23 Junes 2010


18 September 2014
[Unitholder Name] [Address 1] [Address 2] [Address 3] [Address 4]
Dear Unitholder

GOODMAN PROPERTY TRUST ("GMT" and "Trust")

Goodman (NZ) Limited, as manager of GMT, is pleased to advise Unitholders that the first quarter distribution, for the period ended 30 June 2014, has now been paid.
The distribution included 1.6125 cents per unit in cash with an additional 0.26609 cents per unit of imputation credits attached.
Following the suspension of the Distribution Reinvestment Plan in August 2014 all
Unitholders are now receiving cash distributions from the Trust.

Distribution Reinvestment Plan ("DRP")

Participants are reminded that although the DRP is currently suspended it may be reinstated at a future date and that elections remain in place even when suspended. On reinstatement, Unitholders who have previously elected to participate in the DRP will continue to do so, unless they vary their participation by advising Computershare Investor Services.

Portfolio Update

Also enclosed with this distribution notice is the latest Portfolio Update brochure, providing a summary of GMT's recent operational performance. It's been a pleasing start to the year with strong leasing results being achieved and good progress being made in the Trust's development programme.
If you have any questions about your investment please contact our registrar, Computershare Investor Services. The telephone number is 0800 359 999 for calls originating within New Zealand or +64 9 488 8777 for international enquiries.
Yours faithfully,

Keith Smith

Chairman

Level 28, 151 Queen Street, Auckland | PO Box 90940, Victoria Street West, Auckland 1142

Tel +64 9 375 6060 | Fax +64 9 375 6061 | www.goodman.com/nz

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