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GMT Covering Letter to Unitholders

Thursday, 17 December 2015

17 December  2015

[Unitholder  Name]
[Address  1]
[Address  2]
[Address  3]
[Address  4]

Dear Unitholder

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

Goodman (NZ) Limited, the manager of GMT, is  pleased to advise Unitholders that the second quarter distribution, for the  period ended 30 September 2015, has now been paid. The distribution includes a  cash component of 1.6625 cents per unit with 0.2898 cents per unit of  imputation credits attached.

Interim Report
I'd also like to remind you that the 2015  Interim Report of Goodman Property Trust and GMT Bond Issuer Limited is now  available and can be accessed by  following the link from our website at www.goodman.com/nz. 

The report summarises the  recent performance of both Goodman Property Trust and GMT Bond Issuer Limited and  contains the interim financial statements of both entities. 

I encourage you to read the report to learn more about the business you  invest in. 

Yours faithfully,

Keith Smith 
Chairman