CHARTER HALL GROUP — Capital/Financing Update 2012

Feb 5, 2012

==> picture [156 x 86] intentionally omitted <==

ASX/MEDIA ANNOUNCEMENT

CHARTER HALL GROUP COMPLETES $150M WHOLESALE EQUITY RAISING

Monday, 6 February 2012

Charter Hall Group (ASX:CHC) (the „Group‟) today announced it has completed a $150 million equity raising for its Core Plus Industrial Fund (CPIF). At the full year results presentation in August 2011, the Group announced it had secured approximately $85 million of the $150 million equity target for CPIF, with the balance expected to be committed in the first quarter of 2012.

CPIF is the Group‟s flagship wholesale industrial fund with a portfolio of approximately $500 million of industrial distribution centres leased by major corporates including Coles, Woolworths, Volkswagen, Toll, Schenker and Smorgon Steel, and a weighted average lease term of 12 years. The Group has a $53 million co-investment (representing a 13% stake) in the Fund. Following the closing of this raising and the existing debt capacity, CPIF has the potential to grow by an additional $150 million which would make it one of the largest pure logistics wholesale funds in Australia.

Charter Hall‟s Joint Managing Director, David Harrison, said: “The additional wholesale equity raised within CPIF, and the recent $200 million raised within our Core Plus Office Fund, enables Charter Hall to continue to build our capacity to source earnings and value accretive acquisitions and pre-leased developments.

“These further investment commitments from domestic and international Charter Hall wholesale clients recognise the cyclical opportunity for acquiring investment grade industrial property in a falling interest rate environment combined with strong market fundamentals from low vacancy levels, limited new supply and stable tenant demand in most metropolitan markets,” Mr Harrison said.

“CPIF utilised the initial $85 million of equity during 2010 acquiring two investment assets for a total of $135 million; the $60 million distribution facility and headquarters for Volkswagen Australia in Chullora, NSW and the $75 million Woolworths Regional Distribution Facility in Tasmania. With the additional equity commitments, we expect to secure further quality assets for our CPIF investors over the coming months,” CPIF Fund Manager, Mr Paul Ford, added.

==> picture [209 x 114] intentionally omitted <==

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 28908 4093 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 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.

2