Charter Hall Office REIT : Completion of sale of Promenade ll, Atlanta

ASX/MEDIA ANNOUNCEMENT

Charter Hall Office Management Limited

ABN 75 006 765 206

AFS Licence No. 247075 as responsible entity of Charter Hall Office REIT

COMPLETION OF SALE OF PROMENADE II, ATLANTA

Thursday, 24 November 2011

Charter Hall Office REIT (ASX:CQO) (the 'REIT') today announced it has closed the sale of its third United States asset, Promenade II, Atlanta, as part of the sale of the entire United States portfolio to entities affiliated with Beacon Capital Partners, LLC (Beacon) announced on 3 August 2011.

The closing is in accordance with the sale contract. As Promenade II was secured as part of the five asset credit facility, the net proceeds will be reserved as collateral until the loan is restructured as part

of the transfer to Beacon. Upon restructure, the proceeds will be released and repatriated.

For further information please contact: Adrian Taylor

Chief Executive Officer Charter Hall Office REIT Tel: [phone]

[e-mail]

Jill Rikard-Bell

Chief Operating Officer Charter Hall Office REIT Tel: [phone]

[e-mail]

About Charter Hall Office REIT

Charter Hall Office REIT is a leading listed real estate investment trust with a portfolio of high grade office buildings predominantly located in major business districts across Australia and the United States (the US portfolio is under contract for sale). A customer focused approach to asset management drives the leasing and refurbishment initiatives with a view to maximising returns of the underlying assets.
Charter Hall Office REIT is managed by Charter Hall Group (ASX:CHC) is one of Australia's leading fully integrated property groups, with 20 years' experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has over $10 billion of funds under management across the office, retail, industrial and residential sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide, Perth, Warsaw and Chicago.
The Group's success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group. For further information on Charter Hall Group and Charter Hall Office REIT go to
www.charterhall.com.au

Closing of US sales subject to conditions precedent

The closing of the remaining US asset sales is subject to the satisfaction of conditions precedent. Because satisfaction of these conditions precedent is not in all respects within the control of Charter Hall Office Management Limited (CHOML), CHOML is not in a position to give, and does not give, any assurance as to the timing of closings and the number of properties that will close.