29 September 2017

The Manager

Company Notices Section ASX Limited

Exchange Centre 20 Bridge Street

Sydney NSW 2000

Dear Sir / Madam,

Goodman Group (Goodman) - Stakeholder Review and Annual Report 2017

The Goodman Stakeholder Review and Annual Report 2017 (incorporating the consolidated financial reports for Goodman Limited, Goodman Industrial Trust, and Goodman Logistics (HK) Limited was dispatched to Securityholders today.

The Reports and covering letter are attached. Yours sincerely

Carl Bicego

Company Secretary

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29 September 2017

Dear Securityholder

Goodman Group (Goodman or Group) - Stakeholder Review and Annual Report 2017

We are pleased to present the Goodman Stakeholder Review and Annual Report for 2017. The Stakeholder Review provides a comprehensive presentation of Goodman's global business for our Securityholders, customers and partners.

The Annual Report includes the consolidated financial reports for Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited (the Goodman Limited report being for the entire consolidated Goodman Group). The online versions are also available at www.goodman.com.

Goodman has produced another strong performance in FY17. We capitalised on market conditions and continued to deliver consistent and sustainable growth which saw a solid operating profit of $776 million, up 8.6% on FY16. We delivered operating earnings per security of 43.1 cents, up 7.5% on FY16 and distribution per security of 25.9 cents, up 8% on FY16.

Goodman's strategy is designed to meet the changing needs of our customers and provide sustainable returns in the future. We are proud to have been able to deliver Securityholder returns of 15% over the last year, with 159% achieved for the last five years. Our diversity of earning across divisions, combined with our scale and geographic spread, is expected to continue to deliver strong stable income growth.

Annual General Meetings

The Annual General Meetings for the Goodman entities will be held on Thursday 16 November 2017 at The Sofitel Hotel, 61 - 101 Phillip St, Sydney at 10:00am. The Notice of Meetings and Proxy Forms will be dispatched to Securityholders during October.

Thank you for your support over the past year. Yours sincerely,

Gregory Goodman

Group Chief Executive Officer

002 GOODMAN GROUP 2017

SECURITIES INFORMATION AND CORPORATE DIRECTORY 001

GOODMAN GROUP 2017

Goodman Group published this content on 29 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 September 2017 05:29:07 UTC.