CHARTER HALL GROUP — Capital/Financing Update 2013

Dec 18, 2013

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19 December 2013

ASX Market Announcements 20 Bridge Street SYDNEY NSW 2000

Dear Sir / Madam

Watpac awarded $72 million contract to build new Sydney office tower

In accordance with listing rule 3.1, Watpac Limited advises that it has been awarded a contract by Charter Hall Group’s wholesale managed fund, Core Plus Office Fund (CPOF), to build a new 17-storey office building at 333 George Street in the heart of Sydney’s CBD. The contract is valued at $72 million.

The new commercial tower will be located on the corner of Martin Place and George Street and will feature 15 levels of A-Grade office space, three levels of premium retail, rooftop terraces and basement parking.

Design work has commenced and construction is scheduled to begin during the second quarter of 2014.

A press release is attached.

Yours sincerely, WATPAC LIMITED

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Mark Baker COMPANY SECRETARY

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Media Release

Charter Hall’s 333 George Street Sydney redevelopment set to commence 19 December 2013

Charter Hall Group’s wholesale managed fund, the Core Plus Office Fund (CPOF), is set to commence the demolition and construction of its 331 and 333 George Street site early next year following the appointment of Watpac Limited as construction contractor.

Both 331 and 333 George Street will be redeveloped, transforming the site into a 17 level A-grade office building with outdoor landscaped terraces on levels 12 to 16. The building will also include three levels of premium retail space, totalling 2,000 square metres with extensive frontage to George Street and Regimental Square and basement parking.

Designed by renowned architects Grimshaw and Crone Partners, the building has been designed to suit contemporary office fitouts and is aiming to achieve a 5 star Green Star (V3 Design and As Built) and a 5 star NABERS Energy Rating.

Charter Hall Joint Managing Director David Harrison confirmed the development, which is being managed by the Group’s in house development services team, is expected to deliver a value on completion of $250 million, and is expected to lift the CPOF portfolio to more than $2.1 billion upon completion.

“The redeveloped 333 George Street will enhance the fund’s portfolio quality and total return metrics, delivering CPOF investors with a coveted new A-Grade office asset in the tightly held core Sydney CBD precinct. The reweighting toward Sydney has been planned and timed to coincide with expected upturns in the office market,” Mr Harrison said.

CPOF’s Fund Manager, Chris Forbes, said: “The building’s design approach to form, detail and materiality has been carefully considered to suit the significant location and will harmoniously integrate into the established historic precinct of Martin Place. The building has also been designed with the tenant in mind and will provide efficient and flexible workspaces with high levels of natural light and five rooftop terraces providing unique break out spaces and visual amenity”.

Watpac Limited Chief Executive Officer, Martin Monro, said the project is an important addition to the Group’s national contracting portfolio, which has significant capacity to expand in line with the increased levels of activity in Australia’s construction market.

“This project is a great addition to our workbook and we are very proud to be involved in the delivery of another major office project in the Sydney CBD. Our expert local workforce, backed by a healthy balance sheet and 30 years of leadership in the national construction sector, makes us well placed to capitalise on new opportunities as they arise,” Mr Monro said.

Works on 333 George Street are expected to commence in early to mid 2014, with completion scheduled for mid 2016. A comprehensive office and retail leasing campaign will be launched in early 2014.

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Watpac has previously worked with Charter Hall on a number of major office projects, including the 30,000 square metre Zone at Sydney Olympic Park, the prestigious 40,000 square metre 32-storey office tower at 275 George Street in the Brisbane CBD, and the complete refurbishment of the 26,000 square metre Northbank Plaza office tower at 69 Ann Street in the Brisbane CBD.

About Charter Hall

Charter Hall Group (ASX:CHC) is one of Australia’s leading fully integrated property groups, with over 22 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 and industrial 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.

About Watpac

Watpac is a leading national construction, mining contracting and property development group, celebrating 30 years of success and achievement in 2013. The Group has been listed on the Australian Stock Exchange since 1985 and has offices in Brisbane, Townsville, Sydney, Melbourne, Adelaide and Perth. More information is available at www.watpac.com.au.

For further information

Rachel Mornington-West Sarah Dixon Head of Marketing and Communications Corporate Affairs Manager Charter Hall Watpac T 0434 604 590 T 07 3251 6453 or 0418 748 892 rachel.mornington-west@charterhall.com.au

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