Macquarie Goodman Property Trust hereby advises the NZX of the allotment of the undermentioned securities and requests these securities be listed and quoted on NZX.

(a) Class of security and ISIN; Macquarie Goodman Property Trust Units, ISIN NZCPTE0001S9
(b) Number of Units issued; 4,527,547
(c) Issue price; $1.24
(d) Was payment received in cash; Yes, pursuant to Distribution Reinvestment Plan
(e) Amount paid up; Not applicable
(f) Percentage of the total class issued; 0.85% of the units on issue immediately prior to the issue of these new units.
(g) Reason for issue; Distribution reinvestment in respect of the distribution payable of 2.10 cents per unit payable on 22 September 2006.
(h) Specific authority for the issue; Distribution Reinvestment Plan booklet.
(i) Terms of the issue; The units will rank equally in all respects with the existing units in Macquarie Goodman Property Trust at the date on which they are issued.
(j) Total number of units in existence after the issue; 538,070,463
(k) Are units held as treasury stock; No
(l) Date of the issue; 22 September 2006.

The number of units participating in the distribution reinvestment scheme in respect of the distribution payable on 22 September 2006 was 289,313,121 which equates to 54.22% of the units on issue at the record date of 8 September 2006.

(a) Class of security and ISIN; Macquarie Goodman Property Trust Units, ISIN NZCPTE0001S9
(b) Number of Units issued; 3,775,688
(c) Issue price; $1.24
(d) Was payment received in cash; Yes, pursuant to the Underwriting Agreement for DRP.
(e) Amount paid up; Not applicable
(f) Percentage of the total class issued; 0.70% of the units on issue immediately prior to the issue of these new units.
(g) Reason for issue; Underwrite of distribution reinvestment in respect of the distribution payable of 2.1 cents per unit payable on 22 September 2006.
(h) Specific authority for the issue; Underwriting Agreement in respect of the DRP with UBS New Zealand Limited.
(i) Terms of the issue; The units will rank equally in all respects with the existing units in Macquarie Goodman Property Trust at the date on which they are issued.
(j) Total number of units in existence after the issue; 541,846,151
(k) Are units held as treasury stock; No
(l) Date of the issue; 22 September 2006.