GOODMAN GROUP — Capital/Financing Update 2006

Jun 1, 2006

Macquarie Goodman

2 June 2006

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

Dear Sir

MACQUARIE GOODMAN GROUP ("MGQ") comprising MACQUARIE GOODMAN MANAGEMENT LIMITED ABN 69 000 123 071 ("MGM") and MACQUARIE GOODMAN INDUSTRIAL TRUST ARSN 091 213 839 ("MGI") NOTIFICATION UNDER SECTIONS 708A AND 1012DA OF THE CORPORATIONS ACT

Macquarie Goodman Group ("MGQ") has on 31 May 2006 issued stapled securities in MGM and MGI to certain institutional and other wholesale investors under Institutional Placement underwritten by Macquarie Bank Limited and J.P. Morgan Australia Limited.

Further MGQ has on 1 June 2006 issued stapled securities in MGM and MGI to REI s.a, Cerfontaine s.a and VCL s.a. as the vendors of the Eurinpro business.

In order to permit the on-sale of such securities without the need for a Prospectus or Product Disclosure Statement, MGQ makes the following statements.

Section 708A

This notice is given under paragraph (5)(e) of Section 708A of the Corporations Act 2001 ("the Act") within 5 business days after the day on which the relevant securities were issued.

The securities were issued without a Prospectus for those securities being prepared.

As at the date of this notice, MGM has complied with:

• The provisions of Chapter 2M of the Act as they apply to MGM; and
• Section 674 of the Act as it applies to MGM. $\bullet$

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

As at the date of this notice, there is no information which is required to be disclosed by section 708A(6)(e) of the Act.

Section 1012DA

This notice is given under paragraph (5)(e) of Section 1012DA of the Corporations Act 2001 ("the Act") within five (5) business days after the day on which the relevant securities were issued.

The securities were issued without a Product Disclosure Statement for those securities being prepared.

As a disclosing entity, Macquarie Goodman Funds Management Limited ("MGFM") (as responsible entity for MGI) is subject to regular reporting and disclosure obligations.

As at the date of this notice, MGFM (as responsible entity for MGI) has complied with:

• The provisions of Chapter 2M of the Act as they apply to MGI; and
• $\bullet$ Section 674 of the Act as it applies to MGI.

As at the date of this notice, there is no information which is required to be disclosed by section 1012DA(6)(f) of the Act.

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

Yours faithfully

Greg Goodman Chief Executive Officer