DEXUS — Capital/Financing Update 2009

May 5, 2009

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6 May 2009 The Manager Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000

DEXUS Funds Management Limited ABN 24 060 920 783 AFSL: 238163 Level 9, 343 George Street Sydney NSW 2000 PO Box R1822 Royal Exchange NSW 1225 Telephone 02 9017 1100 Direct 03 8611 2930 Facsimile 03 8611 2910

Dear Sir/Madam

Email: karol.oreilly@dexus.com

– DEXUS Property Group (ASX: DXS) Completion of Equity Raising initial allotment

DEXUS Funds Management Limited, as responsible entity for DEXUS Property Group, refers to the Appendix 3B provided to the ASX on 23 April 2009.

We wish to confirm that we have today allotted 1,025,143,489 New Securities issued under the Institutional Placement, Institutional Entitlement Offer and the Retail Entitlement Offer for which valid applications for entitlements have been received by the Initial Retail Acceptance Due Date.

Trading of these securities commenced today and holding statements arising from this allotment will also be despatched today.

To the extent that valid applications received by the Initial Retail Acceptance Due Date under the Retail Entitlement Offer related to additional New Securities in excess of Entitlements, those portions of the applications have been held over until the Final Allotment Date.

For further information, please contact:

Investor Relations:	Karol O’Reilly	(03) 8611 2930
Media Relations:	Emma Parry	(02) 9017 1133

Yours sincerely

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John Easy Company Secretary