CHARTER HALL GROUP — Major Shareholding Notification 2008

Jan 29, 2008

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Date: 30th January 2008

The Manager Listings Department Australian Stock Exchange Limited

No. of Pages (incl.): 3

NOTICE OF INITIAL SUBSTANTIAL HOLDER

Dear Sir/Madam,

Pursuant to Section 671B of the Corporations Law, AMP Limited discloses a substantial holding in Charter Hall Group.

The enclosed ASIC Form 603 discloses all required details.

Yours faithfully,

Justin Christopher Head of Custody BNP Paribas Securities Services Phone: 02 9222 0029

BNP PARIBAS FUND SERVICES AUSTRALASIA PTY LTD Level 6 60 Castlereagh Street Sydney NSW 2000 Australia PO BOX R209 Royal Exchange NSW 1225 Australia Tel: +61 2 9222 0000 - Fax: +61 2 9222 0255 ABN 71 002 655 674

Form 603 Corporations Law Section 671B

Notice of Initial Substantial Holder

To: Charter Hall Group ACN/ARSN: 113 531 150 & 051 224 311

1. Details of substantial holder

Name: AMP Limited (ACN 079 354 519) and its related bodies corporate. The holder became a substantial holder on 11th July 2007

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 had a relevant interest on the date the substantial holder became a substantial holder are as follows:

Class of securities Number of Securities Persons’ votes Voting power Fully Paid Stapled Securities 31,149,096 31,149,096 7.13%

3. Details of relevant interests

The nature of 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 interests	Class and number ofsecurities	Person's votesaffected
AMP Life Limited ("AMP Life")	AMP Life is entitled to be the registered holder of theclass and number of securities listed beside its name.AMP Life is a controlled body corporate of AMP Limitedwithin the meaning of Section 608(3) of theCorporations Law	Fully Paid Stapled Securities:8,192,769	8,192,769
AMP Capital Investors Limited('AMP Capital')	AMP Capital, in its capacity as the investment managerfor the persons or trusts listed besides its name inParagraph 4, has the power to control voting and/or thedisposal of securities. AMP Capital is a controlled bodycorporate of AMP Limited within the meaning of Section608(3) of the Corporations Law	Fully Paid Stapled Securities:22,956,327	22,956,327
Total:31,149,096

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 relevant interest	Registered holder ofsecurities	Registered holder ofsecurities	Person entitled to beregistered as holder	Class and number ofsecurities	Class and number ofsecurities	Person’s votesaffected	Person’s votesaffected	Person’s votesaffected	Person’s votesaffected
	AMP Life Limited	AMP Life Limited		AMP Life Limited	Fully Paid Stapled Securities:8,192,769		8,192,769
	AMP Capital Investors Limited	Cogent Nominees PtyLimited		Cogent Nominees PtyLimited	Fully Paid Stapled Securities:7,449,461		7,449,461
		Cogent Nominees PLimited	ty	Cogent Nominees PtyLimited	Fully Paid Sta8,160,971	pled Securities:	8,160,971
		Ct Itt		Ct Itt	Fll Pid St	ld Siti	675738
		ogen nvesmenOperations Pty Limi<Non ResidentA/c>	ted	ogen nvesmenOperations Pty Limited<Non ResidentA/c>	uy a675,738	pe ecures:	,
		Ntil Ni	Pt	Nikk AMP Glbl REIT	Fll Pid St	ld Siti	5180156
		aona omneesLimited	y	o oaFund	uy a5,180,156	pe ecures:	,,
		The Northern TrustCompany		DBS Global PropertySector Fund	Fully Paid Sta217591	pled Securities:	217,591
		The Northern TrustCompany		AMPCI KGR Reit Ex USFund	,Fully Paid Sta5,134	pled Securities:	5,134
		The Northern Trust		AMPCI KGR Reit USD	Fully Paid St	pled Securities:	54876
		Company		Fund	54,876		,
		National NomineesLimited	Pty	Commonwealth BankOfficers Superannunation	Fully Paid Sta559118	pled Securities:	559,118
				Corporation Pty Ltd astrustee for the Officers'Superannuation Fund	,
		National NomineesLimited	Pty	Telstra Listed PropertyTrust	Fully Paid Sta653,282	pled Securities:	653,282
						Total:31,149,096

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:

