GOODMAN GROUP — Capital/Financing Update 2008

Jan 20, 2008

==> picture [83 x 73] intentionally omitted <==

==> picture [180 x 34] intentionally omitted <==

Goodman's Australian managed fund obtains new debt facility

Date 21 January 2008 Release Immediate

The A$3.2 billion Goodman Australian Industrial Fund (“GAIF”) has obtained a new debt facility to initially replace facilities which had been due to mature throughout 2008 and also further expand its capacity.

GAIF is a specialised industrial property wholesale fund with 84 stabilised assets and is the largest of its kind in Australia. It benefits from its relationship with Goodman Group, the largest owner manager and developer of this type of property in Australia. The fund currently has a gearing ratio of 38% and is very well positioned for continued growth.

Two of Goodman’s key Australian relationship banks (Westpac Banking Corporation and Commonwealth Bank of Australia) have underwritten A$1.6 billion and will jointly syndicate the 4 year facility.

This now completes all material refinancing for 2008 for all Goodman managed funds globally, providing them with a weighted average debt maturity of 3.9 years.

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 | info@goodmanintl.com | www.goodmanintl.com Goodman International Limited ABN 69 000 123 071 Goodman Funds Management Limited ABN 48 067 796 641 AFSL Number 223621