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GOODMAN GROUP Capital/Financing Update 2012

Jun 4, 2012

64998_rns_2012-06-04_e8f2c7d4-5c7a-4764-b6a3-d5ea4be3445f.pdf

Capital/Financing Update

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Malaysia’s Employees Provident Fund selects Goodman for global logistics relationship

Date 5 June 2012 Release Immediate

Goodman Group (Goodman or Group) and the Employees Provident Fund (EPF) are pleased to announce the establishment of a global relationship commencing in Australia, which will invest in high quality, stabilised logistics assets.

The key points relating to the global relationship are:

  • Investment in an initial Australian portfolio of circa A$400 million, comprising six stabilised logistics assets sourced equally from the Group and its managed funds;

  • A combined equity commitment for Australia of A$500 million; and

  • Goodman will retain an interest in the portfolio, on an initial 40/60 basis, with EPF holding the majority share.

G o odman Gro u p CEO, Gr e g Goodma n said: “We a re delighted to be establishing this n e w relationship wi t h EPF. Adding EPF to our global pl a tform is ano t her importa n t step in th e expansion of t h e Group’s f u nds manag e ment platf o rm. Major global investo r s continue to target hi g h quality in c ome producing investm e nts in a str u cture that provides acce s s to a spec i alist te a m with stro n g alignmen t . We look forward to ex p anding our r elationship w ith EPF in the near future.”

G o odman will p rovide management se r vices to the portfolio on t erms gener a lly consistent with ar r angements across its e x isting funds manageme n t platform.

A s at 31 Dece m ber 2011, E PF had as s ets under management i n excess A $ 150 billion, w ith an underweight e x posure to i n dustrial and logistics re a l estate inv e stment. The relationship with G o odman pro v ides EPF with the oppo rt unity to inv e st in prime q uality logist i cs assets, w ith a le a ding, speci a list industri a l property g r oup.

E P F’s Deputy C EO (Investment) Dato’ Shahril Rid z a Ridzuan, s aid: “EPF i n tends to inc r ease its exposure to re a l estate, by investing wi t h best in cl a ss property groups aro u nd the worl d . Our selection of G o odman as our global in v estment par t ner for logi s tics real est a te was driv e n by th e ir reputatio n , knowledg e as a global sector spec i alist and high quality po r tfolio. Goo d man’s ability to demonstrate their alignment o f interest by investing al o ngside EPF was a key dif f erentiating f actor.”

Le v el 17, 60 Castler e agh Street, Sydney NSW 2000 | G PO Box 4703, S ydney NSW 2001 Australia Tel +61 2 9230 7400 | Fax +61 2 9230 7444 | [email protected] | w ww.goodman.co m Go o dman Limited A B N 69 000 123 071 Go o dman Funds Ma n agement Limite d ABN 48 067 79 6 641 AFSL Num b er 223621

As at 31 December, Goodman had a development book of A$2.1 billion, with total assets under management of A$18.9 billion.

“The relationship enables the Group and our managed funds to recycle assets to fund future development commitments and other growth opportunities in new markets, while retaining management of the assets.” Mr Goodman concluded.

- Ends -

For further information, please contact Goodman: Greg Goodman Group Chief Executive Officer +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 long-term returns for investors.

For more information please visit www.goodman.com

About the Employees Provident Fund

The Employees Provident Fund (EPF) is Malaysia’s premier retirement savings fund, providing basic financial security for retirement. The Fund is committed to preserving and growing the savings of its members in accordance with best practices in investment and corporate governance. It will always be guided by prudence in its investment decisions.

As a customer-focused organisation, EPF delivers efficient and reliable services for the convenience of its members and registered employers.

EPF continues to play a catalytic role in the nation’s economic growth, consistent with its position as a leading savings institution in Malaysia.

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 | [email protected] | www.goodman.com Goodman Limited ABN 69 000 123 071 Goodman Funds Management Limited ABN 48 067 796 641 AFSL Number 223621