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GOODMAN GROUP Capital/Financing Update 2008

Jun 26, 2008

64998_rns_2008-06-26_39001bba-2a2e-42ff-a9fb-42446d09b0c7.pdf

Capital/Financing Update

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Goodman Group (“Goodman”) Prices Medium Term Note Issue and Suspends DRP

Date 27 June 2008 Release Immediate

Overnight, Goodman successfully priced a £250 million (A$520 million) debt issue under its Euro Medium Term Note (“EMTN”) programme which it put in place in November 2007. The issue was well supported by Institutional investors and was arranged by Royal Bank of Scotland, BNP Paribas and HSBC. The 10 year senior unsecured notes were priced at a fixed coupon of 9.75% per annum.

With the EMTN issue, the Group currently has in excess of A$1.1 billion of available debt capacity by which to meet its financial obligations and for working capital for its core business.

Please be advised also that the Distribution Re-investment Plan (“DRP”) for the June quarter has been suspended and will not be in operation as had been previously advised.

For further information, please contact Goodman: Gregory Goodman Anthony Rozic Group Chief Executive Officer Group Chief Financial Officer Tel +61 2 9230 7400 Tel +61 2 9230 7400

Level 10, 60 Castlereagh Street, Sydney NSW 2000 | GPO Box 4703, Sydney NSW 2001 Australia Tel +61 2 9230 7400 | Fax +61 2 9230 7444 | [email protected] | www.goodmanintl.com Goodman International Limited ABN 69 000 123 071 Goodman Funds Management Limited ABN 48 067 796 641 AFSL Number 223621