GPT GROUP — Capital/Financing Update 2014

Apr 16, 2014

17 April 2014

Update on GPT Wholesale Office Fund agreement to acquire up to four office assets for $679M

On 6 January 2014 GPT Wholesale Office Fund (GWOF) entered into a binding memorandum of understanding (MOU) with DEXUS and the Canada Pension Plan Investment Board (CPPIB) (together the Consortium) in relation to the acquisition of up to four high quality office assets for $679 million.

In line with the MOU and with the Consortium having reached 100 per cent ownership of the Commonwealth Property Office Fund (CPA), GWOF has exercised its call options to acquire the following CPA assets:

• 750 Collins Street, Melbourne;

• 50 per cent of 2 Southbank Boulevard, Melbourne;

• 50 per cent of 10 Shelley Street, Sydney; and

• 655 Collins Street, Melbourne.

Management expects settlement on 750 Collins Street, Melbourne and settlement on 655 Collins Street, Melbourne to occur within the next four weeks. 2 Southbank Boulevard and 10 Shelley Street are subject to pre-emptive rights processes.

On 27 March 2014, GPT Wholesale Shopping Centre Fund exchanged contracts to acquire CPPIB’s 50 per cent ownership of Northland Shopping Centre in Melbourne for $496 million. The acquisition is due to settle on 30 April 2014.

For more information, please contact:

Brett Ward

Head of Investor Relations 02 8239 3536 0437 994 451

Brett Zarb

Group Media Manager 02 8239 3979 0417 256 563

About The GPT Group:

GPT is an active owner and manager of an $8.6 billion diversified portfolio of high quality Australian retail, office and logistics and business parks property assets and two wholesale funds with $7.1 billion under management. The Group owns, and has created, some of Australia's most iconic real estate assets, including MLC Centre and Australia Square in Sydney, Melbourne Central and One One One Eagle Street in Brisbane.

Listed on the Australian Stock Exchange (ASX) since 1971, GPT is today one of Australia's largest diversified listed property groups and has a market capitalisation of approximately $6.4 billion. GPT has a substantial investor base, with more than 39,000 investors and is one of the top 50 listed stocks on the ASX by market capitalisation.

==> picture [596 x 89] intentionally omitted <==