History

Centro was incorporated as Jennings Properties Limited on 18 February 1985, and following a prospectus issued in August of the same year, shares were issued on the Australian Stock Exchange. In 1991 the Company was renamed Centro Properties Limited, and in September 1997, the Company was restructured to a stapled security structure named Centro Properties Group.

Centro is a “stapled security” comprising one unit in Centro Property Trust (“CPT”) stapled to one share in Centro Properties Limited (“CPL”). CPT is the ultimate owner of Centro’s interests in the properties and CPL, along with its subsidiaries, provides management services to CPT. The CPT units and CPL shares cannot be traded separately.

Date	Title

May 2007	Centro announces acquisition of Galileo Funds Management and 100% of Centro Watt Joint Venture

Feb 2007	Centro Retail and Centro announce agreement to acquire US$5.0 billion New Plan Excel Realty Trust, a listed US REIT

Jul 2006	Announcement of agreed acquisition of $4.3 billion Heritage Property Investment Trust , a listed US REIT

May 2006	Acquisition of seven US assets to form part of a new $1b international syndicate (Centro MCS 38 - International No. 5)

Aug 2005	Spin-off to Centro investors of Centro Retail Trust (CER)

Aug 2005	Launch of Centro MCS 36 - International No. 4 and Centro Direct Property Fund International

Dec 2004	Acquisition of $1.6 billion Kramont Realty Trust, a listed US REIT

Oct 2004	Merger of Prime Retail Group and Centro Properties Group

Nov 2003	Launch of Centro MCS 32 – Centro’s first international syndicate

Aug 2003	International asset acquisition of 14 assets located in California, US and establishment of Centro Watt Joint Venture

Jul 2003	Acquisition of MCS syndication business

Jul 2001	Acquisition of CT Retail Investment Trust

Sep 1999	Acquisition of management rights for Prime Retail Property Trust (PRX)

Sep 1997	Company restructured to a stapled security (CEP)

1991	Renamed Centro Properties Limited

1985	Jennings Properties Limited incorporated