GPT GROUP — Capital/Financing Update 2012

Jan 16, 2012

17 January 2012

GPT Medium Term Note Issue

The GPT Group (GPT) today priced A$150 million of fixed rate Medium Term Notes (MTNs) for a term of 7 years providing additional liquidity to fund short and medium term capital requirements. The issue is consistent with the Group’s capital management strategy and diversifies sources of borrowing as well as maintaining a long average debt maturity.

The MTNs are priced at a margin of 235 basis points above the benchmark interest rate representing a total coupon of 6.75%. The MTNs are rated in line with GPT’s corporate rating, being Standard & Poor’s A- (stable) and Moody’s Investors Service A3 (stable).

Chief Financial Officer, Michael O’Brien said, “Re-entering the domestic bond market and diversifying our debt sources is an important step in the implementation of the Group’s capital management strategy”.

“We are very pleased with the 7 year term as this is the longest dated MTN issued by an AREIT in over 12 months in the domestic market. Following the issue, GPT’s average debt maturity is a healthy 5 years”.

“The proceeds will further strengthen GPT’s balance sheet and will increase available liquidity to support our investment plans. As previously disclosed, GPT has no refinancing due until 2013”, Mr O’Brien said.

Commonwealth Bank, UBS and Westpac were Joint Lead Managers for this transaction, which is expected to settle on 24 January 2012.

- Ends -

For further information please contact:

Anastasia Clarke

Michael O’Brien Anastasia Clarke Wendy Jenkins Kylie Fitzgerald Chief Financial Officer Group Treasurer Group Investor Relations Group Communications 02 8239 3544 02 8239 3840 Manager Manager 0417 691 028 0413 009 618 02 8239 3732 02 8239 3683 0418 226 889 0408 316 437