GPT GROUP — Major Shareholding Notification 2011

Aug 2, 2011

Form 603 Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme	GPT Group
ACN/ARSN	The GPT Group: ABN 58 071 755 609 GPT Management Holdings Limited: ACN 113 510 188
1. Details of substantial holder (1)
Name	Cohen & Steers Inc and all bodies controlled by Cohen & Steers Inc.
ACN/ARSN (if applicable)	N/A
The holder became a substantial holder on	29/07/2011

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 or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Full paid ordinary units	93,911,941	75,922,835	4.09% of 1.855,529.431

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate 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 (7)	Class and number of securities
Cohen & Steers, Inc.	Deemed relevant interest via control of CSCM (s608(3)(b) of Corporations Act) and control of HR (s608(3)(a) of Corporations Act)	93.911.941

4. Details of present registered holders

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Cohen & Steers, Inc.	N/A	N/A	93,911,941 fully paid ordinary units

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 interest	Date of acquisition	Consideration (Cash)	Class and number of securities
Cohen & Steers, Inc.	_____ 29 March 2011 - 29 July 2011	AUD 22,189,515.34	7.202.563

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows!

Name and ACN/ARSN (if applicable)	Nature of association
Cohen & Steers Capital Management linc.	A wholly owned subsidiary of Cohen & Steers, Inc.
Cohen & Steers Europe SA	A wholly owned subsidiary of Cohen & Steers, Inc.
Cohen & Steers Asia Limited	A wholly owned subsidiary of Cohen & Steers, Inc.

7. Addresses

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

Name	Address
Cohen & Steers, Inc.	280 Park Avenue, New York, NY 10017, USA
Cohen & Steers Capital Management Inc	280 Park Avenue, New York, NY 10017, USA
ICohen & Steers Europe SA	Chausse de la Hulpe 166, Brussels B-1170, Belgium
lCohen & Steers Asia Limited	1202 Citibank Tower, Citibank Plaza, 3 Garden Road, Central, Hong Kong

Signature

print name	Stephen I avine	capacity	Compliance Manager
sign here		date	August 2 nd , 2011

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and $(1)$ trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• Include details of: $(7)$
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any $(a)$ document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the $(b)$ securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(8)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown."
• $(9)$ Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired