Board Change Announced

Media Release

2 July 2012

Board Change Announced

Goodman (NZ) Limited (“GNZ”), the Manager of Goodman Property Trust has announced a change to its Board.

Non-Executive Director James Hodgkinson has resigned from the Board of GNZ to pursue other opportunities within the Goodman Group. The resignation is effective from 1 July 2012 and includes his directorship of GMT Bond Issuer Limited.

Chairman of GNZ, Keith Smith, said “Mr Hodgkinson has made a significant contribution to the success of GMT over the last 8 years and he leaves the role with the gratitude and best wishes of the Board and Management.”

John Dakin is to replace James Hodgkinson in the newly created role of Executive Director. The appointment is in addition to his responsibilities as Chief Executive Officer.

Keith Smith, said “Mr Dakin’s range of skills and detailed knowledge of the Trust’s operations will enhance the overall governance of GMT. His appointment is welcomed by the Board and is consistent with the structure adopted by many leading listed entities.”

The non-independent status of both James Hodgkinson and John Dakin means the composition of the Board is unchanged and a majority of Independent Directors is maintained.
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