GPT GROUP — Major Shareholding Notification 2004

Apr 20, 2004

Form 604 Corporations Law Section 671B

Notice of change of interests of substantial holder

				GPT
To:Company Name/Scheme	General Property Trust Level 4, 40 Hickson Road
	Millers Point NSW 2000 Fax: (02) 9236 6020
ACN/ARSN	ARSN 090 110 357
Details of substantial 1. holder Name ACN (if applicable)	National Australia Bank Limited Group (ACN 004 044 937) being comprised of the bodies corporate listed in Annexure A and which includes: National Asset Management Limited ACN 062 806 884 (previous 0.08%; present 0.021%) National Australia Bank Superannuation Fund Pty Ltd ACN 065 048 928 (previous 0.10% present 0.125%); National Australia Trustees Limited ACN 007 350 405 (previous 0.08%; present 0.08%) Flexiplan Australia Limited ACN 056 678 427 (previous 0.13%; present 0.117%) Godfrey Pembroke Financial Services Limited ACN 003 059 541 (previous 0.006%; present 0.006% MLC Limited ACN 000 000 402 (previous 2.57%; present 2.61%) MLC Investments Limited ACN 002 641 661 (previous 4.96%; present 5.617%) MLC Lifetime Company Limited ACN 000 000 420 (previous 0.03%; present Nil) gives notice of a change in relevant interests
There was a change in the interests of the substantial holder on	19/04/2004
The previous notice was given to the company on	13/06/2003
The previous notice was dated	13/06/2003
2. Previous and present voting power:	The total number of votes attached to all voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:
Class of securities	Previous Notice		Present Notice
	Person's votes	Voting power	Person's votes	Voting power
Ordinary	155.067.289	7.95%	121.262.559	6.012%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder
or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
13/06/2003 to 19/04/2004	Flexiplan Australia Limited	Share purchase	\$2.78 to \$3.17	Ordinary 493,578	493,578
13/06/2003 to 19/04/2004		Share sale	\$2.66 to \$3.12	Ordinary 605,653	605,653
13/06/2003 to 19/04/2004	Godfrey Pembroke Financial Services	Share purchase	\$2.85 to \$3.05	Ordinary 14,882	14,882
13/06/2003 to 19/04/2004	Limited	Share sale	\$2.87 to \$2.92	Ordinary 5,981	5,981
13/06/2003 to 15/04/2003	MLC Limited	Share purchase	\$2.78 to \$3.12	Ordinary 2,773,920	2,773,920
13/06/2003 to 15/04/2003		Share sale	\$2.82 to \$3.13	Ordinary 51,919,387	51,919,387
13/06/2003 to 15/04/2003	MLC Investments Limited	Share purchase	\$2.77 to \$3.10	Ordinary 39,305,749	39,305,749
13/06/2003 to 15/04/2003		Share sale	\$2.75 to \$3.13	Ordinary 22,769,114	22,769,114
13/06/2003 to 15/04/2003	MLC Lifetime Company Limited	Share sale	\$3.03	Ordinary 561,312	561,312
12/09/2003 to 02/04/2004	National Asset Management Limited	Share purchase	\$2.78 to \$3.03	Ordinary 30,480	30,480
14/07/2003 to 29/03/2004		Share sale	\$2.78 to \$3.1015	Ordinary 1,186,041	1,186,041
17/06/2003 to 02/04/2004	National Australia Bank Superannuation Fund Pty Ltd	Share purchase	\$2.7294 to \$3.10	Ordinary 1,683,400	1,683,400
02/07/2003 to 23/03/2004-04- 21		Share sale	\$2.76 to \$3.11	Ordinary 1,079,251	1,079,251

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class and number of securities	Person's votes
Flexiplan Australia Limited	Global Services Australia Pty Ltd		Power to control voting and/or disposal of shares	Ordinary 2,353,055	2,353,055
Godfrey Pembroke Financial Services Limited	Global Services Australia Pty Ltd		Power to control voting and/or disposal of shares	Ordinary 127,336	127,336
MLC Limited	Westpac Custodian Nominees Limited (ACN 002 861 565)		Power to control voting and/or disposal of shares	Ordinary 951,784	951,784
MLC Investments Limited	Westpac Custodian Nominees Limited		Power to control voting and/or disposal of shares	Ordinary 113,279,139	113,279,139
National Australia Bank Superannuation Fund Pty Ltd	National Nominees Limited (ACN 004 278 899)		Power to control voting and/or disposal of shares	Ordinary 2,530,442	2,530,442
National Asset Management Limited	National Australia Financial Management Limited (ACN 000 176 116)		Power to control voting and/or disposal of shares	Ordinary 394,679	394,679
	National Nominees Limited		Power to control voting and/or disposal of shares	Ordinary 32,073	32,073
			Sub total	426,752
National Australia Trustees Limited	Unknown		Power to control voting and/or disposal of shares	Ordinary 1,594,051	1,594,051

