CHARTER HALL GROUP — Governance Information 2011

Jul 17, 2011

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Charter Hall Office Management Limited ABN 75 006 765 206 AFS Licence No. 247075 as responsible entity of Charter Hall Office REIT

ASX/MEDIA ANNOUNCEMENT

CORPORATE GOVERNANCE REVIEW

Monday, 18 July 2011

The Board of Charter Hall Office Management Limited (‘CHOML’), the responsible entity of Charter Hall Office REIT (ASX:CQO) (‘CQO’) together with the Board of Charter Hall Group (ASX:CHC) (‘CHC’) have authorised a review of corporate governance with a view to proposing to unitholders possible alternative arrangements.

This review has been under consideration by the Board of CHOML for some time, but in light of recent commentary from corporate governance groups, the Board of CHOML thought it appropriate to bring the review forward.

The review will be broad ranging. It will examine the existing governance framework between CHC and CHOML as responsible entity of CQO and will provide recommendations on appropriate corporate governance arrangements and a fee structure for CQO that are consistent with current best practice models for ASX listed trusts, including unitholder voting on the appointment of non-executive directors of the responsible entity.

The review will be undertaken by the Independent Director Committee (‘IDC’), comprising Roger Davis (Chairman), James Broadbent and Andrew Love. The IDC will be supported in the review by external expert advisors who are independent of CHC and who will be engaged by the IDC.

Implementation of any recommended changes may require the approval of CQO unitholders. In this event, CHOML intends to convene a CQO unitholders’ meeting, expected in October 2011, to consider these recommendations.

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For further information please contact:

Adrian Taylor

Jill Rikard-Bell

Chief Executive Officer Chief Operating Officer Charter Hall Office REIT Charter Hall Office REIT Tel: +61 2 8295 1024 Tel: +61 2 8295 1013 - adrian.taylor@charterhall.com.au jill.rikard bell@charterhall.com.au

About Charter Hall Office REIT

Charter Hall Office REIT is a leading listed real estate investment trust focused on investing in high grade office buildings predominantly located in major business districts across Australia and the United States. A customer focused approach to asset management drives the leasing and refurbishment initiatives with a view to maximising returns of the underlying assets.

Charter Hall Office REIT is managed by Charter Hall Group (ASX:CHC) is one of Australia’s leading fully integrated property groups, with 20 years’ experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has over $10 billion of funds under management across the office, retail, industrial and residential sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide, Perth, Warsaw and Chicago.

The Group’s success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group.

For further information on Charter Hall Group and Charter Hall Office REIT go to www.charterhall.com.au