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GPT GROUP Capital/Financing Update 2003

Nov 4, 2003

65009_rns_2003-11-04_f6f0979c-2b23-4093-b609-08c956504883.pdf

Capital/Financing Update

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General Property Trust Stock Exchange Announcement

GPT Increases its STN/MTN Programme Limit

5 November 2003

GPT Management Limited as Responsible Entity for General Property Trust (GPT) announces that it has removed the \$2 billion limit on its Short Term Note/Medium Term Note Programme. The Programme is capped by reference to GPT's Trust Deed, which limits total borrowings to 40% of total tangible assets.

GPT's policy range for gearing remains at 20% to 30% of total tangible assets.

ENDS

Enquiries

Kieran Pryke Chief Financial Officer Ph: 02 9236 6024