GPT GROUP — Capital/Financing Update 2013

Jan 8, 2013

THE GPT GROUP ANNOUNCES

9 January 2013

Two Homemaker Centre divestments progress The GPT Group’s strategy

The GPT Group (GPT) today announced it had divested its Brisbane Homemaker Centres at Aspley and Jindalee for a total of $91.7 million in separate transactions. The sales progress GPT’s strategy to focus on owning and managing high quality shopping centres, office assets and logistics and business parks.

The sale of both assets to private investors for $91.7 million represents a 3.8 per cent discount to 30 June 2012 book value.

Homemaker City Aspley was sold for $41.2 million, with settlement due to occur in March, 2013. Homemaker City Jindalee was sold for $50.5 million and settlement is expected April, 2013.

GPT’s Head of Investment Management Carmel Hourigan said the sale of the non-core assets would further strengthen the quality of the retail portfolio and support the group’s move towards its target weightings.

“GPT is committed to portfolio weightings of 15 per cent for logistics and business parks, 35 per cent for office and 50 per cent for retail,” Ms Hourigan said.

“While these target weightings can be achieved through organic growth, GPT will also continue to look at strategic investment opportunities.”

ENDS

For further information please contact:

Brett Zarb

Group Media Manager 02 8239 3857 0434 073 890

Wendy Jenkins

Group Investor Relations Manager 02 8239 3732 0418 226 889

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