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GPT GROUP Capital/Financing Update 2008

Jul 17, 2008

65009_rns_2008-07-17_60754307-7235-4dd0-a4eb-a76e8912ac51.pdf

Capital/Financing Update

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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

18 July 2008

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

Dear Sir

Hotel and Tourism Portfolio Sale

The GPT Group today confirmed that it has appointed JLL to market it’s hotel and tourism portfolio for sale. The outcome of the process will be announced if and when sales are completed.

Please contact Michael O'Brien - Chief Operating Officer for any further details on 8239 3544.

Yours faithfully,

James A Coyne Company Secretary

GPT Securityholder Service Centre

www.gpt.com.au

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

180708 Announcement.doc