Introduction

The GPT Group (GPT or the Group) comprises GPT Management Holdings Limited (ACN 113 510 188) (GPTMHL) and General Property Trust (Trust). GPT RE Limited (ACN 107 426 504) (GPTRE) AFSL (286511) is the Responsible Entity of the Trust. GPT’s stapled securities are listed on the Australian Securities Exchange (ASX).

The ASX Corporate Governance Council’s ‘Corporate Governance Principles and Recommendations’ (Principles) Second Edition August 2007, provide a framework for good corporate governance. This statement complies with the Principles as originally issued and as revised in August 2007 and reflects GPT’s corporate governance framework as at March 2010. A table summarising the Group’s compliance with the Principles is provided at the end of this statement.

GPT’s Approach to Corporate Governance

GPT regards good corporate governance as being of critical importance to all of GPT’s stakeholders and a fundamental component of GPT’s commitment to Securityholders. GPT’s Board strives to ensure that GPT meets high standards of governance across its operations. This is an ongoing commitment, requiring continual review, modification and enhancement from time to time.

GPT is also committed to operating in a sustainable manner taking into account the needs of all stakeholders and the impact on the environment and communities in which GPT operates.

Further details concerning this are set out in the Corporate Responsibility section of the Annual Report and GPT's Corporate Responsibility website.