GROWTHPOINT PROPERTIES AUSTRALIA — M&A Activity 2016

Apr 4, 2016

THE GPT METRO OFFICE FUND ANNOUNCES

5 April 2016

Indicative, non-binding, conditional proposal to acquire all units in GMF

In response to the announcement released by Growthpoint Properties Australia ( Growthpoint ) today[1] , GPT Platform Limited ( Responsible Entity ) as responsible entity of GPT Metro Office Fund ( GMF or the Fund ) confirms that it has received a resubmitted highly conditional, non-binding and indicative proposal from Growthpoint to acquire all of the units in GMF ( Proposal ).

For the purposes of considering whether GMF will engage with Growthpoint in relation to the Proposal, the Responsible Entity has established an Independent Board Committee ( IBC ) comprising independent directors John Atkin (Chairman), Justine Hickey and Paul Say.

No action is required by GMF unitholders at this time .

The IBC is being advised by UBS AG, Australia Branch as financial adviser and Ashurst Australia as legal adviser.

The IBC will provide further updates to the market as appropriate.

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For further information, please contact:

Chris Blackmore

Amanda Caucino

Fund Manager Investor Relations Manager 02 8239 3512 02 8239 3722 0404 288 892 0428 043 053

Scott Rochfort

Media and Content Manager 02 8239 3938 0438 733 864

1 As released to the ASX on 5 April 2016.

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