Charter Hall Office REIT : No.1 Martin Place Tenancy Update

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

NO.1 MARTIN PLACE TENANCY UPDATE

Thursday, 29 March 2012

Charter Hall Office REIT (ASX:CQO) (the 'REIT') today confirms that Macquarie Group (Macquarie)

has advised it will not exercise its option to remain in

No. 1 Martin Place, Sydney at the completion of

its existing leases. No. 1 Martin Place is owned in a 50:50 joint venture with the REIT and a single asset syndicate managed by Charter Hall Group (ASX:CHC), with both entities owning their 50% interest

since 2002.

Macquarie has

advised that it has

entered into an agreement to acquire and

refurbish a

heritage building in the Sydney CBD.

This decision does not impact revenue receivable by the owners under the current leases at No. 1

Martin Place that mature between December 2014 and December 2016 and it has no impact upon the privatisation proposal recently approved by CQO unitholders on 15 March 2012.

Charter Hall's portfolio management team see this as a unique opportunity to re-position and offer one of Australia's most recognised business addresses, No. 1 Martin Place, at a time in the office cycle that

is expected to have limited modern contiguous office space opportunities.

1

For further information please contact: Adrian Taylor

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

[e-mail]

Investor enquiries: Kylie Ramsden

Head of Listed Investor Relations

Charter Hall

Tel: [phone] [e-mail]

Jill Rikard-Bell

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

[e-mail]

Media enquiries: Rachel Mornington-West

Head of Marketing and Communications

Charter Hall

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 (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 Office Management Limited (ABN 75 006 765 206; AFSL 247 075), a member of the Charter Hall Group (ASX:CHC), 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.
Charter Hall'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