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GOODMAN GROUP Capital/Financing Update 2008

Jan 30, 2008

64998_rns_2008-01-30_4bb37f3d-2409-427a-bc1c-d53cc5a94036.pdf

Capital/Financing Update

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Goodman Group (“Goodman”) $800 million refinance

Date 31 January 2008 Release Immediate

Goodman has entered into a four year $800 million unsecured banking facility maturing January 2012. Two of Goodman’s key Australian relationship banks (National Australia Bank Limited and Australia and New Zealand Banking Group Limited) have underwritten and will jointly syndicate the facility. This will replace the $600 million facility maturing in May 2008 and provide additional capital for general corporate purposes.

Management remains comfortable with the 34c EPS (8% growth) forecast for the year.

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