CQO and CQR corporate governance and fee review finalised

24/11/2011 - PDF Version Available

Charter Hall Group (ASX:CHC) (the ‘Group') confirms its support for the governance changes announced today that are being implemented across its listed REITs, Charter Hall Office REIT (ASX:CQO) (CQO) and Charter Hall Retail REIT (ASX:CQR) (CQR), as part of the corporate governance and fee reviews that commenced on 18 July 2011 (announcements attached).

The corporate governance and fee reviews were undertaken by the independent directors of Charter Hall Office Management Limited (CHOML) and Charter Hall Retail Management Limited (CHRML), as responsible entities of CQO and CQR, with the support of Ernst & Young.

The implementation of these changes will not have a material impact on the earnings of the Group.

Charter Hall Group's Chairman, Kerry Roxburgh, said: 'Charter Hall is committed to ensuring the highest level of corporate governance standards across all our managed funds and welcome the changes being implemented as part of this review.  We believe the implementation of these changes ensures the REITs are at the forefront of best practice'.


For further information, please contact:

David Harrison
Joint Managing Director
Tel: +61 412 259 751
david.harrison@charterhall.com.au

David Southon
Joint Managing Director
Tel: +61 418 479 155
david.southon@charterhall.com.au

Investor enquiries:
Kylie Ramsden
Head of Listed Investor Relations
Tel: +61 2 8295 1016
kylie.ramsden@charterhall.com.au

Media enquiries:
Rachel Mornington-West
Senior Communications Manager
Tel: +61 28908 4093
rachelm@charterhall.com.au

This information has been prepared by Charter Hall Funds Management Limited ABN 31 082 991 786; AFSL 262861 ("CHFML") for information purposes only. This website is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein and the information has not taken into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should obtain financial, legal and/or taxation advice.

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