GPT GROUP — Major Shareholding Notification 2008

Aug 31, 2008

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To ACN/ARSN

GPT Group (GPT) 090 110 357

1. Details of substantial holder

Name Barclays Group lodged by Barclays Global Investors Australia Limited ABN 33 001 804 566 (Barclays Global Investors Australia Limited)

There was a change in the interests of the substantial holder on

The previous notice was given to the company on

The previous notice was dated

27 August 2008

29 May 2008

29 May 2008

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:

Class of securities	Previous	notice	Present notice	Present notice
	Person’s votes	Voting power	Person’s votes	Voting power
Ordinary	163,727,753	7.63%	145,503,669	6.61%

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 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 ofchange27/08/08	Person whoserelevant interestchangedBarclays Group	Nature ofchangeDecrease invoting power	Considerationgiven in relation tochangeAverage price$2.05	Class and numberof securitiesAffected	Person’svotesaffected
				Ordinary(18,224,084)	(1.02%)

4. Present relevant interests

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

Holder ofrelevant interest	Registered holder of securities	Nature ofrelevant interest	Class and numberof securities	Person’svotes
Barclays Group	JP Morgan & other custodians –See Annexure “A”	Annexure “A”	145,503,669	6.61%

5. Addresses

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

Name	Address
Barclays Global Investors Australia Limited	Level 43,225 George Street,SydneyNSW 2000

Signature

_________________________________ Director/ Secretary Barclays Global Investors Australia

1 September 2008 Date

Barclays Global Investors Australia

Form 604 page 1 of 2

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

Relevant interest in GPT Group (“GPT”) held by members of the Barclays Group.

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

ASX	STOCK NAME	COMPANY	HOLDING	%
CODE
GPT	GPT Group	Barclays Global Investors Japan Ltd	4,125,293	0.19
GPT	GPT Group	Barclays Global Investors Ltd	12,926,885	0.59
GPT	GPT Group	Barclays Global Investors Ltd	7,775,469	0.35
GPT	GPT Group	Barclays Life Assurance Co Ltd	576,891	0.03
GPT	GPT Group	Barclays Global Investors(Deutschland)AG	147,803	0.01
GPT	GPT Group	Barclays Global Investors,N.A.	25,789,523	1.17
GPT	GPT Group	Barclays Global Fund Advisors	11,308,761	0.51
GPT	GPT Group	Barclays Capital Inc	-	-
GPT	GPT Group	Barclays Capital Securities Ltd	9,918,391	0.45
GPT	GPT Group	Barclays Global Investors Canada Ltd	260,979	0.01
GPT	GPT Group	Barclays Global Investors Australia Ltd	72,673,674	3.30
			145,503,669	6.61

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 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.

___________________________ 1 September 2008 Director/ Secretary Date Barclays Global Investors Australia

Barclays Global Investors Australia

Form 604 page 2 of 2