GPT GROUP — Capital/Financing Update 2020

Nov 1, 2020

2 November 2020

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GPT announces plans to sell its 25 per cent interest in 1 Farrer Place, Sydney.

The GPT Group (“GPT” or “Group”) today announced plans to divest its 25 per cent interest in 1 Farrer Place, Sydney.

In announcing the planned sale of the asset, GPT’s Chief Executive Officer Bob Johnston said: “Farrer Place is one of Australia’s most iconic office assets attracting high quality tenants. It is rare for opportunities of this quality to be offered to the market and we expect it will be well sought after by both domestic and offshore investors.”

The execution of the sale is subject to pre-emptive first right arrangements with co-owners.

Should a sale be successful, GPT expects to be able to re-invest the proceeds into new opportunities including the Group’s logistics development pipeline.

GPT continues to have a very strong balance sheet position and a successful sale will further strengthen this position.

-ENDS-

Authorised for release by the Chief Executive Officer.

For more information, please contact:

INVESTORS

Sarah Appleyard Investor Relations Manager +61 417 652 052

MEDIA

Grant Taylor Media Manager +61 403 772 123

Sophia Bashford Investor Relations Senior Associate +61 427 246 484

www.gpt.com.au