GPT GROUP — Regulatory Filings 2004

Oct 7, 2004

General Property Trust ASX Announcement and Media Release

General Property Trust Announces

First Court Approval

8 October 2004

GPT announced today that it had obtained orders from the Supreme Court of New South Wales confirming that it would be justified in convening a meeting of unitholders to approve the proposed merger of General Property Trust and Lend Lease.

Distribution of the explanatory materials will commence at the end of next week.

ENDS

Enguiries For further information please contact:

Nic Lyons Chief Executive Officer General Property Trust $(02)$ 9237 5816

Martin Debelle /Graham Canning Cannings $(02)$ 9252 0622