CHARTER HALL GROUP — Director's Dealing 2015

May 21, 2015

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22 May 2015

Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 Attention: Stephanie Yong

Charter Hall Limited ACN 113 531 150 Charter Hall Funds Management Limited ABN 31 082 991 786 Level 20, No.1 Martin Place Sydney NSW 2000 GPO Box 2704 Sydney NSW 2001 T +61 2 8651 9000 F +61 2 9221 4655 www.charterhall.com.au

Dear Stephanie

Subject: Charter Hall Group (ASX:CHC) – Appendix 3Y - Change of Director’s Interest – Colin McGowan

I refer to the attached Appendix 3Y in relation to the Change of Director’s Interest relating to Mr Colin McGowan, and our prior discussions on this matter.

As Company Secretary, I received confirmation on Wednesday 20 May 2015 that Mr McGowan’s holding of 10,000 securities in CHC had been reduced by 14 units due to an administrative error by the respective wrap platform.

Mr McGowan was also unaware of this reduction in his total securities, and sought confirmation from his broker as to this issue. Confirmation was received and I have been advised that the reduction was an error, and that it is proposed to rectify this error by reversing the trade. A further Appendix 3Y will be lodged once I have received notice of the reversal of the trade.

The attached Appendix 3Y is therefore being lodged by way of notification of the disposal of 14 units.

CHC has a Securities Trading Policy which requires directors to notify the Chairman of the CHC Board, and seek the Chairman’s prior approval of any trade in securities. Further, should the trade not be completed within five business days of the consent, the director is to re-seek consent to the proposed trade. A copy of the notification of intention to deal is also required to be provided to the Company Secretary. The Director is also required to provide written confirmation of the trade within 24 hours to both the Chairman and the Company Secretary, to ensure that the required disclosure is made pursuant to LR 3.19A.

The Securities Trading Policy also clearly notes that Charter Hall has an obligation under the ASX Listing Rules to provide notification of a trade in its securities within five business days of the trade, as required under LR 3.19A.

The Securities Trading Policy is made available to all Directors (and employees) via the Charter Hall website, and is distributed to all Directors as part of the Directors Initiation package provided to Directors on commencement of their tenure. In addition, the requirement to notify the Company Secretary of a proposed trade is reinforced at the time the Chairman’s consent to the proposed trade is provided.

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As a result of the above transaction, a further reminder will be issued to all Directors at the next Board meeting of the notification requirements of the intention to trade and the confirmation of a completed trade in securities.

Please contact me should you require any further information.

Yours sincerely

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Tracey Jordan Group General Counsel & Company Secretary

T 8651 9295 M +61 417 399 268

E tracey.jordan@charterhall.com.au

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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 30/09/01 Amended 01/01/11

Name of entity

Charter Hall Group 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	Colin McGowan
Date of last notice	11 November 2014

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	20 April 2015
No. of securities held prior to change	10,000
Class	Stapled Securities
Number acquired
Number disposed	14
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$32.96

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	9,986 securities
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off market trade

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3