GPT GROUP — Annual Report 2015

Feb 17, 2016

GPT Group Appendix 4E

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Appendix 4E

GPT Group (comprising General Property Trust and its controlled entities and GPT Management Holdings Limited and its controlled entities)

Annual Financial Report For the year ended 31 December 2015

Results for announcement to the market

2.1 2.2 2.3	Total revenues and other income Profit from operations as assessed by Directors (1) Net profit after income tax expense attributable to stapled security holders	23.0% $1,315.5 million 11.0% $501.7 million 34.5% $868.1 million up to up to up to	23.0% $1,315.5 million 11.0% $501.7 million 34.5% $868.1 million up to up to up to
2.4	Distributions		Amount per stapled security
	6 months period ended 31 December 2015 December half yearly distribution has been declared on 22 December 2015 and is expected to be paid on 29 February 2016.		11.5 cents
2.5	Record date for determining entitlement to the distributions		31 December 2015
2.6	Brief explanation of any figures in 2.1 to 2.4 necessary to enable the figures to be understood Refer to the attached announcement for a detailed discussion on the performance of The GPT Group's results for the year ended 31 December 2015.
3 - 6	A statement of comprehensive income, statement of financial position, statement of cash flows and a statement of changes in equity Refer to the attached Annual Financial Report for the year ended 31 December 2015.
7.0	Details of individual and total dividends or distribution payments.	Amount per stapled security	Total
	6 months period ended 30 June 2015 paid 11 September 2015 6 months period ended 31 December 2015 to be paid 29 February 2016 Nopart of the distribution constitutes conduit foreign income.	11.0 cents 11.5 cents	$195.5 million $206.4 million
8.0	Details of any dividend or distribution reinvestment plans in operation The DRP will not be available with respect to the December 2015 half yearly distribution.
9.0	Net tangible assets per security	$4.17 31 December 2015	$3.94 31 December 2014
10.0	Details of entities over which control has been gained or lost during the year Nil

(1) Profit from operations attributable to security holders of GPT represents the Directors’ assessment of Funds from Operations (FFO). FFO represents GPT’s underlying and recurring earnings from its operations. This is determined by adjusting statutory net profit after tax under Australian Accounting Standards for certain items which are non-cash, unrealised or capital in nature. FFO has been determined in accordance with the guidelines established by the Property Council of Australia.

GPT Group Appendix 4E

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11.0 Details of joint ventures and associates:

The joint ventures and associates who contribute to The GPT Group’s net profit are detailed below:

Name of joint venture entities and associates: Joint Ventures Entities Incorporated in Australia 2 Park Street Trust 1 Farrer Place Trust Horton Trust Chullora Trust 1 Lend Lease GPT (Rouse Hill) Pty Limited Associates Entities Incorporated in Australia GPT Wholesale Shopping Centre Fund GPT Wholesale Office Fund GPT Metro Office Fund Total share of after tax profits of equity accounted investments**

31-Dec-15 31-Dec-14 $million $million 70.2 40.2 33.7 22.4 2.5 2.4 0.2 3.0 4.0 - 27.6 35.6 131.6 98.7 7.0 0.1 Contribution to The GPT Group's net profit

276.8 202.4

• Refer to Note 3 of the Annual Financial Report for names and percentage holdings of each joint venture entity and associate.

12.0 Any other significant information needed by an investor to make an informed assessment of the entity's financial performance and financial position Refer to the attached announcement for a detailed discussion on the performance and financial position of The GPT Group for the year ended 31 December 2015.

14.0 A commentary on the results for the year.

Refer to the attached announcement for a detailed discussion on the performance and financial position of The GPT Group for the year ended 31 December 2015.

15.0 This report is based on accounts which have been audited.

Refer to the independent auditor's report in the attached Annual Financial Report for the year ended 31 December 2015.