CHARTER HALL GROUP — Director's Dealing 2008

May 13, 2008

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14 May 2008

The Manager Company Notices Section Australian Securities Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir

APPENDIX 3Ys – DAVID SOUTHON and CEDRIC FUCHS

Attached are two Appendix 3Y: Change of Director’s Interest Notices to report changes to the nominal ownership of a portion of Mr Southon’s and Mr Fuchs’s CHC stapled securities.

In this respect, Mr Southon and Mr Fuchs held securities via Doverville Holdings Pty Ltd ( Doverville ), of which both are directors and shareholders. Following approval of the Board, Mr Southon and Mr Fuchs have transferred (off-market) their respective portion of the securities held by Doverville to their individual accounts, as per the detail set out in the attached Appendix 3Ys .

Half of the securities transferred by each of Mr Southon and Mr Fuchs are held in escrow, as per their initial terms of issue, and they continue to be escrowed following this transfer.

The transfers detailed above do not represent in any way a change to the number of CHC stapled securities beneficially held by either Mr Southon or Mr Fuchs, whose respective total holdings remain unchanged.

Please do not hesitate to contact the undersigned if you require further information.

Yours sincerely

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Nathan Francis

Deputy CFO and Company Secretary

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	David John Southon
Date of last notice	19 March 2008

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		Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Charter Hall Executive Loan Security Plan
Date of change		12 May 2008
No. of securities held prior to change		Direct– 4,621,195 securitiesIndirect – 2,152,008 securities via DovervilleHoldings Pty Limited. David Southon is adirector and shareholder of DovervilleHoldings Pty Limited.Indirect - via a relevant interest of 5,310,501securities in the Charter Hall ExecutiveLoan Security Plan. The securities vest toplan members after performance and servicecriteria are met.
Class		Ordinary stapled securities
Number acquired		2,152,008

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Number disposed		2,152,008
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		$1.05 per stapled security
No. of securities held after change		Direct– 6,773,203 securitiesIndirect - via a relevant interest of 5,310,501securities in the Charter Hall ExecutiveLoan Security Plan. The securities vest toplan members after performance and servicecriteria are met.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		Off-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.

Appendix 3Y Page 2

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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	Cedric Fuchs
Date of last notice	4 April 2008

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	- Charter Hall Executive Loan Security Plan- Cedayu Pty Limited - the trustee of theFuchs Family Trust (of which Cedric Fuchsis also a beneficiary). Cedric Fuchs is adirector and shareholder of Cedayu PtyLimited.
Date of change	12 May 2008

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Indirect – 752,579 stapled securities held byCedayu Pty Limited, the trustee of the FuchsFamily Trust (which Cedric Fuchs is also abeneficiary). Cedric Fuchs is a director andshareholder of Cedayu Pty Limited.Indirect - 4,304,016 securities via DovervilleHoldings Pty Limited. Cedric Fuchs is adirector and shareholder of DovervilleHoldings Pty Limited.Indirect - via relevant interest of 1,806,020stapled securities in the Charter HallExecutive Loan Security Plan. The securitiesvest after performance and service criteriahave been met.
Class		Ordinary stapled securities
Number acquired		4,304,016
Number disposed		4,304,016
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		$1.05 per stapled security
No. of securities held after change		Indirect – 5,056,595 stapled securities heldby Cedayu Pty Limited, the trustee of theFuchs Family Trust (which Cedric Fuchs isalso a beneficiary). Cedric Fuchs is a directorand shareholder of Cedayu Pty Limited.Indirect via relevant interest of 1,806,020stapled securities in the Charter HallExecutive Loan Security Plan. The securitiesvest after performance and service criteriahave been met.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		Off-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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

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.

Appendix 3Y Page 3

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Appendix 3Y Change of Director’s Interest Notice

• See chapter 19 for defined terms.

Appendix 3Y Page 4

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