GOODMAN GROUP — Major Shareholding Notification 2009

May 6, 2009

Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder

To: Goodman Group ACN: 091 213 839 ASX Code: GMG

1. Details of substantial holder

Name: IOOF Holdings Limited ACN: 100 103 722

This notice is given by IOOF Holdings Limited on behalf of itself and its subsidiaries.

The holder became a substantial shareholder on: 05/05/2009

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interest in the scheme that the substantial holder or an associate had a relevant interest in on the date the substantial holder is as follows:

Class of securities	Number of securities	Person’s votes	Voting Power
Ordinary	140,665,515	140,665,515	5.061%

3. Details of present registered holders

The persons registered as holders of the securities are as follows:

Registered holder of securities	Person Entitled to be holder	Nature of relevant interest	Class & Number (Ord)	Person's votes
State Street		InvestmentManager	19,352,333	19,352,333

2

Perennial Investment Partners Limited (ACN 087 901 620)	NCS		InvestmentManager	7,901,357	7,901,357
Perennial Investment Partners Limited (ACN 087 901 620)	NAB Custodian Services		Investment Manager	28,830,473	28,830,473
Perennial Investment Partners Limited (ACN 087 901620)	IAG Nominees		InvestmentManager	3,816,730	3,816,730
Perennial Investment Partners Limited (ACN 087 901620)	NAB Custodian Services		Investment Manager	80,764,622	80,764,622

4. Consideration

The consideration paid for each relevant interest and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Date	Person	Nature	Consideration	Class & number (ord)	Person's votes
5/01/2009	Perennial Investment Partners Limited (ACN 087901 620)	Purchased on market	$127.69	171	171
7/01/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$623.67	- 721	- 721
9/01/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$3,155.36	- 3,277	- 3,277
9/01/2009	IOOF Investment Management Limited(ACN 006695 021)	Sold on market	-$84,571.85	- 83,200	- 83,200
12/01/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$713.03	- 719	- 719
12/01/2009	IOOF Investment Management Limited(ACN 006695 021)	Sold on market	-$53,904.71	- 54,000	- 54,000
14/01/2009	Perennial Investment Partners Limited (ACN 087901 620)	Purchased on market	$142,254.47	151,602	151,602
14/01/2009	IOOF Investment Management Limited(ACN 006695 021)	Sold on market	-$57,367.42	- 61,500	- 61,500
21/01/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$340.47	- 457	- 457
3/02/2009	Perennial Investment Partners Limited (ACN 087901 620)	Sold on market	-$38,673.98	- 181,118	- 181,118
6/02/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$313.46	- 537	- 537
11/02/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$4,292.89	- 6,619	- 6,619
18/02/2009	Perennial Investment Partners Limited (ACN 087901 620)	Purchased on market	$764.70	1,413	1,413
20/02/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$1,003,542.13	- 2,152,117	- 2,152,117
23/02/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$2,663,180.98	- 6,883,268	- 6,883,268

3

23/02/2009	IOOF Investment Management Limited(ACN 006695 021)	Sold on market	-$18,872.04	- 46,600	- 46,600
24/02/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$2,393,873.78	- 7,894,558	- 7,894,558
25/02/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$6,572,374.14	- 25,112,514	- 25,112,514
25/02/2009	IOOF Investment Management Limited(ACN 006695 021)	Sold on market	-$53,342.68	- 198,700	- 198,700
25/02/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$2,573,551.30	- 10,517,547	- 10,517,547
3/03/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$39,753.00	8,128	8,128
3/03/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	-$78,801.43	- 327,953	- 327,953
3/03/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$220,720.50	339,570	339,570
13/03/2009	IOOF Investment Management Limited(ACN 006695 021)	Purchased on market	-$1,295,946.01	- 1,413,500	- 1,413,500
13/03/2009	IOOF Investment Management Limited(ACN 006695 021)	Purchased on market	$1,295,946.01	1,413,500	1,413,500
16/03/2009	IOOF Investment Management Limited(ACN 006695 021)	Sold on market	-$506,250.83	- 1,413,500	- 1,413,500
17/03/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Sold on market	$1,110,898.62	2,990,781	2,990,781
18/03/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$116,436.94	299,424	299,424
18/03/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$344,993.15	1,320,229	1,320,229
20/03/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$708,819.67	2,492,419	2,492,419
20/03/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$2,797,545.39	10,262,205	10,262,205
23/03/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$239,295.88	787,526	787,526
24/03/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$133,548.37	360,920	360,920
24/03/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$14,338,132.00	5,141,305	14,338,132
8/04/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$2,527,862.01	7,190,144	7,190,144
16/04/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$865,180.72	2,100,000	2,100,000
17/04/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$1,808,487.17	4,085,000	4,085,000
20/04/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$3,362,847.36	6,873,327	6,873,327
27/04/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$6,289,508.23	19,352,333	19,352,333
29/04/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$63,631.23	183,659	183,659
29/04/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$2,137,491.05	6,365,198	6,365,198
30/04/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$ 93,873.23	255,078	255,078
30/04/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$3,268,185.69	9,143,839	9,143,839

4

1/05/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$89,388.08	222,468	222,468
1/05/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$2,896,091.93	7,432,555	7,432,555
5/05/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$40,052.76	99,410	99,410
5/05/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$1,316,155.39	3,360,940	3,360,940

5. Associates

Name & ACN	Nature of association
Not applicable

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
IOOF Holdings Limited	Level 29, 303 Collins Street MelbourneVictoria 3000
IOOF Investment Management Limited	Level 29, 303 Collins Street MelbourneVictoria 3000
Perennial Investment Partners Limited	Level 29, 303 Collins Street MelbourneVictoria 3000
Goodman Group	Level 10 , 60 Castlereagh Street , SYDNEY , NSW,AUSTRALIA,2000