GPT GROUP — Regulatory Filings 2003

Jan 27, 2003

$15:18$

Telephone +61 02 9272 2378 Facsimile +61 02 9278 5378 claine.chcung@barclaysglobal.com

PERFORMANCE THROUGH INNOVATION

BARCLAYS GLOBAL INVESTORS

To	ASX / GPT Management Limited
Fax Number	1300 300 021 / (02) 9236 6020
From	Elaine Cheung
	Compliance Manager
Total Pages	$4$ (incl)
Date	28 January 2003
Subject	Notice of initial substantial holder - General Property Trust

Attention: ASX Company Announcements Company Secretary, GPT Management Limited

Please find attached the following in relation to the General Property Trust:

• Form 603 Notice of initial substantial holder; and i.
• ii. "Annexure A".

Yours sincerely

SUNO S

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Elaine^lCheung Compliance Manager Barclays Global Investors Australia

Barclays Global Investors Australia Limited ABN 33 001 804 566

Level 1, 111 Harrington Street, Sydney, NSW 2000 P.O. Box N43 Grosvenor Place, NSW 1220

The information contained in this facsimile is intended only for the use of the recipient named above. This facsimile may contain privileged, confidential or undisclused information. If the reader of this facsimile is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this facsimile in error, and that any review, dissemination, distribution or copying of it is suicily prohibited. If you have received this in crear, please notify us immediately by tolephone (call us collect at the telephone number set forth above) and return the original transmittal to us by mail. Thank you for your cooperation.

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

General Property Trust To ACN/ARSN 090 110 357

1. Details of substantial holder

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

The holder became a substantial holder on 23/01/03.

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities	Number of securities	Person's votes	Voting power
Ordinary	101,723,819	101.723.819 ___	5.18%

3. Details of relevant interests

The nature of the relevant interest the substantial holder had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Barclays	Fund Manager	101,723,819 ordinary
	– see Annexure A

4. Details of present registered holders

The persons registered as holder of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Class and number of securities
Barclays	$^{\backprime}$ JP Morgan & other custodians $^{\backprime}$	101,723,819 ordinary
	– see Annexure A

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant	Date of acquisition	Consideration	Class and number of
interest		Cash/Non-cash	securities
Barclays	Past 4 months	Av price \$2.80	101,723,819 ordinary

6. Addresses

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

Name	1685
. . . 78 B. partia ---	NSW 2000 Harrington Street, Sydney 1

Signature

lo $\overline{\mathscr{L}}$

$\frac{28/103}{\text{Date}}$

Christopher Robson
Company Secretary
Barclays Global Investors Australia

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This is "Annexure A" of 1 page referred to In Form 603 Notice of Initial substantial holder

Relevant Interest in General Property Trust held by the Barclays Group ("Barclays").

ASX			%
CODE	STOCK NAME	HOLDING		ICOMPANY
GPT	General Property Trust	95,503	0.0049	Barclays Nikko Global Investors Ltd
GPT	General Property Trust	77,761,264	3.9600	Barclays Global Investors Australia Ltd
GPT	General Property Trust	661,625	0.0339	Barclays Global Fund Advisors
GPT	General Property Trust	19,692,868	1.0100	Barclays Global Investors NA
			0.0902	Barclays Global Investors Japan Trust &
GPT	General Property Trust	1,757,919		Banking Co Ltd
GPT	General Property Trust	1,754.640	0.0900	Barclays Capital Securities Ltd
		101,723,819	5.1890

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 the General Property Trust (GPT) as custodian and for which Barclays is 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 $\bullet$ 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.

Barclays 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 Barclays.

$\frac{28}{103}$

Christopher Robson Company Secretary Barclays Global Investors Australia