market is about right, page-6

Financial Results FY2009
Goodman also announces a summary of its substantially audited financial results for the year
ended 30 June 2009. The results include;
+ Operating profit after tax of $408 million
+ Operating earnings per security of 17.4 cents
+ Distribution per security of 9.65 cents
+ Statutory accounting loss of $1,120 million – reflecting property and equity investment
revaluation losses of $1,395 million, derivative mark to market losses of $62 million and
other non-operating losses of $71 million
+ Headline gearing of 47.9% and NTA of $0.85 cents per security.

The structure of the Equity Offer enables all securityholders to participate in the Entitlement Offer
on a pro-rata basis to their existing holdings.
The application of the net proceeds of the Equity Offer, the CIC hybrid and CPPIB JV
transactions to the reduction of net debt will result in a substantial improvement in Goodman’s
capital structure. Goodman’s gearing will improve from 47.9% to 26.7% as at 30 June 2009 on a
pro forma basis.

The Group estimates FY2010 operating profit after tax (post minorities) of $310 million,
assuming no material change to market conditions. This would equate to an undiluted operating
earnings per security of 5.7 cents and distribution per security of 3.4 cents.