5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	. Nature of Association
No change

6. Addresses

The addresses of persons named in this form are as follows:
Name	Address
Flexiplan Australia Limited	Level 16 216 St George Terrace PERTH WA 6000
Godfrey Pembroke Financial Services Limited	Level 13 24 Market Street SYDNEY NSW 2000
MLC Limited	Level 10 105-153 Miller Street NORTH SYDNEY NSW 2060
MLC Investments Limited	$Level$ 4 105-153 Miller Street NORTH SYDNEY NSW 2060
MLC Lifetime Company Limited	Level 6 105-153 Miller Street NORTH SYDNEY NSW 2060
National Australia Bank Limited	Level 24 500 Bourke Street MELBOURNE VIC 3000
National Asset Management Limited	Level 6 333 Collins Street MELBOURNE VIC 3000
National Australia Bank Superannuation Fund Pty Ltd	25 Queensbridge Street SOUTH MELBOURNE VIC 3205
National Australia Trustees Limited	Lavel 24 500 Bourke Street MELBOURNE VIC 3000
National Nominees Limited	Level 24 500 Bourke Street MELBOURNE VIC 3000
Global Services Australia Pty Limited	Level 18 56 Pitt Street SYDNEY NSW 2000
Westpac Custodian Nominees Limited	Level 9 50 Pitt Street SYDNEY NSW 2000

Signature

name

Susan Elizabeth Crook Capacity Associate Company Secretary for and on behalf of National Australia Bank Limited $\bar{I}-I$ date

signature

This is Annexure A of three pages referred to in the Form 604 Notice of change of interests of substantial holder signed by me and dated

Susan Elizabeth Crook Associate Company Secretary

National Australia Bank Limited Group

National Equities Limited

National Australia Group (NZ) Limited BNZ International Australia Limited BNZ Securities Australia Limited Partown Pty Limited Bank of New Zealand BNZ Funding Limited BNZ International (Hong Kong) Limited RNZ Investments Limited BNZ Equipment Limited BNZ International Limited Amber Liquid Investments Limited BNZ Corporation Limited BNZI Securities (No 1) Limited BNZI Securities (No 2) Limited BNZ Property Investments Limited BNZ Branch Properties Limited BNZ Properties (Auckland) Limited BNZ Properties Limited Flamingo Holdings Incorporated Iraklis Eleven Limited Interchange and Settlement Limited Maroro Leasing Limited New Zealand Card Services Limited Ouill Financing Limited Peterel Financing Limited Custom Fleet (NZ) Limited Screen Holdings Limited Screen Holdings No. 2 Limited Screen Holdings No. 3 Limited Screen Holdings No. 4 Limited Screen Holdings No. 5 Limited Screen Holdings No. 6 Limited BNZ Capital Guaranteed Growth Fund Limited Bank of New Zealand Associated Companies Electronic Transaction Services Ltd Lovalty New Zealand Limited Mondex New Zealand Limited

National Americas Investment, Inc. MSRA Holdings, Inc. SR Investment, Inc. HomeSide Lending, Inc. HMC Financial, Inc. National Global MBS Manager Pty Ltd National Mortgage Securities, Inc. MSR Services Corporation SR Funding Corporation SR Solutions, Inc. Fortress Investments, Corp.

National Wealth Management Holdings Limited

National Wealth Management Services Limited National Australia Management Services Pty. Ltd. (In Liquidation) ACN 094 484 625 Ltd MLC Asia Ltd

