GOODMAN GROUP — Capital/Financing Update 2012

Oct 1, 2012

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Goodman Australia Industrial Fund to launch capital raising for over $400m

Date 2 October 2012 Release Immediate

Goodman Australia Industrial Fund (“GAIF” or the “Fund”), Australia’s largest wholesale industrial real estate investment vehicle, will launch a capital raising following over $400 million of conditional equity commitments from existing and new investors.

GAIF has recently completed a number of successful initiatives designed to secure its longerterm investment outlook including:

• • 12 new developments secured in FY2012 totalling over 130,000 sqm, with an end value of $247 million, a WALE of 10.7 years and 8.4% yield on cost;
• • Acquisition of 10 assets with a total combined value of $200 million, with significant valueadd potential through active asset management;
• • $180 million sale of four assets to Malaysia’s Employees Provident Fund; and
• • Debt platform repositioned into the debt capital markets to provide a long-term and flexible structure complementary to the size and quality of the Fund.

GAIF is well positioned to actively manage its portfolio and benefit from the positive outlook and significant opportunities in the Australian industrial sector. The Fund’s strong market position coupled with the positive outlook for the industrial property sector, has facilitated GAIF holding discussions with a number of existing and new investors regarding a proposal (the “Proposal”) to raise new capital, provide liquidity to some investors and extend the life of the Fund for a new term. As a result of these discussions, GAIF has to date received over $400m of conditional equity commitments, which is expected to increase further.

Greg Goodman, Chairman of GAIF said, “This is a major opportunity to expand GAIF’s capital base, enhance the Fund’s terms, market position and investment returns. The new committed equity demonstrates the strong investor demand that exists and uniquely positions GAIF to take advantage of the active opportunities currently available in the Australian industrial sector. These include recent acquisitions and the continued progress of the Fund’s existing development pipeline.”

Investor discussions are continuing, with a view to completing the capital raising by the end of the year.

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For further information, please contact Goodman:

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

Level 17, 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

Goodman Logistics (HK) Limited ARBN 155 911 149 (a Hong Kong company with limited liability)

About Goodman

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom and North America. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, 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

About GAIF

Goodman Australia Industrial Fund is Australia’s largest industrial fund with $4.7 billion of high quality industrial and business space assets under management in all the major regions around Australia. The Fund has a weighted average lease term of approximately 6.3 years and an occupancy rate of 98%, with customers including blue chip companies such as Coles, Toll, Coca-Cola Amatil and Linfox.