GOODMAN GROUP — Board/Management Information 2006

Jan 31, 2006

Macquarie Goodman

1 February 2006

The Manager Company Notices Section Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir

MACQUARIE GOODMAN GROUP ("MGQ")

We are pleased to announce the appointment of Mr James Sloman OAM, as an Independent Director of Macquarie Goodman Management Limited and Macquarie Goodman Funds Management Limited with effect from 1 February 2006. Mr Sloman will also participate as a member of the Risk Committee.

Mr Sloman has over 30 years experience in the building and construction industries in Australia and overseas, including experience with Sir Robert McAlpine & Sons in London, Lend Lease Corporation in Australia and as Deputy Chief Executive & Chief Operating Officer of the Sydney Organising Committee for the Olympic Games from 1997 to 2001.

Mr Sloman is currently the Chief Executive Officer and a Director of MI Associates, a company established by him and comprising some of the leading members of the former SOCOG senior management team. MI Associates has recently commenced work with the London Organising Committee for the Olympic Games following their work on London's winning bid for the 2012 Olympic Games.

With his range of experience, Mr Sloman brings significant expertise to Macquarie Goodman. The appointment of Mr Sloman also provides MGQ with a majority independent board.

MGQ is delighted to welcome Mr Sloman to the Board.

Please do not hesitate to contact the undersigned if you have any queries.

Yours faithfully

Carolyn Scobie Company Secretary

Level 10, 60 Castlereagh Street Sydney NSW 2000 GPO Box 4703 Sydney NSW 2001