DEXUS — Capital/Financing Update 2019

Nov 11, 2019

Dexus (ASX: DXS)

ASX release

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12 November 2019

Settlement of first tranche of 201 Elizabeth Street Sydney

Dexus announces that it has settled on the sale of its initial 25% interest in 201 Elizabeth Street, Sydney.

Details relating to the transaction were previously announced to the Australian Securities Exchange (ASX) on 9 August 2019.

Dexus has secured circa $34 million (pre-tax) of FY20 trading profits through the sale of this tranche.

As previously announced, Dexus has also entered into a put and call option to sell its remaining 25% interest in late 2020. The sale is expected to contribute a further circa $34 million in pre-tax trading profits in FY21 in the event either option is exercised.

For further information please contact:

Investor Relations Media Relations Rowena Causley Louise Murray +61 2 9017 1390 +61 2 9017 1446 +61 416 122 383 +61 403 260 754 rowena.causley@dexus.com louise.murray@dexus.com

About Dexus

Dexus is one of Australia’s leading real estate groups, proudly managing a high quality Australian property portfolio valued at $31.8 billion. We believe that the strength and quality of our relationships is central to our success, and are deeply committed to working with our customers to provide spaces that engage and inspire. We invest only in Australia, and directly own $15.5 billion of office and industrial properties. We manage a further $16.2 billion of office, retail, industrial and healthcare properties for third party clients. The group’s circa $8.7 billion development and concept pipeline provide the opportunity to grow both portfolios and enhance future returns. With 1.7 million square metres of office workspace across 53 properties, we are Australia’s preferred office partner. Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (trading code: DXS) and is supported by 26,000 investors from 20 countries. With 35 years of expertise in property investment, development and asset management, we have a proven track record in capital and risk management, providing service excellence to tenants and delivering superior riskadjusted returns for investors. www.dexus.com

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Dexus Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for Dexus (ASX: DXS)