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GROWTHPOINT PROPERTIES AUSTRALIA Capital/Financing Update 2009

May 3, 2009

65007_rns_2009-05-03_51fb3e88-2d3f-4dce-b504-5db55ce984ed.pdf

Capital/Financing Update

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4 May 2009

ASX ANNOUNCEMENT ORCHARD INDUSTRIAL PROPERTY FUND (ASX Code: OIF)

Settlement of 26 William Angliss Drive, Laverton North

The Orchard Industrial Property Fund today settled the contract of sale for 26 William Angliss Drive, Laverton North.

Proceeds from the sale have been used to reduce debt.

Timothy Collyer

Head of Funds Management and Fund Manager

Further information

For further information, please call Orchard Investor and Adviser Services on 1800 008 494.

About the Orchard Industrial Property Fund

The Orchard Industrial Property Fund is a publicly traded ASX listed property trust that specialises in the investment of industrial property. It currently owns interests in a diversified portfolio of 24 industrial properties throughout Australia, with a total market value of approximately $743 million. The Responsible Entity for the Fund is Orchard Property Limited, a subsidiary of Orchard Funds Management.

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