18 November 2009
CER Equity Hedge Update
Centro Retail Trust (CER) announced today that it has closed out a portion of its equity
hedges with Centro Properties Group (Centro) as the recent significant appreciation of the
Australian dollar resulted in a mark-to-market value of the hedges being zero. The hedges
terminated in accordance with CER's agreements to reduce its counterparty risk and
interdependencies with Centro as announced on 16 January 2009.
As a result of these hedge close-outs, CER has reduced its net equity hedge exposure to
Centro by a further A$405 million. CER's remaining equity hedges with Centro now total
A$1.8 billion.
CER will advise the market should further hedge close outs occur.
About Centro Retail Trust (ASX: CER)
Centro Retail Trust (CER) is a pure property trust specialising in the ownership of shopping
centres. CER owns retail property investments in Australia and the US. For more
information, please visit the CER website at
centroretailtrust.com.au
.
For Further Information
Analysts:
Mario Papaleo
CER Fund Manager
+61 3 8847 0122
mario.papaleo@centro.com.au
Investors:
Centro Investor Services
In Australia:
1800 802 400
International:
+61 3 8847 1802
investor@centro.com.au
ASX/MEDIA RELEASE
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