GPT GROUP — Capital/Financing Update 2012

Dec 9, 2012

THE GPT GROUP ANNOUNCES

10 December 2012

The GPT Group confirms indicative and non-binding proposal to acquire the investment property portfolio and commercial and industrial business of Australand Property Group

The GPT Group confirms it has made an indicative and non-binding proposal to Australand Property Group (Australand) in relation to the potential acquisition of its investment property portfolio and commercial and industrial business for cash. The proposal does not include the residential assets and business of the company.

At this stage, the proposal is incomplete and non-binding and may or may not result in GPT putting a formal, binding proposal to the Australand Board. GPT wishes to enter into constructive discussions with the Board of Australand with the aim of developing a complete proposal in the interests of both sets of securityholders.

GPT announced its strategy to move to a more balanced sector weighting with an increased exposure to office, logistics and business parks in June 2012. A potential transaction with Australand regarding its commercial and industrial assets is in line with this strategy.

The GPT Group will continue to update its securityholders and the market as appropriate.

ENDS

For further information please contact:

Tanny Mangos Wendy Jenkins Group Communications Manager Group Investor Relations Manager 02 8239 3857 02 8239 3732 0434 073 890 0418 226 889

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