GPT GROUP — Capital/Financing Update 2022

Nov 23, 2022

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24 November 2022

GPT sells two logistics assets in Sydney and Melbourne

The GPT Group (‘GPT’) today announced it has exchanged contracts for the sale of Rosehill Business Park, Camelia, NSW and Citiport Business Park, Port Melbourne, VIC for $256.2 million.

GPT has added significant value to each of these assets through recent successful leasing. The sale price represents a 1.5% discount to book valuation at 30 June 2022, and a 9% premium to book valuation at 31 December 2021. Settlement of the transaction is expected by early 2023.

Capital proceeds from the divestments will initially be used to pay down debt.

-ENDS-

Authorised for release by The GPT Group’s Managing Director and Chief Executive Officer Bob Johnston.

For more information, please contact:

INVESTORS MEDIA Penny Berger Grant Taylor Head of Investor Relations & Group External Communications Corporate Affairs Manager +61 402 079 955 +61 403 772 123

Level 51, 25 Martin Place, Sydney NSW 2000

www.gpt.com.au

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