GOODMAN GROUP — Capital/Financing Update 2014

May 11, 2014

==> picture [82 x 74] intentionally omitted <==

==> picture [180 x 35] intentionally omitted <==

Standard and Poor’s revise Goodman Group Outlook to Positive

Date 12 May 2014 Release Immediate

Goodman Group (Goodman or Group) notes the attached release by Standard and Poor’s (S&P), revising its credit rating outlook to positive from stable.

In parallel, S&P note: “the outlook revision reflects our favourable view on Goodman management’s continued successful and prudent execution of its growth strategy, and on its operating performance prospects, particularly in the offshore market.”

S&P also assessed Goodman’s liquidity as “strong”, as defined by its criteria, noting that “the group seeks a high level of pre-commitments before undertaking development spending, and we expect that Goodman will maintain sufficient liquidity to meet its develpoment commitments.”

Commenting on the release, Group Chief Financial Officer, Nick Vrondas said, “we are pleased with our progress in growing our global business in a prudent manner. This announcement signifies recognition of our success over the past few years as we have continued to build our track record of consistent and sustainable performance”.

• Ends -

For further information, please contact Goodman: Nick Vrondas Group Chief Financial Officer +61 2 7230 7400

Goodman Group

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 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

Goodman Logistics (HK) Limited | Company No. 1700359 | ARBN 155 911 149 | a Hong Kong company with limited liability Suite 2008, Three Pacific Place, 1 Queen’s Road East, Hong Kong | Tel +852 2249 3100 | Fax +852 2525 2070 info-au@goodman.com | www.goodman.com

About Goodman

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. 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.