GPT GROUP — Interim / Quarterly Report 2011

Aug 25, 2011

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Appendix 4D

GPT Group – GPT Management Holdings Limited (comprising GPT Management Holdings Limited and its controlled entities)

Interim Financial Report For the half year ended 30 June 2011

Results for announcement to the market

2.12.22.3	Total revenues and other incomeLoss from operations as assessed by Directors(1)Net loss after income tax expenseattributable to stapled security holders	12%62,600,224-50%(12,312,338)-86%(5,429,589)uptodowntodownto	12%62,600,224-50%(12,312,338)-86%(5,429,589)uptodowntodownto
2.4	Distributions		Amount per stapled security
	Nil		Nil
2.5	Record date for determining entitlement to the distributions		N/A
2.6	Brief explanation of any figures in 2.1 to 2.4 necessary to enable the figures to be understood:Refer to the attached announcement for a detailed discussion on GPT Management Holdings Limited and its controlled entities's results for the half year ended 30 June2011.
6.0	Details of individual and total dividends or distribution payments.	Amount per stapled security	Total
	Nil	Nil	Nil
7.0	Details of any dividend or distribution reinvestment plans in operationNil
9.0	Net tangible assets per security	30 June 2011$0.05	31 December 2010$0.05
10.0	Details of entities over which control has been gained or lost during the periodNil

(1) Profit from operations represents Directors’ assessment of realised operating income (“ROI”) which is a financial measure that is based on profit under Australian Accounting Standards adjusted for certain unrealised items, non-cash items, gains or losses on investments or other items the Directors determine to be non-recurring or capital in nature. ROI is not prescribed by any Australian Accounting Standards. The adjustments that reconcile the Segment Result to the net profit or loss for the half year may change from time to time, depending on changes in accounting standards and/or the Directors’ assessment of items that are non-recurring or capital in nature. A description of the material adjustments is included in note 2(b) and (c) of the Interim Financial Report of GPT Management Holdings Limited and its controlled entities (the GMH Group).

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11.0 Details of associates and joint ventures entities The associate and joint ventures’ whose contribution to the GMH Group's net profit is considered most significant to understanding the financial statements are detailed below:

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----- Start of picture text ----- Name of associate and joint venture entities Contribution to the Group'snet loss net loss30-Jun-11 30-Jun-10$ $Joint VenturesEntities incorporated in the United StatesB-VII Operations Holding Co LLC* 8,659,682 (2,442,250)AssociatesEntities incorporated in the NetherlandsDutch Active Fund Propco BV* (4,830,948) (4,230,307)Refer to Note 5(c) of the Interim Financial Report of GPT Management Holdings and its controlled entities for names and percentage holdings of eachjoint venture and associate.* The results of these entities is included within Loss from discontinued operations in the Statement of Comprehensive Income.----- End of picture text -----