CHARTER HALL GROUP — Director's Dealing 2007

Jul 22, 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	Andre Biet
Date of last notice	14 September 2006

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.

disclosed in thispart.
Direct or indirect interest		Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		- Doverville Holdings Pty Limited- Charter Hall Executive Loan Security Plan- Mr Andre Biet and Mrs Teresa Biet astrustee for the Hadding Hall SuperannuationFund.
Date of change		20 July 2007
No. of securities held prior to change		Direct– 355,708 stapled securitiesIndirect via 40% shareholding in DovervilleHoldingsPtyLimitedwhichholds10,760,040 stapled securitiesIndirect via relevant interest of 1,050,000stapled securities in the Charter HallExecutive Loan Security Plan (CHELSP).These securities only vest after of satisfactionof performance and service criteria.Indirect – via 550,000 stapled securities heldby Mr Andre Biet and Mrs Teresa Biet astrustee for the Hadding Hall SuperannuationFund

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class		Ordinary stapled securities	Ordinary stapled securities	Ordinary stapled securities
Number acquired		Nil
Number disposed		••	350,000disposed700,000securities	vested CHELSP securitiesnon-vestedCHELSP forfeited
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		$997,249.61 (relates to the sale of 350,000vested CHELSP securities)
No. of securities held after change		Direct– 355,708 stapled securitiesIndirect via 40% shareholding in DovervilleHoldingsPtyLimitedwhichholds10,760,040 stapled securitiesIndirect – via 550,000 stapled securities heldby Mr Andre Biet and Mrs Teresa Biet astrustee for the Hadding Hall SuperannuationFund
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		•On market sale of 350,000 vestedCHELSP securities following changein role from Executive Director toNon Executive Director.•Forfeiture of 700,000 non vestedCHELSP securities following changein role to Non-Executive Director.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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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