GPT GROUP — Major Shareholding Notification 2005

Jul 11, 2005

Form 604

Corporations Act 2001 Section 6718

Notice of change of interests of substantial holder

General Property Trust ĬΩ ACN/ARSN 090 110 357

1. Details of substantial holder

Name	Barclays Global Investors Australia Limited on behalf of the Barclays Group ("BGI")
ABN	33 001 804 566 (Barclays Global Investors Australia Limited)

There was a change in the interests of the substantial holder on	7 July 2005
The previous notice was given to the company on	21 August 2003
The previous notice was dated	21 August 2003

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder 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:

l Class of securities	Previous notice		Present notice
	Person's votes	Voting power	Person's votes	Voting power
Ordinarv	104.662.625	5.37%	130.325.418	6.46%

3. Changes in relevant interests

Particulars of each change in, or change on the nature of, a relevant interest of the substantial holder or an associate in votina 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
7/7/05	BGL	Increase in voting power	Average price \$3.63	130,325,418 ordinary	6.46%

4. Present relevant interests

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

Holder of	Registered holder of securities	Nature of	Class and	Person's
relevant		relevant interest I number of		votes
interest			' securities

` BG+	UP Morgan & other custodians - See Annexure "A"	130.325.418 6.46%
		ordinary

5. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Barclays Global Investors	1/111 Harrington Street, Sydney NSW 2000
Australia Límited

Signature

Andrew Kuo Company Secretary Barclays Global Investors Australia Date

This is "Annexure A" of 1 page referred to in Form 604 Notice of change of interests of substantial holder

Relevant interest in General Property Trust ("GPT") held by members of the Barclays Group

ASX	Presidenti de recede di sua della composició Presidenti التبيت and a conflict		- %
CODE	STOCK NAME	HOLDING		COMPANY
GPT	General Property Trust	843,888		0.04 Barclays Global Investors Japan Ltd
GPT	General Property Trust	8,354,063		0.41 Barclays Global Fund Advisors
GPT	General Property Trust	707,964		0.04 Barclays Life Assurance Co Ltd
GPT	General Property Trust	84,978,970		4.21 Barclays Global Investors Australia Ltd
		1.776.421		0.09 Barclays Global Investors Japan Trust &
GPT	General Property Trust			Banking
GPT	General Property Trust	13,476,363		0.67 Barclays Global Investors Ltd
GPT	General Property Trust	20,187,749		1.00 Barclays Global Investors, N.A.
		130,325,418	6.46

The list of Barclays entities and their respective holdings are as follows:

The JP Morgan Chase Bank Inc. and various other custodians (Custodians) hold shares in GPT as custodian and for which the members of the Barclays Group are either:

• the responsible entity or trustee of pooled investment products such as registered managed investment schemes (Funds); or
• the investment manager of Portfolios held for a number of institutional investors. The institutional $\bullet$ investors are generally superannuation funds regulated under the Superannuation Industry Supervision Act 1993.

The holding of shares in GPT was acquired as part of the wide portfolio of Australian shares and units acquired for the Funds and the Portfolios.

The members of the Barclays Group and the Custodians may hold relevant interests due to the capacity of these entities to dispose of the shares in GPT.

Each investor in a Fund owns an undivided interest in the Fund's assets, no client directly owns any asset of the Fund. The unitholding of each Fund varies from time to time as clients enter and withdraw from the Funds. The various institutional investors with portfolios delegate the management of the portfolios to the members of the Barclays Group.

Andrew Kuo Company Secretary Barclays Global Investors Australia

Date