CHARTER HALL GROUP — Share Issue/Capital Change 2010

Nov 24, 2010

==> picture [157 x 87] intentionally omitted <==

25 November 2010

Level 11, 333 George Street Sydney NSW 2000 GPO Box 2704 Sydney NSW 2001 Tel +61 2 8908 4000 Fax +61 2 8908 4040 www.charterhall.com.au Charter Hall Limited ABN 57 113 531 150 Charter Hall Funds Management Limited ABN 31 082 991 786

Luxmy Wigneswaran Advisor, Issuers (Sydney) ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Ms Wigneswaran

CHARTER HALL GROUP COMPLETES SECURITY CONSOLIDATION

Please find enclosed a copy of the letter sent to Securityholders today advising them of the completion of the Charter Hall Group security consolidation and sample holding statements.

Yours faithfully

==> picture [64 x 42] intentionally omitted <==

Nathan Francis Company Secretary

==> picture [157 x 87] intentionally omitted <==

25 November 2010

Level 11, 333 George Street Sydney NSW 2000 GPO Box 2704 Sydney NSW 2001 Tel +61 2 8908 4000 Fax +61 2 8908 4040 www.charterhall.com.au Charter Hall Limited ABN 57 113 531 150 Charter Hall Funds Management Limited ABN 31 082 991 786

Dear Securityholder

CHARTER HALL GROUP: COMPLETION OF SECURITY CONSOLIDATION

On behalf of the Board of Directors of Charter Hall Group (ASX:CHC) we are pleased to inform you that the security consolidation, as approved at the Annual General Meetings on 10 November 2010 and detailed in the Notice of Meetings and Explanatory Memorandum issued in relation to that Meeting, is now complete.

Charter Hall Group securities were consolidated on a 1 for 4 basis which resulted in total CHC securities on issue decreasing from 1,225,365,088 to approximately 306,341,272, with a corresponding increase in the security price to four times the pre-consolidated price. That means the $0.55 security price at market close on 11 November 2010, the day prior to the consolidation becoming effective, equals a post-consolidation price of $2.20.

Where the consolidation resulted in a Securityholder being entitled to a fraction of a security, the total security holding was rounded up to the nearest whole number of securities. Importantly, the consolidation should not have materially changed or decreased the underlying value of your aggregate security holding in CHC.

Your new Issuer Sponsored Holding Statement confirming your security holding before and after the consolidation is enclosed.

If you are a broker sponsored holder, your CHESS Holding Statement will be forwarded to you by the Australian Securities Exchange. Enclosed is a CHESS Transaction Confirmation Statement indicating your holding in CHC both before and after the consolidation. This change will be reflected on your CHESS Holding Statement.

If you have any further questions regarding the security consolidation please contact Charter Hall on 1300 365 585 or e-mail reits@charterhall.com.au.

Yours faithfully

==> picture [107 x 25] intentionally omitted <==

Kerry Roxburgh Chairman

==> picture [543 x 630] intentionally omitted <==

----- Start of picture text ----- Charter Hall Limited All Registry communications to:ACN 113 531 150 Link Market Services LimitedCharter Hall Funds Management Limited Locked Bag A14ACN 082 991 786 Sydney South NSW 1235 Australiaas Responsible Entity for Charter Hall Property Trust Telephone: 1300 664 498ARSN 113 339 147 From outside Australia: +61 2 8280 7787Facsimile: (02) 9287 0303ASX Code: CHCEmail: registrars@linkmarketservices.com.auWebsite: www.linkmarketservices.com.auDate: 25 November 2010SRN/HIN:Subregister: issuer SponsoredCHC – STAPLED SECURITIESISSUER SPONSORED HOLDING STATEMENTSTAPLED SECURITIES STAPLED SECURITIESHELD PRIOR TO HELD AFTERDATE TRANSACTION DESCRIPTION CONSOLIDATION CONSOLIDATION19/11/2010 Consolidation of Stapled Securities XXXX XXXXAs approved by CHC Securityholders at the Annual general Meeting held on 10 November 2010,CHC Stapled Securities have been consolidated on the basis of every 4 Stapled Securities held beconverted into 1 Stapled Security.Where this Consolidation results in a fraction of a Stapled Security, that fraction has been rounded upto the nearest whole Stapled Security.S A M P L E----- End of picture text -----

==> picture [74 x 49] intentionally omitted <==

Securityholders should not rely on the balance shown in this statement as being a complete record of their current holding and the Issuer will not be liable for any financial loss incurred by a securityholder who relies on the balance shown without making their own adjustments for any transfers relating to market and off market transactions which have yet to be registered.

Please note your SRN/HIN recorded above. This SRN/HIN must be used in all communications with the company or registry and with your stockbroker when buying or selling these securities. This statement is an important document and should be kept in a safe place. If lost or destroyed a charge will be levied for a replacement statement. Full terms and conditions of the above securities can be obtained from the registry.

THE AuSTRALiAN TAXATioN oFFiCE (ATo) AdviSES you To kEEp THiS STATEMENT. diSpoSAL oF SECuRiTiES MAy LEAd To CApiTAL gAiNS TAX. pHoNE THE ATo oN 1300 720 092 iF you NEEd THE “guidE To CApiTAL gAiNS TAX”.

==> picture [542 x 624] intentionally omitted <==

----- Start of picture text ----- Charter Hall Limited All Registry communications to:ACN 113 531 150 Link Market Services LimitedCharter Hall Funds Management Limited Locked Bag A14ACN 082 991 786 Sydney South NSW 1235 Australiaas Responsible Entity for Charter Hall Property Trust Telephone: 1300 664 498ARSN 113 339 147 From outside Australia: +61 2 8280 7787Facsimile: (02) 9287 0303ASX Code: CHCEmail: registrars@linkmarketservices.com.auWebsite: www.linkmarketservices.com.auDate: 25 November 2010SRN/HIN:Subregister: CHESSCHC – STAPLED SECURITIESTRANSACTION CONFIRMATION STATEMENTSTAPLED SECURITIES STAPLED SECURITIESHELD PRIOR TO HELD POSTDATE TRANSACTION DESCRIPTION CONSOLIDATION CONSOLIDATION19/11/2010 Consolidation of Stapled Securities XXXX XXXXAs approved by CHC Securityholders at the Annual general Meeting held on 10 November 2010,CHC Stapled Securities have been consolidated on the basis of every 4 Stapled Securities held beconverted into 1 Stapled Security.Where this Consolidation results in a fraction of a Stapled Security, that fraction has been rounded upto the nearest whole Stapled Security.S A M P L E----- End of picture text -----

==> picture [74 x 49] intentionally omitted <==

Securityholders should not rely on the balance shown in this statement as being a complete record of their current holding and the Issuer will not be liable for any financial loss incurred by a securityholder who relies on the balance shown without making their own adjustments for any transfers relating to market and off market transactions which have yet to be registered.

Please note your SRN/HIN recorded above. This SRN/HIN must be used in all communications with the company or registry and with your stockbroker when buying or selling these securities. This statement is an important document and should be kept in a safe place. If lost or destroyed a charge will be levied for a replacement statement. Full terms and conditions of the above securities can be obtained from the registry.

THE AuSTRALiAN TAXATioN oFFiCE (ATo) AdviSES you To kEEp THiS STATEMENT. diSpoSAL oF SECuRiTiES MAy LEAd To CApiTAL gAiNS TAX. pHoNE THE ATo oN 1300 720 092 iF you NEEd THE “guidE To CApiTAL gAiNS TAX”.