GPT GROUP — Capital/Financing Update 2009

May 26, 2009

GPT RE Limited GPT Management Level 52 T: +61 2 8239 3555 ABN 27 107 426 504 Holdings Limited MLC Centre F: +61 2 9225 9318 as Responsible Entity of ABN 67 113 510 188 19 Martin Place E: gpt@gpt.com.au General Property Trust Sydney NSW 2000 www.gpt.com.au AFSL 286511 Australia

27 May 2009

Lux Wigneswaran Adviser, Issuers (Sydney) Australian Securities Exchange Exchange Centre 20 Bridge Street Sydney NSW 2000

By electronic lodgement

Dear Ms Wigneswaran

Re: Notice under sections 708A(5)(e) and 1012DA(5)(e) of the Corporations Act 2001

This notice is given by:

• GPT RE Limited (ABN 27 107 426 504) ( GPT RE ) as the responsible entity of General Property Trust (ARSN 090 110 357) ( GPT ); and

• GPT Management Holdings Limited (ABN 67 113 510 188) ( GPTMHL ),

(together, the GPT Group ) under sections 708A(5)(e) and 1012DA(5)(e) of the Corporations Act 2001 (Cth) (the Act ).

The GPT Group advises that:

• (a) it has today issued 342,857,143 stapled securities ( Placement Securities ) to institutional investors pursuant to a placement, the results of which were announced to the ASX on 11 May 2009 and 27 May 2009;

• (b) the Placement Securities were issued without disclosure to investors under Part 6D.2 of the Act and without a Product Disclosure Statement for the Placement Securities being prepared;

• (c) this notice is being given under sections 708A(5)(e) and 1012DA(5)(e) of the Act;

• (d) as a disclosing entity, the GPT Group is subject to regular reporting and disclosure obligations;

• (e) as at the date of this notice, the GPT Group has complied with:

GPT Securityholder Service Centre

T: 1800 025 095

F: +61 2 9287 0303

• (i) the provisions of Chapter 2M of the Act as they apply to the GPT Group; and

• (ii) section 674 of the Act as it applies to the GPT Group; and

E: gpt@gpt.com.au

www.gpt.com.au

• (f) as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7), 708A(8), 1012DA(7) and 1012DA(8) of the Act.

Yours sincerely

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James A Coyne Company Secretary GPT Group

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