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GOODMAN GROUP Capital/Financing Update 2011

May 15, 2011

64998_rns_2011-05-15_af3065fe-9ce7-4122-9672-119dff2f8751.pdf

Capital/Financing Update

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16 May 2011

The Manager Company Notices Section ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir

Exercise of Options CIC

Goodman confirms that it has received exercise notices from CIC (Leader Investment Corporation) to exercise 276,000,000 Options for $78,534,235.10.

The Options were approved by Securityholders at the Extraordinary General Meeting held on 24 September 2009. Allotment will occur by 27 May 2011.

This will increase their existing direct holding resulting from the conversion of Tranche 1 of the Hybrid Exchangeable Securities and exercise of Options to approximately 11.15% of stapled securities on issue (post allotment).

Yours sincerely

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Carl Bicego Company Secretary

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.goodman.com Goodman Limited ABN 69 000 123 071 Goodman Funds Management Limited ABN 48 067 796 641 AFSL Number 223621 as responsible entity for Goodman Industrial Trust ARSN 091 213 839