Senior Executive Update

Goodman (NZ) Limited, the Manager of Goodman Property Trust, advises that Peter Dufaur has resigned from the position of General Manager Development and will be leaving the business. John Dakin, Chief Executive Officer, said "Peter has led a very successful development business for Goodman over the last 12 years including the build- out of Highbrook Business Park, now a $1 billion investment for Goodman Property Trust. The Board and Management Team thank him for his significant contribution and wish him every success in the future." Peter will remain with the business until 30 September 2017. For further information please contact: John Dakin Chief Executive Officer Goodman (NZ) Limited (09) 375 6063 (021) 321 541 About Goodman Property Trust: GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $1.6 billion, ranking it in the top 20 of all listed investment vehicles. The Manager of the Trust is a subsidiary of the ASX listed Goodman Group, Goodman Group are also the Trust's largest investor with a cornerstone unitholding of 21%. GMT is New Zealand's leading industrial and business space provider. It has a substantial property portfolio with a value in excess of $2.3 billion that accommodates more than 250 customers. The Trust holds an investment grade credit rating of BBB from Standard & Poor's End CA:00298894 For:GMT Type:OFFICE Time:2017-03-27 14:13:41