GOODMAN GROUP — Capital/Financing Update 2009

Apr 2, 2009

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Goodman Group completes major lease and asset sale transactions in Europe

Date 3 April 2009 Release Immediate

Goodman Group (Goodman) today announces that it has concluded a number of transactions on its European logistics platform, being:

• Pre-lease and sale of a 42,700 sqm facility on a nine year lease to a leading international wine and spirit group in France for €21.6m (approximately $40.6 million).

• Leases secured over 182,000 sqm of logistics space on behalf of Goodman European Logistics Fund (GELF).

Goodman has secured a new pre-lease over 42,700 sqm in France to a leading international wine and spirit group on a nine year term. Simultaneously, Goodman has entered into a forward sale agreement with a leading pan-European listed property group to acquire the logistics facility on completion for €21.6 million (approximately $40.6 million).

This transaction is consistent with the development focus recently confirmed by Goodman to undertake the highest quality projects whilst minimising risk and reducing development capital expenditure requirements.

In addition, Goodman announces that it has secured, on behalf of GELF, a total of seven new leasing transactions equivalent to 144,000 sqm over the first three months of this calendar year. Approximately 38,000 sqm of pre-committed development projects also reached practical completion during the period. This leasing activity spanned the key European markets of The Netherlands, France and Germany as well as the emerging markets of Slovakia and Poland. The transactions were undertaken with a number of key customers including, Kuehne+Nagel, Nippon Express, Carrefour and DHL Exel Supply Chain.

Importantly, these lease transactions were completed in line with the previous passing rentals. The occupancy within the GELF portfolio remains strong at 97%, with a weighted average lease expiry of 6.1 years.

This activity highlights the positive underlying fundamentals in the European logistics market and the underlying demand from Goodman’s customers for prime industrial space.

For further information, please contact Goodman:

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

-ENDS-

Page 1/2 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@goodman.com | www.goodman.com Goodman Limited ABN 69 000 123 071 Goodman Funds Management Limited ABN 48 067 796 641 AFSL Number 223621

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 International 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.

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