GPT GROUP — Capital/Financing Update 2010

Apr 18, 2010

ANNOUNCES

19 April 2010

GPT to participate in GPT Wholesale Office Fund Capital Raising

Further to the announcement on 12 April that the GPT Wholesale Office Fund (GWOF) would seek to raise approximately $400 million in equity, the GPT Board has determined that GPT will participate in the raising with the take up of the Group's full entitlement of approximately $136 million. This will maintain the Group's weighting in the Fund at approximately 34%, assuming $400 million is raised, and provide GPT with further exposure to Premium quality assets at a low point in the real estate cycle.

GWOF is the largest unlisted Australian office fund, with interests in 15 assets and a total value of approximately $2.9 billion. The Fund has exposure to quality assets such as the Darling Park Complex and workplace[6] in Sydney, 530 Collins Street and 800 and 808 Bourke Street buildings in Melbourne, and Riverside Centre in Brisbane. It also recently acquired 50 per cent of the premium grade 163 Castlereagh Street in Sydney.

- Ends -

For further information contact:

Michael O’Brien Samantha Taranto Chief Financial Officer Group Media Manager 02 8239 3544 02 8239 3635 0417691028 0432 384 696

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