GPT GROUP — Capital/Financing Update 2009

Apr 14, 2009

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Selldown of Wholesale Fund Interests

15 April 2009

The GPT Group (GPT) today announced that it has agreed to sell $143 million of its interests across the GPT Wholesale Office Fund (“GWOF”) and the GPT Wholesale Shopping Centre Fund (“GWSCF”).

This sale is consistent with GPT’s strategy to vary its holdings in the Funds as a capital management tool but to always maintain a minimum 20% co-investment.

GPT has the ability to further reduce its co-investments in the Funds dependent upon investor demand.

Combined with the sale of $86 million of non core assets, this transaction brings the total of assets sold to close to $230 million over the last four months. On completion of the sale of the interests in the Funds and recent non core assets, GPT’s December 2008 balance sheet gearing (net of cash) is reduced to 32.5% on a pro forma basis.

Ends

For further information contact:

Michael O’Brien Donna Byrne Acting Chief Executive Head of Investor Relations Officer and Chief and Corporate Affairs Operating Officer 02 8239 3515 02 8239 3544 0401 711 542 0417 691 028

Media contact details:

Mark Gold

Third Person 0411 221 292

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