GPT GROUP — Transaction in Own Shares 2011

Sep 8, 2011

GPT RE Limited ABN 27 107 426 504 as Responsible Entity of General Property Trust AFSL 286511

GPT Management Holdings Limited ABN 67 113 510 188 Level 51 MLC Centre 19 Martin Place Sydney NSW 2000 Australia

T: +61 2 8239 3555 F: +61 2 9225 9318 E: gpt@gpt.com.au www.gpt.com.au

9 September 2011

Emma Badhni Australian Securities Exchange Exchange Centre 20 Bridge Street Sydney NSW 2000

By electronic lodgement

Dear Emma

Re: Buy Back and Cancellation of Securities

We advise that 16,907,280 securities have been bought back on market and cancelled since the commencement of the buy back on 8 July 2011. Following this cancellation, there are 1,838,622,151 securities on issue.

Attached is a copy of the Form 484 lodged with ASIC. As the GPT security consists of one General Property Trust unit stapled to one GPT Management Holdings Limited share, the amount stated as paid on the GPT Management Holdings Limited cancelled shares in the Form 484 has been calculated on split between the General Property Trust unit and the GPT Management Holdings Limited share.

Yours sincerely

James A Coyne Company Secretary

GPT Securityholder Service Centre

T: 1800 025 095 F: +61 2 9287 0303 E: gpt@gpt.com.au

www.gpt.com.au

Form 484

Corporations Act 2001

Change to company details

Sections A, B or C may be lodged independently with this signed cover page to notify ASIC of:

• A1 Change of address
• A2 Change of name officeholders or proprietary company members
• A3 Change ultimate holding company

All mandatory fields will be identified with an *.

• B1 Cease company officeholder B2 Appoint company officeholder 83 Special purpose company
• C1 Cancellation of shares
• C2 Issue of shares
• C3 Change to share structure
• C4 Changes to the register of members for proprietary
• companies

If there is insufficient space in any section of the form, you may photocopy the relevant page(s) and submit as part of this lodgement

Company details	Company name * GPT Management Holdings Limited
Refer to guide for information about corporate key	Corporate key ACN/ABN and the contract of the con- 113510118
Lodgement details	Who should ASIC contact if there is a query about this form? Firm/organisation
	The GPT Group Contact name/position description
	James Coyne / Company Secretary ASIC registered agent number (if applicable)
	Telephone number (02) 8239 3516
	Postal or DX address
	Total number of pages including this cover sheet 4

Signature

This form must be signed by a current officeholder of the company.

I certify that the information in this cover sheet and the attached sections of this form are true and complete. Name

	James Anthony Coyne
This form must be SIGNED and DATED by a current $\downarrow$ officeholder after it is PRINTED	Capacity * Director $ v $ Company secretary Signature Date signed $\overline{\phantom{a}}$	(dd/mm/yyyy)
Lodgement	Send completed and signed forms to:	For help or more information

Australian Securities and Investments Commission, PO Box 4000, Gippsland Mail Centre VIC 3841.

Telephone 1300 300 630 Email Click here to send ASIC an email. Web www.asic.gov.au

Or lodge the form electronically by visiting the ASIC website www.asic.gov.au

Change Notification Page

Please notify the changes you wish to make by selecting at least one of the tick boxes available below. Your tickbox selections will generate the appropriate section(s) which will appear after this page.

$AI$ Change of address
$A2$ $\Box$ Change a name for officeholder or proprietary company members
$A3$ $\Box$ Change of ultimate holding company details	Click on the button below if you need assistance in making your selection
$\mathsf{B1} \Box$ Cease an officeholder
$B2$ $\Box$ Appoint an officeholder	Form 484 Guide
	Once you have made all your selections, scroll down to complete the

required sections and the state of the state of the section

B3 Change to special purpose company status

To notify ASIC of changes to the shares and/or members register, select the appropriate tickbox below. Please wait until the table displays showing the appropriate sections that you should complete.

	IC1 - Cancellation of Ishares	C2 - Issue of shares	C3 - Change to share structure table	C4 - Change to members register
Issue of shares $C$ $V$ Cancellation of shares Proprietary company Public company if in response to the Annual company statement $-\sqrt{\frac{1}{\sqrt{\pi}}}$ if not in response to the Annual company statement

$C \ \Box$ Transfer of shares

$C \ \Box$ Changes to amounts paid

$C \ \Box$ Changes to beneficial ownership

Once you have made all your selections, scroll down to complete the required sections

To notify ASIC about a division or conversion of a class of shares, you must lodge a form 211 within 28 days after the change occurring.

To notify ASIC about a conversion of shares into larger or smaller numbers, you must lodge a form 2205B within 28 days after the change occurring.

C1 Cancellation of shares

Reason for cancellation Please indicate the reason that shares have been cancelled (select one or more boxes)

Redeemable preference shares - S.254J

Capital reduction - S.256A -- S.256E

$\triangleright$ Share buy-back -- ss.257H(3)

Minimum holding buy-back by listed company

Other buy-back type. A form 280 or 281 must be lodged at least 14 days, and no more than 1 year before the share buy-back can take place.

• Forfeited shares S.258D
• Shares returned to a public company -- ss.258E(2) & (3)

$\Box$ Other

Details of cancelled shares

List the details of shares cancelled in the following table

Share class code	Number of shares cancelled	Amount paid (cash or otherwise)
IORD	1,210,000	\$49,393.39
'ORD	110,000	1\$4.480.01
ORD	385,327	\$16,129.79
IORD	16.098	1\$264.23
IORD	435,000	\$18,707.10
Executive constitutions and an executive announcement

Earliest date of change

Please indicate the earliest date that any of the above changes occurred *

(dd/mm/yyyy) 26/08/2011

C3 Change to share structure

Where a change to the share structure table has occurred (eg. as a result of the issue or cancellation of shares), please show the updated details for the share classes affected. Details of share classes not affected by the change are not required here.

Share class code	Full title if not standard	Total number of shares (current after changes)	Total amount paid on these shares	Total amount unpaid on these shares
ORD		1839558576	Fully Paid	Nil
ORD		1839448576	Fully Paid	Nil
ORD		1839063249	Fully Paid	INil
ORD		1839057151	Fully Paid	Nil
ORD		1838622151	Fully Paid	Nil

Earliest date of change

Please indicate the earliest date that any of the above changes occurred '

(dd/mm/yyyy) 26/08/2011

Lodgement details

Is this document being lodged to update the Annual Company Statement that was sent to you? $\Box$ Yes

$\ddot{\phantom{a}}$

. .
$\sqrt{ }$ No