DEXUS — Capital/Financing Update 2011

Jun 28, 2011

29 June 2011

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DEXUS Property Group (ASX: DXS) sells Canadian property

DEXUS Pro p erty Group t oday announced the sale of its 70,100 square metre Toront o warehous e facility for C$78.7 m illion.

DEXUS Chief Executive O fficer, Vic t or Hoog An t ink comme n ted: “The s a le price ac h ieved represents excellent v a lue for DEXUS investors in a marke t environme n t which is s e eing dema n d push asset values to historical h i ghs. The C$78.7 million sale repres e nts a 13% premium to t h e Decemb e r 2010 book value of C$69.4 million, a 10% premium to t h e original c ost price of the propert y and a selli n g yield of 5 .9%.

The proper t y, leased t o Whirlpool, was our onl y Canadian i n vestment. D EXUS enjo y s a close an d long standing re l ationship with Whirlpo o l Corporati o n, who continue to leas e five of our major prop e rties representing 26% of ou r US portfoli o by value.”

Proceeds fr o m the sale will be use d to repay d e bt and are n ot expecte d to have a m aterial im p act on earnings.

For furthe r information contact:

Media Relations		Investor Relations
Emma Parry	T: (02) 9017 1133	Daniel Rubinstein	T: (02) 9017 1336
	M:0421 000 329		M: 0466 016 725
	E:emma.parry**@**dexus.com		E: daniel.rubinstein@dexus.com
Ben Leeson	T: (02) 9017 1343	DavidBrewin	T: (02) 9017 1256
	M:0403 260 754		M: 0411 162 457
	E:ben.leeson@dexus.com		E: david.brewin@dexus.com

About DEXUS

DEXUS is on e of Australia’ s leading pro p erty groups s pecialising in world-class o ffice, indust r ial and retail properties with total as s ets under m a nagement of $13.6bn. In A ustralia, DEXUS is a market leader in of f ice and indu s trial and, on behalf of third party clients, a leadi n g manager and developer of shopping c entres. DEXU S is committ e d to being a market leader in Corpor a te Responsi b ility and Sustainability. www.dexus.com

DEXUS Funds Management L td ABN 24 06 0 920 783, AFS L 238163, as R e sponsible Entity for DEXUS P roperty Grou p (ASX: DXS)

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