (the „Group‟) today announced its $1.5 billion wholesale Core Plus Office Fund (CPOF) has acquired the remaining 50% interest in 225 St Georges Terrace in Perth, Western Australia for $96 million.

Located in the heart of Perth‟s CBD, 225 St Georges Terrace is a 19 level A-grade office building offering 21,200 square metres of quality office and 1,000 square metres of retail space. The building is 100% leased to a number of major tenants, including BHP Billiton which occupies 71% of the net lettable area, with Wilson Parking leasing and operating the three level car park.

Having acquired the original 50% of St Georges Terrace in 2006 for $61.5 million, the property has provided strong returns to CPOF investors. The acquisition will be funded via a combination of equity from the recent raising and debt through CPOF‟s new syndicated debt facility. The new $750 million facility provides capacity to grow CPOF to approximately $1.8 billion and increases the Fund‟s weighted average debt maturity from 1.6 years to 3.4 years whilst also reducing the overall interest expense.

Charter Hall‟s Joint Managing Director, David Harrison, said: “The acquisition of St Georges Square consolidates CPOF‟s investment in one of Perth‟s best located prime office towers and is in line with the fund‟s investment mandate to own institutional quality assets where incremental value may be generated from rental reversions and possible expansion of the floor space. Perth has been a strong contributor to CPOF‟s performance and we see this continuing within the lowest CBD vacancy office market in Australia.

“We are pleased with the partnership we have had with the Wyllie Group over many years as co-owner of this asset and other joint ventures and look forward to pursuing other opportunities with them in the future,” Mr Harrison added.

CPOF Fund Manager, Chris Forbes said: “St Georges Square is well positioned to take advantage of

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this forecasted market growth with multiple market reversion opportunities in the next three years providing us the opportunity to deliver enhanced returns for our investors.”

The acquisition price reflects an initial yield of approximately 9% and a market cap rate of 8.5%.

The Fund has also signed a new $750 million syndicated debt facility with all four major Australian banks extending the strong relationship Charter Hall has with these banks. The facility will be drawn to $470 million post completion of the St Georges Square transaction, providing considerable capacity to fund further acquisitions and development and expansion works for existing assets within CPOF.

For further information, please contact:

David Harrison

David Southon

Joint Managing Director Joint Managing Director Tel: +61 2 8908 4033 Tel: +61 2 8908 4025 david.harrison@charterhall.com.au david.southon@charterhall.com.au

Investor enquiries: Media enquiries: Kylie Ramsden Rachel Mornington-West Head of Listed Investor Relations Head of Marketing and Communications Tel: +61 2 8295 1016 Tel: +61 28908 4093 kylie.ramsden@charterhall.com.au rachelm@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.

The Group is Charter Hall Limited (ACN 113 531 150) and Charter Hall Funds Management Limited (ACN 082 991 786; AFSL 262861) (CHFML) as responsible entity of the Charter Hall Property Trust (ARSN 113 339 147). CPOF is CHFML as responsible entity of the Charter Hall Core Plus Office Fund (ARSN 113 339 674).

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