CHARTER HALL GROUP — Share Issue/Capital Change 2010

Feb 14, 2010

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ASX Circular

Date: 15 February 2010

Key topics

1. Charter Hall Group

CHARTER HALL GROUP – ACCELERATED NONRENOUNCEABLE PRO RATA ENTITLEMENT OFFER

Participating Organisations are advised that Charter Hall Group (the “Group”) has announced a 2 for 5 accelerated non-renounceable pro rata entitlement offer (the “Entitlement Offer”), at an offer price of $0.65 per new stapled security to raise approximately $195 million.

1. ASX Code: CHC

2. Accelerated non-renounceable pro rata entitlement offer

The Group has also announced an institutional placement of stapled securities to raise a further $25 million (the “Institutional Placement”).

The Entitlement Offer has two components:

Reading List

Client Advisers Compliance Managers Corporate Advisory DTR Operators Issuers

Institutions ASTC Participants Office Managers Operations Managers (back office) Research Analysts ACH Participants Market Participants

• An institutional entitlement offer, where offers have been made to qualifying institutional security holders for them to apply for their pro-rata entitlement to raise approximately $145 million (the “Institutional Entitlement Offer”).

• A retail entitlement offer, where an offer will be made to qualifying retail security holders for them to apply for their pro-rata entitlement to raise approximately $50 million (the “Retail Entitlement Offer”).

The Entitlement Offer and Institutional Placement are fully underwritten.

The Record Date for the Entitlement Offer is Tuesday, 16 February 2010.

The Retail Entitlement Offer is expected to close on Friday, 5 March 2010.

Authorised by

Adrian Smythe

Contact

New stapled securities issued under the Entitlement Offer (and Institutional Placement) will rank equally with existing stapled securities on issue.

The Group today announced it has successfully raised approximately $145 million under the Institutional Entitlement Offer and $25 million under the Institutional Placement.

Lux Wigneswaran

ASX Limited ABN 98 008 624 691 Exchange Centre 20 Bridge Street Sydney NSW 2000 PO Box H224 Australia Square NSW 1215

Internet: http://www.asx.com.au

No responsibility is accepted for any inaccuracies contained in the matter published.

ASX Circular

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The indicative timetable in relation to the Entitlement Offer (and Institutional Placement) is as follows:

Date	Event
Thursday, 11 February 2010	Trading halt applied
Friday, 12 February 2010	Announcement of Entitlement Offer and Institutional Placement Institutional Entitlement Offer and Institutional Placement
Monday, 15 February 2010	Results of Institutional Entitlement Offer and Institutional Placement announced Trading halt lifted - Trading recommences
Tuesday, 16 February 2010	Record date for Entitlement Offer
Thursday, 18 February 2010	Retail Entitlement Offer – Open Date Despatch of Retail Entitlement Offer materials to retail investors
Thursday, 25 February 2010	Retail Entitlement Offer – Early Close Date
Friday, 26 February 2010	Settlement Date – Institutional Entitlement Offer, Institutional Placement and Early Retail
Monday, 1 March 2010	Initial Allotment Date - Institutional Entitlement Offer, Institutional Placement and Early Retail - Trading in those securities commences on a normal (T+3) basis Despatch of holding statements – Initial Allotment
Friday, 5 March 2010	Retail Entitlement Offer – Final Close Date
Wednesday, 10 March 2010	Retail Shortfall Notification
Monday, 15 March 2010	Settlement Date – Retail Entitlement Offer
Tuesday, 16 March 2010	Allotment Date – Retail Entitlement Offer
Wednesday, 17 March 2010	Normal trading commences – Retail Entitlement Offer Despatch of holding statements – Retail Entitlement Offer

Settlement issues

Despite the fact that securities are trading “ex entitlement” on ITS, CHESS will not recognise for settlement purposes the “ex entitlement” or the “cum entitlement” tag on CHESS messages and CHESS will not maintain cum balances in these securities within the system. As a result any transfer that occurs prior to record date will be effectively transferred on a “cum” basis.

Therefore, Participants must ensure that any transfer, including the priming of Broker Entrepot Accounts, is conducted in accordance with the basis of quote. For example, a transfer in relation to a transaction conducted on an ex-basis should ordinarily only occur post record date.

In addition, CHESS will not perform any automatic diary adjustments to “cum entitlement” settlement obligations outstanding as at the record date.

Trading issues

ASX will not price a “cum” market with respect to trading in the Group’s securities. Persons who acquire the Group’s securities after the commencement of the trading halt on Thursday, 11 February 2010 are not entitled to participate in the Entitlement Offer.

Further information

For further details, please refer to the Group’s announcements, or call the Group’s Entitlement Offer Information Line on 1300 664 498 (within Australia) or +612 8280 7787 (outside Australia).

ASX Circular

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