GOODMAN GROUP — Capital/Financing Update 2011

May 11, 2011

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Goodman Australia Industrial Fund successfully prices inaugural A$175 million senior, unsecured note issue

Date 12 May 2011 Release Immediate

Goodman Australia Industrial Fund (GAIF or Fund) has today successfully priced its inaugural A$175 million Australian Medium Term Note (MTN) issue, with strong demand from institutional investors.

The senior, unsecured 5 year notes have been priced at a spread of 235 basis points. Proceeds of the issue will be used to refinance existing facilities, with the Fund’s weighted debt maturity profile increasing from 3.7 to 4.1 years. The issue will not impact GAIF’s gearing ratio.

Today’s announcement follows the recent assignment of a ‘BBB’ corporate credit rating by Standard & Poor’s and reflects the extensive range of capital management initiatives undertaken by GAIF over the last 12 months to restructure and refinance its debt platform.

GAIF Chairman and Goodman Group CEO, Greg Goodman said: “We are very pleased with the success of GAIF’s first Australian MTN issue and the strong support of investors. It represents a significant step in the ongoing implementation of GAIF’s capital management programme and demonstrates the commitment of the Group and our funds to continue diversifying our debt funding sources and extending our debt maturity profile.”

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For further information, please contact Goodman:

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 as responsible entity for Goodman Industrial Trust ARSN 091 213 839

About Goodman Australia Industrial Fund

Goodman Australia Industrial Fund (GAIF) is Australia’s largest unlisted industrial fund with $4.4 billion of high quality industrial and business space assets under management in all major regions around Australia. The fund has a weighted average lease term of approximately 6.6 years and an occupancy rate of 96%, with customers including blue chip companies such as Coles, Toll, Coca Cola Amatil and Linfox.