GPT GROUP — Capital/Financing Update 2015

Jan 21, 2015

NOT FOR DISTRIBUTION IN THE UNITED STATES

22 January 2015

GPT SUCCESSFULLY COMPLETES INSTITUTIONAL PLACEMENT

The GPT Group (GPT) is pleased to announce the successful completion of the institutional placement (Placement) to raise $325 million, as announced on 21 January 2015.

The Placement was conducted at a fixed price of $4.23 per security, which represents a 3 per cent discount to the GPT closing price on 21 January 2015.

Chief Financial Officer, Mark Fookes said, "We are very pleased with the strong level of support we received in the Placement from existing securityholders."

Approximately 76.8 million new securities will be issued under the Placement, which will rank equally with existing securities. Settlement of the Placement is expected to occur on 28 January 2015, with allotment and trading expected on 29 January 2015.

UBS AG, Australia Branch acted as Sole Lead Manager and Underwriter to the Placement.

Eligible securityholders will be offered the opportunity to subscribe for securities in GPT via a nonunderwritten security purchase plan (SPP). Further details on the SPP will be lodged with the ASX and sent to eligible securityholders in due course.

- Ends -

For further information please contact:

Mark Fookes Brett Ward Chief Financial Officer Head of Investor Relations +61 2 8239 3518 +61 2 8239 3536 +61 412 279 833 +61 437 994 451

Brett Zarb

Group Media Manager +61 2 8239 3979 +61 417 256 563

Important Notices

Not an offer

Nothing in this announcement constitutes an offer of securities for sale or an offer to purchase any securities, or an invitation to any person to make such an offer, in any jurisdiction.

This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. The securities to be offered and sold in the institutional placement have not been, and will not be, registered under the U.S. Securities Act of 1933 (the "Securities Act") or the securities laws of any state or other jurisdiction of the United States. Securities may not be offered or sold in the United States absent registration under the Securities Act or an exemption from registration. Accordingly, the securities to be offered and sold in the institutional placement may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable U.S. state securities laws.

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