GPT GROUP — Director's Dealing 2012

Feb 23, 2012

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 - GPT MHL

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Michael Cameron
Date of last notice	1/07/2011

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	Direct
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	20/02/2012
No. of securities held prior to change	470,991 stapled securities
	1,766,243 performance rights
Class	Performance rights granted under GPT’s
	2009 Long Term Incentive Scheme.
Number acquired	Nil
Number disposed	396,617 performance rights.
Value/Consideration	$3.08 (closing price for Stapled Securities on
Note: If consideration is non-cash, provide details and estimated valuation	17 February 2012).
No. of securities held after change	470,991 stapled securities
	1, 369,626 performance rights

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of change Lapsing of performance rights granted as part Example: on-market trade, off-market trade, exercise of options, issue of of Mr. Cameron’s 2009 Long Term securities under dividend reinvestment plan, participation in buy-back Incentive. Performance measures were not met and these rights have lapsed.

Part 2 – Change of director’s interests in contracts

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.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to	N/A
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change	N/A

Part 3 –[+] Closed Period

Part 3 –+Closed Period
Were the interest in the securities of contracts detailed	Yes
above traded during a+closed period where prior
written clearance was required?
If so, was prior written clearance provided to allow the	No as it is the lapsing of
trade to proceed during this period?	performance rights granted as
	part of Mr Cameron’s Long
	Term Incentive, the terms of
	which have been advised to the
	ASX.
If prior written clearance was provided, on what date	N/A.
was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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