National Australia Financial Management Limited MLC Corporate Services Asia Pte Limited PT MLC Investment Indonesia Ltd National Corporate Investment Services Limited MLC Funds Management Limited (In Liquidation) GWM Adviser Services Limited Godfrey Pembroke Limited National Asset Management Limited NAM NT Rail Ptv Limited National Australia Financial Planning Pty Limited (In liquidation) National Australia Superannuation Ptv. Ltd. NAFM Investments Pty. Ltd. (In Liquidation) JANA Investment Advisers Pty Limited Superannuation for Australian Corporate Employees Pty Ltd (In Liquidation) Wealth Management & Community Fund Pty Ltd (Not yet established) MLC Holdings Limited Your Prosperity Limited MLC Investments Limited MLC Computer Pty Limited Apogee Financial Planning Limited MLC Limited ThreeSixty Limited Godfrey Pembroke Financial Services Limited (In Liquidation) Heritage Management Limited (In Liquidation) Plum Financial Services Limited PLUMFS Limited (In Liquidation) PFS Nominees Pty Ltd FlexiPlan Australia Limited (In Liquidation) Medfin Australia Pty Limited MLC Properties Pty Limited MLC Nominees Pty Ltd Messenia Pty Limited (In Liquidation) Fortuitous Assets Ltd Sophisticated Assets Ltd Eight Star Group Ltd Stable Markets Holdings Ltd HKMLC Holdings Ltd MLC (Hong Kong) Ltd MLC Trustees (Hong Kong) Ltd SMMR (Thailand) Co. Ltd Tun Charoen Ltd Advance MLC Assurance Company Limited PT MLC Life Indonesia MLC Lifetime Company Limited Capita Properties Pty Ltd Tropical Breeze, Inc (In liquidation) National Wealth Management International Holdings Limited National Europe Holdings (Wealth Management) Limited National Australia Life Company Ltd National Australia Life Services Ltd National Australia Insurance Services Limited MLC Savings Limited MLC Trust Management Ltd Clydesdale Bank Insurance Brokers Limited Northern Bank Insurance Services Ltd. National Wealth Management New Zealand Holdings Limited BNZ Investment Management Limited BNZ Life Insurance Limited BNZ Nominees Limited

National Australia Group Europe Limited

National Americas Holdings Ltd

National Australia Group Europe Investments Ltd

National Australia Group Europe PHC Limited National Australia Group Europe Finance B.V. NAGEO B.V. Angara Limited Ariodante Limited PFA Limited National Europe Holdings Limited National Australia Group Europe Services Ltd National Europe Holdings (Ireland) Limited Northern Bank Limited Causeway Credit Ltd. Northern Bank Commercial Leasing Ltd. Northern Bank Equipment Leasing Ltd. Northern Bank Industrial Leasing Ltd. Northern Bank Nominees Ltd. Northern Bank Pension Trust Ltd. Northern Asset Finance Ltd. Northern Bank Development Corporation Ltd. Northern Bank Executor & Trustee Co. Ltd. Northern Bank Factors Ltd. Northern Bank Financial Services Ltd. Nordev Properties Ltd. Project Development (Balmoral) Ltd. Northern Bank (I.O.M.) Ltd Northern Bank Trust Company (I.O.M.) Ltd. NAM Nominees Limited Mora Property Development Co Limited (20% NBL) Kensington Hotel (Belfast) Limited (20% NBL) National Irich Rank Limited Collinstown Property Holding Co Ltd Forward Trust (Ireland) Ltd. National Australia Group SSP (ROI) Trustee Ltd National Irish Bank Financial Services Ltd. National Irish Bank Leasing Ltd. National Irish Bank Nominees Ltd. National Irish Bank Pensions Ltd. Angelsea Assets Ltd HomeSide Lending (Ireland) Limited National Irish Investment Bank Ltd. National Irish Investment Bank Nominees Ltd. National Irish Investment Bank Pensions Ltd. Norfin Investments Ltd. National Europe Holdings (GB) Limited National Australia Bank (GB) Limited National Australia UK Pension Trustee Ltd Amber Liquid (UK) Investments Limited National Australia Group SSP Trustee Ltd National Australia Finance (Commercial Leasing) Limited National Australia Finance (Equipment Leasing) Limited National Australia Finance (Industrial Leasing) Limited National Australia Finance (Leasing) Limited The Deep in Hull Limited

Clvdesdale Bank PLC CB House Purchase Limited National Australia Group CIF Trustee Ltd CB Nominees Limited CB Shelfco No. 1 Limited (In liquidation) CB Trustee Nominees Limited Clydesdale Bank Custodian Nominees Limited Clydesdale Bank Equity Limited Clydesdale Bank Asset Finance Limited Clydesdale Bank Pension Trustee Limited Clydesdale Europe Finance Limited CGF No. 3 Limited CGF No. 6 Limited CGF No. 9 Limited CGF No. 12 Limited Clydesdale Bank (Head Office) Nominees Ltd Clydesdale Bank (London) Nominees Limited Clydesdale Bank (Piccadilly) Nominees Limited North of Scotland Bank Limited Warren Collections Limited Clydesdale Trustee & Custodial Services (Ireland) Ltd (In liquidation) Clydesdale Cornorate Investment Services (Ireland) Ltd (In liquidation) Clydesdale Ireland Securities Nominees Limited (In liquidation)

Yorkshire Bank PLC Yorkshire Bank Retail Services Ltd. Fairhalsen Collections Ltd. Storecard Ltd. Eden Vehicle Rentals Ltd. Yorkshire Bank Finance Ltd.

