CHARTER HALL GROUP — Director's Dealing 2011

Dec 21, 2011

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 30/09/01 Amended 01/01/11

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	26 November 2010

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.
Date of change	21 December 2011
No. of securities held prior to change	156,934 securities
Class	Ordinary stapled securities
Number acquired	N/A
Number disposed	86,934 securities
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$184,338.63
No. of securities held after change	70,000 securities

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change On-market trades as part of Portfolio Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in rebalancing buy-back

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	Detail of contract	N/A	N/A	N/A	N/A
Nature of interest		N/A
Name of registered hold(if issued securities)	er	N/A
Date of change		N/A
No. and class of securiinterest related prior toNote: Details are only requiredrelation to which the interest has	ties to which	N/A
	changefor a contract inhanged
Interest acquired		N/A
Interest disposed		NA
		/
Vl/Cidi
aueonseratonNote: If consideration is non-caand an estimated valuation	sh, provide details	N/A
Interest after change		N/A
Part 3 –+Closed period

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011