GPT GROUP — Director's Dealing 2008

Oct 29, 2008

GPT RE Limited ABN 27 107 426 504 as Responsible Entity of General Property Trust AFSL 286511

Level 52 MLC Centre 19 Martin Place Sydney NSW 2000 Australia

T: +61 2 8239 3555 F: +61 2 9225 9318 E: gpt@gpt.com.au www.gpt.com.au

30 October 2008

The Manager Companies Section Australian Stock Exchange Limited (Sydney) 20 Bridge Street Sydney NSW 2000

By electronic lodgement

Dear Sir

Re: Appendix 3Z - Final Director's Interest Notice

Please find attached the Appendix 3Z Form for Nicholas Crispin Lyons.

Yours sincerely

Kapyes A Coyne Company Secretary

Rule 3.19A.3

Appendix 3Z

Final Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	GPT Group comprising the stapled securities of General Property Trust
	(Trust) and GPT Management Holdings Limited (GPTMHL)
ABN	58 071 755 609 - Trust
	67 113 510 188 - GPTMHL

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Nicholas Crispin Lyons
Date of last notice	23/05/07
Date that director ceased to be director	23/10/08

Part 1 - Director's relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

1,169,115 Ordinary Securities

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest	Number & class of securities
	NΑ

• See chapter 19 for defined terms.

11/3/2002

Part 3 - Director's interests in contracts

Detail of contract	None
Nature of interest	NA
Name of registered holder (if issued securities)	NA.
No. and class of securities to which interest relates	NA

⁺ See chapter 19 for defined terms.