CHARTER HALL GROUP — Director's Dealing 2007

Dec 18, 2007

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Charter Hall Group (“CHC”) formed by stapling the shares of Charter Hall Limited and the units of Charter Hall Property Trust ABN Charter Hall Limited ABN 57 113 531 150 Charter Hall Property Trust ABN 72 051 224 311

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Glenn Fraser
Date of last notice	19 January 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	-Mr Glenn Montgomery Fraser and MrsKerry Ann Fraser as trustee for the G&KFraser Superannuation Fund.-Sydjon Pty Limited. Glenn Fraser is aDirector and shareholder of Sydjon PtyLimited which holds securities in itscapacity as a trustee of the Fraser FamilyTrust (of which Glenn Fraser is also abeneficiary).
Date of change	18 December 2007
No. of securities held prior to change	-190,276 securities held by Mr GlennMontgomery Fraser and Mrs Kerry AnnFraser as trustee for the G&K FraserSuperannuation Fund-34,724 securities held by Sydjon PtyLimited.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary stapled securities
Number acquired	34,724 securities
Number disposed	34,724 securities
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$2.23 per security
No. of securities held after change	-225,000 securities held by Mr GlennMontgomery Fraser and Mrs Kerry AnnFraser as trustees for the G&K FraserSuperannuation Fund
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On market trade.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

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