GOODMAN GROUP — Capital/Financing Update 2010

Nov 7, 2010

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Goodman successfully transacts US$325 million senior, unsecured note issue

Date: 8 November 2010

Release: Immediate

Goodman Group (Goodman or Group) announces that it has successfully priced its inaugural US$325 million debt issue in the United States 144A/Reg S bond market.

The senior, unsecured notes have an effective fixed interest coupon of 6.375% for a term of 10 years. Proceeds of the issue will be swapped to Euro and Pound Sterling and used to repay existing borrowings. Accordingly, this transaction does not impact on the Group’s gearing levels.

Goodman’s Chief Financial Officer, Nick Vrondas said, “We are delighted with the success of our first US bond issue, which is another significant step in the successful and ongoing implementation of our stated capital management initiatives. Importantly, this debt issue extends our maturity profile, as well as diversifying our sources of capital away from our traditional lenders.”

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For further information, please contact Nick Vrondas Group Chief Financial Officer +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@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 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 long-term returns for investors.

For more information please visit www.goodman.com

The securities referenced above will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements