GPT GROUP — Major Shareholding Notification 2008

Nov 16, 2008

Form 605 Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder

To: GPT Group ACN: 107 426 504 ASX Code: GPT

1. Details of substantial holder

Name: IOOF Holdings Limited ACN: ACN 100 103 722

This notice is given by IOOF Holdings Limited, on behalf of itself and its subsidiaries.

The holder ceased to be a substantial holder on: The previous notice was given to the company on: The previous notice was dated:

12/11/08 14/11/08 12/11/08

2. 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 as follows:

Date	Person	Nature	Consideration	Class &number (ord)	Person's votes
12/11/2008	Perennial Investment PartnersLimited(ACN 087 901 620)	Sold on market	-$220,285,954.00	- 155,904,821	- 155,904,821

3. 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 & ACN	Nature of association
Not applicable

2

4. Addresses

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

Name	Address
GPT Group	Level 52 , MLC Centre , 19 Martin Place ,SYDNEY , NSW, AUSTRALIA, 2000
Perennial Investment Partners Limited	Level 29, 303 Collins StMelbourne VIC 3000
IOOF Holdings Limited	Level 29, 303 Collins StreetMelbourne Victoria 3000