GPT GROUP — Capital/Financing Update 2017

Sep 20, 2017

THE GPT GROUP ANNOUNCES

21 September 2017

GPT raises US$325 million in US Private Placement

The GPT Group (“GPT” or “Group”) is pleased to announce that it has successfully priced a US$325 million (A$403 million) US Private Placement (USPP) debt issue.

The issuance comprises two tranches, being US$160 million of 12-year notes and US$165 million of 15-year notes. The pricing represents an average margin of 189 basis points over BBSW once swapped back into Australian dollars. The proceeds will initially be used to repay borrowings under the Group’s revolving bank facilities.

GPT’s Chief Financial Officer, Anastasia Clarke, said the issuance enhances liquidity, diversifies GPT’s sources of capital and extends the Group’s weighted average debt maturity profile to approximately 6.9 years.

“We are very pleased with the support we have received from US investors, with the initial target offering of US$150 million being increased to US$325 million to meet additional demand,” Ms Clarke said.

“This is a strong endorsement of GPT’s credit strength, with investors attracted to our high quality diversified portfolio.”

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For further information please contact:

Investors:

Brett Ward Head of Investor Relations and Corporate Affairs +61 2 8239 3536 +61 437 994 451

Media: Scott Rochfort Group Media Manager

+61 2 8239 3938 +61 438 733 864

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