GOODMAN GROUP — Capital/Financing Update 2009

Dec 22, 2009

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Goodman Australia Industrial Fund successfully closes $200 million equity raising

Date 23 December 2009 Release Immediate

Further to Goodman Group’s (Goodman or Group) announcement of Goodman Australia Industrial Fund (GAIF) capital management initiatives on 17 November 2009, GAIF today announced the successful close of the $200 million pro rata non renounceable rights issue. The raising closed oversubscribed from GAIF’s existing investors.

The raising, which was cornerstoned to $164 million, was part of a $320 million capital management plan which included $120 million raised via the introduction of a 12 month mandatory distribution reinvestment plan. The DRP was approved at the GAIF Annual General Meeting on 4 December 2009.

Goodman CEO and Chairman of GAIF, Greg Goodman said “We have been delighted with the very strong level of support we have received from our investors. As a leading player in logistics and business space across Australia, the equity raising will further strengthen GAIFs balance sheet and position it well to benefit from the recent signs of improving conditions. This is another sign to the Group that investor support for high quality, well managed property investment products is returning”.

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For further information, please contact:

Greg Goodman Group Chief Executive Officer Tel +61 2 9230 7400

About Goodman

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe and the United Kingdom. Goodman Group, comprised of the stapled entities Goodman Limited and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally.

Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver longterm returns for investors.

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-au@goodman.com | www.goodman.com Goodman Limited ABN 69 000 123 071 Goodman Funds Management Limited ABN 48 067 796 641 AFSL Number 223621