Challenger Diversified Property Group : HY12 CDI Tax components for non-resident withholding tax purposes

Challenger Listed Investments Limited

ABN 94 055 293 644 AFSL 236887 as Responsible Entity for:

Challenger Diversified Property Trust 1 ARSN 121 484 606

ASX ANNOUNCEMENT Challenger Diversified Property Trust 1 (CDI1) Taxation Components for Non-Resident Withholding Tax Purposes Distribution Period: Half Year Ended 31 December 2011

Detailed below are the components of CDI1's distribution for the half year ended 31 December 2011 which have been prepared for the sole purpose of calculating the withholding tax deducted from the distributions paid to non-resident unitholders of CDI1.
The cash distribution of 2.05 cents per unit will be dispatched to unitholders on 29 February 2012.

Components of distribution subjected to withholding tax	Half Year Ended 31 December 2011	Half Year Ended 31 December 2011	Non-resident Withholding Tax Rate
	(cents per unit)	(%)	(%)
Australian sourced other income	1.5888	77.50%	7.5%/30%
Australian sourced interest	0.0514	2.51%	10%
Other income - not subjected to withholding tax	0.4098	19.99%	N/A
Total Distribution	2.0500	100.00%

For the purposes of Section 12-395 of Subdivision 12-H of the Taxation Administration Act 1953 (Cth) (the 'Act'), this distribution includes a 'fund payment' amount of 1.5888 cents per unit in respect of the half year ended 31 December 2011.
The non-resident withholding tax rate of either 7.5% or 30% has been applied to the fund payment based on the tax residence of the non-resident investor.
These components have only been provided for the purposes of Subdivision 12-H of the Act, and should not be used for any other purpose. Details of the full year components of CDI1's 2012 distributions will be provided in the annual tax statement which will be dispatched to unitholders in August 2012.