ASX RELEASE


13 September 2012
ASX Market Announcements
20 Bridge Street
SYDNEY NSW 2000
Dear Sir / Madam

Sale of 9.69ha site at Kingston Industrial Estate

In accordance with listing rule 3.1, Watpac advises that late yesterday afternoon it completed the sale of its
9.69ha site at the Kingston Industrial Estate development to the Charter Hall Group managed fund, Direct
Industrial Fund 1. The total sales value achieved of $20.85 million was in line with book value, with $15 million received at settlement. The balance sales proceeds comprise fees for further development works, to be undertaken by Watpac, on part of the land. All amounts due under the sale agreement are expected to be received in the 2013 financial year.
The Watpac Group continues to hold a 2.35ha development site at the Kingston Industrial Estate which has been earmarked for sale in the near term.

Yours sincerely, WATPAC LIMITED
Mark Baker

COMPANY SECRETARY

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