CHARTER HALL GROUP — Major Shareholding Notification 2008

Nov 20, 2008

603 page1/2 20 NOV 2008

Form 603

Corporations Law Section 671B

Notice of initial substantial holder

To Company Name/Scheme CHARTER HALL GROUP

ACN/ARSN

1. Details of substantial holder(1)

Name Quest Asset Partners Pty Ltd ACN /ARSN (if applicable) 109 448 802 The holder became a substantial holder on 19/11/08

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Persons' votes (5)	Voting power (6)
FPO	25,907,239	25,907,239	5.34%*

*Based on issued capital of 485,272,427 shares

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number ofsecurities
See Schedule 1

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to be registeredas holder (8)	Class and numberof securities
See Schedule 1

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)	Consideration (9)	Class and numberof securities
		Cash	Non-cash
Quest Asset PartnersPty Ltd	Various dates between29/08/08 and 19/11/08	($4,200,919)		7,287,026 FPO

SYD4_136354_1 (W97)

603 page 2/2 20 NOV 2008

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

7. Addresses

The addresses of persons named in this form are as follows:

The addresses of persons named in this form are as follows:
	Name	Address
	Quest Asset Partners Pty Ltd	Suite 706	6A Glen Street Milsons Point NSW 2061
		,	,

Signature

print name Christopher Cahill capacity Director date 20 / 11 / 08

sign here

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of 'associate' in section 9 of the Corporations Law .

• (3) See the definition of 'relevant interest' in sections 608 and 671B(7) of the Corporations Law .

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

  • See the definition of 'relevant agreement' in section 9 of the Corporations Law .

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write 'unknown'.

• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

SYD4_136354_1 (W97)

Schedule 1 - Becoming a substantial holder in CHARTER HALL GROUP - Quest Asset Partners Pty Ltd

Details of relevant interests

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Quest Asset Partners Pty Ltd	Power to (or to control) exercise vote	25,907,239 Fully paid ordinary shares
	and/or dispose of the securities as
	discretionary investment managers or
	advisers of superannuation funds, pooled
	superannuation trusts, managed investment
	schemes and investment management
	agreements.
Details of present registered holders
Holder of relevant interest	Registered holder of securities	Persons entitled to be a registered holder	Class and number of securities
Quest Asset Partners Pty Ltd	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd	2,051,569	FPO
Quest Asset Partners Pty Ltd	Invia Custodian Pty Ltd	Invia Custodian Pty Ltd	739,708	FPO
Quest Asset Partners Pty Ltd	State Street Australia Limited	State Street Australia Limited	2,994,706	FPO
Quest Asset Partners Pty Ltd	National Nominees Ltd	National Nominees Ltd	17,854,417	FPO
Quest Asset Partners Pty Ltd	HSBC Custody Nominees (Australia) Limited	HSBC Custody Nominees (Australia) Limited	2,266,839	FPO

25,907,239