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GPT GROUP Board/Management Information 2008

Aug 20, 2008

65009_rns_2008-08-20_8c1f1483-6a44-4914-9605-9ee6aa67c986.pdf

Board/Management Information

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GPT RE Limited GPT Management ABN 27 107 426 504 Holdings Limited as Responsible Entity of ABN 67 113 510 188 General Property Trust AFSL 286511

Level 52 T: +61 2 8239 3555 MLC Centre F: +61 2 9225 9318 19 Martin Place E: [email protected] Sydney NSW 2000 www.gpt.com.au Australia

21 August 2008

The Manager Companies Section Australian Stock Exchange Limited (Sydney) 20 Bridge Street SYDNEY NSW 2000 By electronic lodgement

Dear Sir

Elizabeth Nosworthy

GPT announced today that, following Elizabeth Nosworthy’s appointment as Chairman of Babcock & Brown Limited, Ms Nosworthy has decided to step down from the GPT Board effective immediately.

Ms Nosworthy has made a major contribution to GPT for more than 10 years. Ms Nosworthy has for many years been a member of the Audit & Risk Management Committee and more recently a member of the Corporate Responsibility Committee.

“Elizabeth is a most capable company director. Her wisdom and experience as well as her spirit and commitment to the interests of GPT’s owners has made her a valued member of the Board for many years. We thank her for that. She will be missed” said Peter Joseph Chairman of GPT Group.

On behalf of GPT investors, the Board and Management would like to formally acknowledge and thank Ms Nosworthy for her long standing service and significant contribution to GPT.

Yours faithfully,

James A Coyne Company Secretary

GPT Securityholder Service Centre

T: 1800 025 095 F: +61 2 9287 0303 E: [email protected]

www.gpt.com.au

210808 Announcement.doc