GOODMAN GROUP — Capital/Financing Update 2011

May 8, 2011

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9 May 2011

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

Dear Sir

GMP: GOODMAN GROUP (GMG) ANNOUNCEMENT – Goodman acknowledges that APG accepts increased offer for PEPR

We attach an announcement made today by Goodman Group.

Please contact the undersigned in relation to any queries.

Yours sincerely

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 | info-sydney@goodman.com | www.goodman.com Goodman Funds Management Limited (ABN 48 067 796 641; AFSL Number 223621) in its capacity as responsible entity of the Goodman PLUS Trust (ARSN 128 290 808)

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Goodman acknowledges that APG accepts increased offer for PEPR

Date 9 May 2011 Release Immediate

Goodman acknowledges that Algemene Pensioen Groep N.V (APG) has announced that it has agreed to sell 100% of its holding of ProLogis European Properties (PEPR) Ordinary and Convertible Preferred Units for a consideration of €6.20 per Unit to ProLogis (PLD), plus an amount equal to any accrued and unpaid preferred dividend in respect of the Preferred Units sold by APG. The offer was made in response to the original joint bid made by APG and Goodman on 13 April 2011 to acquire all of the ordinary units in PEPR for €6.00.

“Goodman are pleased that we have been able to partner with APG to unlock greater value from PEPR and this demonstrates the strength of our relationships with our capital partners along with the demand for high quality logistics properties globally”, said Goodman Group CEO, Greg Goodman.

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For further information, please contact Goodman: Gregory Goodman Group Chief Executive Officer Tel +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-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 of Goodman Industrial Trust ARSN 091213 839

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.

For more information about Goodman, please visit www.goodman.com

About APG: All Pensions Group (APG) is the manager of APG Strategic Real Estate Pool (the Pool). The Pool is a pooled investment vehicle established in the Netherlands, in which investments, in both Australia and other countries, are held for the purpose of collective investment. With assets under management of approximately €265 billion (as at 30 September 2010) APG is one of the world’s largest institutional investors.

For more information about APG, please visit www.apg.nl

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 of Goodman Industrial Trust ARSN 091 213 839