GPT GROUP — Regulatory Filings 2005

Nov 6, 2005

Media and ASX Release

7 November 2005

Network and GPT sign outdoor advertising agreement

Outdoor advertising operator Network Limited ('Network') has signed a long term advertising agreement with the GPT Group ('GPT').

The agreement with GPT provide for the exclusive development of external medium and large format outdoor advertising signs within the shopping centre properties managed by GPT nationwide.

Network will have access to GPT managed maior shopping centres such as Carlingford Court. Casuarina Square, Charlestown Square, Chirnside Park, Dandenong Plaza, Floreat Forum, Forestway, Parkmore and Wollongong Central, plus GPT's future major development at Rouse Hill. The agreement also includes 11 Homemaker City Centres located in south-east Queensland. Melbourne and Sydney.

The first of the large format signs have just been installed at Floreat Forum, one of Perth's major AB demographic regions with little to no other outdoor signs. Other DA applications have also been lodged with local councils with the rest well into the development stage. Construction of the next tranche of sites is anticipated to begin in 2006.

Brendon Cook of Network commented, 'The agreement with GPT expands our organic growth strategy. The alliance with a company of the size and excellent reputation of GPT enhances our positioning as a provider of quality advertising sites to advertisers Australia wide. This is an exciting opportunity for Network with the signs, as with other shopping centres, being positioned at key entry and access points to each centre.'

Mark Fookes, Head of Retail for GPT said, 'Our relationship with Network furthers our approach to maximise returns from GPT's assets while working with quality partners to deliver results'

For more information: Brendon Cook, Managing Director Network Limited +61 (0)2 9927 5555 bcook@networkoutdoor.com.au

About Network Limited: Listed on the ASX (Code: NWK), Network is an Australian-owned and operated outdoor media company specialising in the management and ownership of billboard assets. Network is well positioned to leverage its current position as Australia's largest outdoor media brokerage group.

The company has demonstrated capabilities including over 15 years of strong growth, an extensive national network of site owners, a successful management leam, and the ability to grow through strategic acquisitions.

Network is well placed to consolidate its position and exploit growth opportunities in the Australian media industry through both management and ownership of outdoor billboard sites (inventory).

About GPT: Established in 1971, the GPT Group is one of Australia's oldest and largest property groups with assets of over A\$9 billion and an investor base of over 45,000. GPT's assets include quality investment properties located around Australia in the retail, office, industrial, and hotel/tourism sectors.

GPT's retail assets include quality shopping centres and Homemaker centres around Australia with a total value of A\$4.3 billion. GPT's shopping centres represent some of the best performing centres in Australia in terms of sales per square metre of space. GPT is one of the largest owners and managers of bulky goods centres in Australia with 11 Homemaker City centres.

Network Sydney Melbourne Brisbane Adelaide www.networklimited.com www.networkoutdoor.com.au