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Unitholder Covering Letter

Thursday, 20 March 2014
Goodman (NZ) Limited, as manager of GMT, is pleased to advise Unitholders that the third quarter distribution, for the period ended 31 December 2013, has now been paid.

The distribution comprises 1.5625 cents per unit in cash and has an additional 0.19372 cents per unit of imputation credits attached. For eligible Unitholders who have elected to participate in the Distribution Reinvestment Plan, new units have been issued in lieu of a cash payment.

Portfolio Update

Enclosed with your distribution notice is the latest Portfolio Update brochure.

This brochure series provides Unitholders with an update on the operational activities of the Trust. I encourage you to read it to learn more about the pleasing development progress and strong leasing results that have been achieved over the last three months.

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