GPT GROUP — Regulatory Filings 2003

May 22, 2003

fax sent by - 612 92499982

Deutsche Asset Management (Australia) Limited ABN 11 076 098 596 Licensed Dealer in Securities

Level 21 83 Clarence Street Sydney NSW 2000 PO Box N127

Grosvenor Place NSW 1220

Telephone 61 2 9249 9000 Direct 61 2 9249 9346 Facsimile 61 2 9249 9121 Email michael-db.brown@db.com

23 May 2003

The Manager Company Announcements Office Australian Stock Exchange 20 Bridge Street SYONEY NSW 2000

Dear Sir/Madam

Deutsche Office Trust - Australia Square, 264 George Street, Sydney

Deutsche Asset Management (Australia) Limited as the responsible entity for the Deutsche Office Trust (DOT) is pleased to provide the following information to unitholders.

As joint owner of Australia Square, with General Property Trust, Deutsche Office Trust today announced that they have agreed an extension of Lend Lease's tenancy at Australia Square. Sydney. Details of the joint announcement released by General Property Trust are attached.

For further information please contact Michael Brown, General Manager, Deutsche Office Trust on 02 9249 9346, Linda Smith, Trust Analyst on 02 9249 9955, or Warren Boothman, Marketing Manager on 03 9270 4418,

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lan Thompson Company Secretary

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General Property Trust & Deutsche Office Trust ASX Announcement and Media Release

Extension of Lend Lease tenancy at Australia Square 23 May 2003

The joint owners of Australia Square, General Property Trust (ASX GPT) and Deutsche Office Trust (ASX DOT) today announced that they had agreed an extension of Lend Lease's tenancy at Australia Square, Sydney.

Lend Lease (ASX LLC) currently is committed to a number of leases at Australia Square totalling 25,000 sqm, the majority of which expire on 31 December 2003. Lend Lease has signed an agreement to relocate to a new building being developed at 30 The Bond, Hickson Road, Sydney. Under the terms of the agreement, Lend Lease will remain in approximately 16,700 sqm of its tenancy at Australia Square until 31 March 2004 when the new premises are expected to be complete. Lend Lease will occupy a combination of eight Plaza Building floors. eight Tower low rise floors, and two Tower high rise floors.

Lend Lease will make rental payments over the space it continues to occupy until 31 March 2004. An amount equivalent to approximately nine months rent will be paid in consideration of the extension and makegood obligations. Rental payments will be at Lend Lease's current rent level. In addition, Lend Lease will continue to make rental payments on two Tower floors that have lease expiries beyond the extension period.

Tony Cope, Office Portfolio Manager for GPT, said he was pleased that an agreement that satisfied the needs of all parties had been reached.

"The extension with Lend Lease returns its space to us over an extended period and into what we expect to be a stronger leasing market, maximising our ability to lease the space with minimum downtime. It also gives us ample time to complete the significant Harry Seidler designed upgrade of Australia Square that will commence shortly." Mr Cope said.

Michael Brown of Deutsche Office Trust said that the agreement with Lend Lease had also been structured to maximise the owners' ability to take back space from Lend Lease as needed to accommodate new tenants.

"The arrangements give us flexibility to access space as it is needed while also working with Lend Lease to ensure a smooth transition to its new premises at Hickson Road," Mr Brown said.

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ENDS

For further information please call:

Tony Cope Office Portfolio Manager General Property Trust 02 9236 6003 0428 123 040

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Michael Brown General Manager Deutsche Office Trust 02 9249 9346 0414 902 601

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