Overview

Centro manages two direct property funds:

Centro Direct Property Fund (DPF); and
Centro Direct Property Fund International (DPFI).

INVESTOR UPDATES
1 Sep 2008 - The DPF has today announced a special distribution of 1.00 cent per unit to be paid on 10 September 2008. Please click this link to view the announcement.

30 Jul 2008 - The DPF and DPFI have confirmed the June 2008 quarter distribution rates and payment dates. Please click this link to view the announcement.

Investors in the DPF and DPFI should note that the daily unit price, with effect from 31 July 2008, has moved to an ex-distribution basis reflecting the June quarter distributions.

16 Jul 2008 - DPFI has today issued a statement in response to the CAF asset sale announcement. Please click this link to view this release.

20 Jun 2008 - The Responsible Entity of the DPF/DPFI has today issued an Investor Update for DPF/DPFI investors. Please click this link to view the update.

02 May 2008 - The DPF and DPFI have confirmed the March 2008 quarter distribution rates and payment dates. Please click this link to view the announcement.

24 Apr 2008 - The Responsible Entity of the DPF/DPFI has today issued an Investor Report for DPF/DPFI investors. The Report provides an update on the current status of the Funds. Please click this link to view the report.

01 Feb 2008 - The DPF and DPFI have confirmed the December 2007 quarter distribution rates and payment dates. Please click this link to view the investor letter.

28 Dec 2007 - DPF and DPFI confirm Distribution and Unit Prices. Please click this link to view the media release.

17 Dec 2007 - As of today the DPF and DPFI have been suspended. Please click this link to view the media release.

Direct Property Fund

The DPF is an open ended unlisted property trust investing primarily in Centro MCS Australian property syndicates.

The objective of the DPF is to provide investors with attractive tax advantaged income and capital returns from the direct property market, primarily through exposure to shopping centres in Australia.

Since inception in June 2002, the DPF has delivered:

An annual total return of -9.6% for the year ended 30 June 2008; and
Average total returns of 11.4% p.a. since inception.

Direct Property Fund International

The DPFI is an open ended unlisted trust investing primarily in Centro's international managed funds.

Launched in September 2005, the objective of the DPFI is to provide investors with attractive tax advantaged returns, primary through exposures to shopping centres located in the United States.

An annual total return of -18.8% for the year ended 30 June 2008; and

Average total returns of 0.2% p.a. since inception.