			Class and number of
Holder of relevant interest	Date of acquisition	Consideration	securities
AMP Capitial Investors			Fully Paid Stapled Securities
Limited	8-Jun-2007 to 14-Aug-2007	$150,700.36	54,558
	13-Jun-2007 to 22-Jan-		Fully Paid Stapled Securities
AMP Life Limited	2008	$14,874,358.41	5,411,476
			Fully Paid Stapled Securities
AMPCI KGR Reit Ex US Fund	14-Aug-2007 to 3-Jan-2008	$27,465.00	9,655
			Fully Paid Stapled Securities
AMPCI KGR Reit USD Fund	13-Aug-2007 to 3-Jan-2008	$172,422.00	60,848
Cogent Investment
Operations Pty Limited <Non	26-Mar-2007 to 27-Dec-		Fully Paid Stapled Securities
Resident A/c>	2007	$1,395,472.06	490,079
	26-Mar-2007 to 24-Jan-		Fully Paid Stapled Securities
Cogent Nominees PtyLimited	2008	$19,191,737.81	6,890,790
Cogent Nominees Pty Limited	13-Jun-2007 to 22-Jan-		Fully Paid Stapled Securities
	2008	$8,257,895.51	3,065,462
Commonwealth Bank Officers
Superannunation Corporation
Pty Ltd A/T for the Officers'			Fully Paid Stapled Securities
Superannuation Fund.	28-Jun-2007 to 5-Sep-2007	$718,500.00	250,000
DBS Global Property Sector	26-Mar-2007 to 29-Nov-		Fully Paid Stapled Securities
Fund	2007	$531,937.84	185,228
	26-Mar-2007 to 16-Jan-		Fully Paid Stapled Securities
Nikko AMP Global REIT Fund	2008	$15,893,876.51	5,605,498
Queensland Local
Government Superannuation			Fully Paid Stapled Securities
Board	28-Jun-07	$68,403.00	22,801
State Authority	28-Jun-2007 to 10-Jul-		Fully Paid Stapled Securities
Superannuation Scheme	2007	$1,652,314.06	574,717
			Fully Paid Stapled Securities
StichtingPensioenfolds - ABP	28-Jun-07	$297,147.00	99,049
Stichting Pensioenfolds			Fully Paid Stapled Securities
Hoogovens	28-Jun-07	$36,309.00	12,103
	28-Jun-2007 to 22-Jan-		Fully Paid Stapled Securities
Telstra Listed PropertyTrust	2008	$357,775.32	147,494
	28-Jun-2007 to 10-Jul-		Fully Paid Stapled Securities
UniSuper Limited	2007	$995,847.31	346,288

6. Associates

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

Name and ACN (if applicable) Nature of association

_Name and ACN(if applicable) _	Nature of association
AMP Life Limited (ACN 079	Related bodies corporate of AMP Limited under Part 1.2 of the Corporations Law.
300 379)
AMP Capital Investors Limited	Related bodies corporate of AMP Limited under Part 1.2 of the Corporations Law.
(ACN001 777591)

7. Addresses

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

Name	Address
AMP Life Limited	Level 24, 33 Alfred Street, Sydney NSW 2000
AMP Capital Investors Limited	Level 22, 33 Alfred Street, Sydney NSW 2000
Cogent Investment	Level 6, 60 Castlereagh Street, Sydney NSW 2000
Cogent Nominees Pty Limited	Level 6, 60 Castlereagh Street, Sydney NSW 2000
Commonwealth Bank Officers Superannuation	9th Floor, 48 Martin Place, Sydney NSW 2000
DBS Global Property Sector Fund	8 Cross Street, # 27-01 PWC Building, Singapore 048424
National Nominees Pty Limited	271 Collins Street, Melbourne VIC 3000
Nikko AMP Global REIT Fund	1-1-3 Yurakucho Chiyoda-ku, Tokyo 100-0006 Japan
QLD Local Government Superannuation Board	Of GPO Box 264, Brisbane QLD 4001
State Authority Superannuation Scheme	Level 14, 83 Clarence Street, Sydney NSW 2000
Stichting Pensioenfonds Hoogovens	PO Box 10,000, 1970 CA IJmuiden, The Netherlands
Stichting Pensioenfonds ABP	PO Box 10,000, 1970 CA IJmuiden, The Netherlands
Unisuper Limited	Level 28, 367 Collins Street, Melbourne 3000
Telstra Listed Property Trust	Level 3, 215 Spring Street, Melbourne 3000
The Northern Trust Company	80 Raffles Place, #46-00 UOB Plaza 1 Singapore 048625

This Initial Substantial Holder Notice (ASIC Form 603) comprises 2 page/s in total.