my revised nta calc arrives at 1.711, page-28

Ok we are getting somewhere.

Lets see what response I get.....





Hi Alicia

Thankyou for that clarification.

I refer to my email earlier this morning.



There was $361.7m due on 1/10/08 for Centro NP Residual Holdings. This was Super LLC debt.



As this does not make up the $1.1b that is now subject to further extensions can we assume that this $361.7 has been refinanced successfully as we have not heard otherwise?



What are the terms and conditions of the refinancing of this debt?



Why was this not announced to the market as this seems quite significant?



Many thanks for your prompt responses.



Regards,

Carlo




--------------------------------------------------------------------------------
From: Alicia Heath [mailto:[email protected]] On Behalf Of Investor Services
Sent: Monday, 22 December 2008 12:11 PM
To:
Subject: RE: Query


Hi xxxx,



My apologies, the information I provided you with (the US$1.3 billion Super LLC) was in relation to CNP. Please find below the answers to your queries:



1) CER stated that US$1.1b of facilities in relation to Super LLC and Centro Shopping America Trust (Galileo) will be converted. Not US$1.3b (this was in CNP's release). There is not another $200m in relation to CER's interests in Super LLC and Galileo.



2) CER's US$1.1b does include Galileo America LLC - Non super LLC,



3) As per above this is part of the one month extension in order to allow time for the completion of documentation. The term will be 31 Dec 2010.

If you have any further queries, please contact Investor Services on 1800 802 400 or email [email protected].

Kind regards,

Alicia on behalf of the Investor Services Team

| Centro Investor Services | Centro Properties Group |
| Toll Free: 1800 802 400 | Fax: +61 3 8847 1868 |
| www.centro.com.au | [email protected] |
| Corporate Offices, 3rd Floor | Centro The Glen |
| 235 Springvale Rd | Glen Waverley VIC 3150 |


--------------------------------------------------------------------------------

From:
Sent: Monday, 22 December 2008 12:05 PM
To: Investor Services
Subject: RE: Query



Hi Alicia



With reference to my email below, the announcement is attached.



In addition to my questions below, will an announcement be made to the market to correct this matter?



Kind regards,






--------------------------------------------------------------------------------

From:
Sent: Monday, 22 December 2008 11:26 AM
To: 'Investor Services'
Subject: RE: Query

Hi Alicia



Thankyou for your prompt response.



The announcement say facilities of $1.1b will be converted into term loans maturing on 31 December 2010.



I have the following 2 questions:



1) Is there an additional $200m that will be converted into term loan maturing on 31 December 2010?

You mention "Facilities of US$1.3 billion associated with Super LLC will be converted into term loans maturing on 31 December 2010 "



2) Does the $1.3b include the following debt:



$107.3 - Galileo America LLC - Non super LLC





$1.3b associated with SuperLLC would include the following debt:



$664.7 - Bank Bridge Loan - Super LLC

$21.8 - The centre at Preston Ridge - SuperLLC

$252.3 - Revolving credit facility - Super LLC

$361.7 - Super LLC



Total $1.3b



3) Has the $107.3 Galileo America LLC debt been refinanced and if so what are the terms and conditions of the refinance.



Kind regards,