Charter Hall Office REIT : Completion of sale of three US assets

ASX/MEDIA ANNOUNCEMENT COMPLETION OF SALE OF THREE US ASSETS

Friday, 13 January 2012

Charter Hall Office Management Limited

ABN 75 006 765 206

AFS Licence No. 247075 as responsible entity of Charter Hall Office REIT

Charter Hall Office REIT (ASX:CQO) (the 'REIT') today announced it has closed the sale of Pasadena Towers, Pasadena, 745 Atlantic Avenue, Boston and Chase Tower, Indianapolis as part of the sale of the entire United States portfolio to entities affiliated with Beacon Capital Partners, LLC (Beacon) announced on 3 August 2011. The closings are in accordance with the sale contract.

Pasadena Towers and 745 Atlantic Avenue were secured as part of the five asset credit facility and following these closings the five asset loan has been restructured into a single asset loan secured against One & Three Christina Center, Wilmington, which is yet to settle. Proceeds from December's closing of Promenade II, Atlanta and SunTrust Financial Centre Tampa along with Pasadena Towers and 745 Atlantic Avenue, will be released and repatriated to Australia in the near term, along with the

net proceeds from the Chase Tower sale.

For further information please contact: Adrian Taylor

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

[e-mail]

Jill Rikard-Bell

Chief Operating Officer Charter Hall Office REIT 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 (the US portfolio is 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 Group (ASX:CHC) is 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.
The Group'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

Closing of US sales subject to conditions precedent

The closing of the remaining US asset sales is subject to the satisfaction of conditions precedent. Because satisfaction of these conditions precedent is not in all respects within the control of Charter Hall Office Management Limited (CHOML), CHOML is not in a position to give, and does not give, any assurance as to the timing of closings and the number of properties that will close.