Vorkshire International Finance B.V. Northern and General Finance Ltd. Yorkshire Bank Equipment Leasing Ltd. Yorkshire Bank Commercial Leasing Ltd Allerton House Properties Limited YB Lease Ltd. Yorlease Ltd Yorkshire Bank Home Loans Ltd. Yorkshire Bank Investments Ltd. Vorkshire Bank Financial Services Ltd Yorbank Nominees Ltd. Yorkshire Bank Nominees Ltd. Brunswick Collection Services Ltd I YB Trust Company Ltd. North British Finance Group Ltd. MSRA UK Limited North British Motor Finance Ltd North British Finance Ltd EVR Limited Custom Fleet Limited

National Australia Group Services Limited

Custom Lease Pty. Limited (In liquidation) Custom Service Leasing Limited Hegira Limited Laura Pty. Limited (In liquidation) Lavallette Pty. Limited (In liquidation) NSW Housing No. 1 Ptv. Limited Omnibus Leasing (1978) Limited (In liquidation) Rail Leasing Limited (In Liquidation) River Boyne Pty. Limited River Embley Pty. Limited Zermatt Limited (In liquidation) Fleet Systems Pty. Limited National Capital Guaranteed Fund Limited (In liquidation)

NBA Properties Limited

CBC Holdings Limited CBC Properties Limited NBA Properties (Qld.) Limited NBA Properties (Vic.) Limited

Other companies

IMD Management Ltd

ARDB Limited

Australian Banks' Export Re-finance Corporation Limited BOACT Pty Ltd Commercial Nominees Ptv. Limited Erstfeld Pty Limited Groundsel Limited (in liquidation) HICAPS Pty Limited DC One Pty Ltd DC Two Pty Ltd NAF Trustee Limited National Australia Corporate Advisory Limited NAB Investments Limited

National Australia Corporate Services Limited

Nantifus Insurance Pte Ltd. NAB Finance (Ireland) Ltd National Australia Capital Markets, LLC NAB Capital LLC

Matrix Film Investment One Pty Limited

Matrix Film Investment Two Pty Limited National Australia Finance (Asia) Limited National Australia Funding (Delaware) Inc. National Australia Investment Capital Limited National Australia Investment Brokers Limited National Australia Leasing (QId.) Pty. Limited

National Australia Managers Limited National Australia Merchant Bank (Singapore) Limited National Australia Securities Limited National Australia Trustees Limited Bourke Street Nominees Ptv. Limited National Australia Underwriters Limited National Infrastructure Investment No.1 Pty Ltd National Infrastructure Investment No.2 Pty Ltd National Infrastructure Investment No.3 Pty Ltd Asibond Pty Limited Valewin Pty Limited Elly Investments Pty Ltd Rosie Investments Pty Ltd National Nominees Limited National Nominees (London) Limited National Margin Services Pty Ltd NMS Nominees Ptv Ltd National Markets Group Limited Australian Market Automated Quotation (Ausmaq) System Limited Ausmaq (NZ) Limited National OnLine Trading Limited National OnLine Trading Nominees Pty Ltd O2-a Limited National eProcurement Ltd National eProcurement Australia Pty Ltd National eProcurement UK Ltd NBA Leasing Pty, Limited VPL Securities Pty Limited Alice Corporation Ptv Ltd (50% NAB) Harkay Limited

Guidestar Financial Limited

Guidestar Financial Group Limited Pinnaele Holdings NZ Ltd Vilexton Pty Limited Rycee 1 Pty Ltd Rycee 2 Pty Ltd Rycee 3 Pty Ltd Rycee 4 Pty Ltd Rycee 5 Pty Ltd Rycee 6 Pty Ltd Custom Fleet (Australia) Limited National Australia Capital Securities (UK) PLC National Australia Securities (Jersey) Limited Loyalty Pacific Pty Ltd (50% NAB; 50% Coles Myer) FBP Awards Fund Pty Ltd (50% NAB; 50% Coles Myer)

Relationship Services Pty Limited

Loyalty Pacific (Hong Kong) Ltd (50% RSPL) C.B.C. Investments Limited (In liquidation) C.B.C. Investments Services Limited (In liquidation) Custom Credit Holdings Limited (In liquidation) Custom Credit Corporation Limited (In liquidation) Carrington Confirmers Pty. Limited (In liquidation) Australian Equity Corporation Limited (In liquidation) First National Limited (In liquidation) First National Finance Limited (In liquidation) National Australia Limited (In liquidation) National Funding Holdings Pty Ltd Mockey 1 Pty Ltd Mockey 2 Pty Ltd Mockey 3 Pty Ltd Mockey 4 Pty Ltd Mockey 5 Pty Ltd Mockey 6 Pty Ltd National Australia Travel Limited (in Liquidation) Tasovac Pty Ltd