DEXUS — Director's Dealing 2015

Jul 8, 2015

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	DEXUS Property Group comprising the stapled securities of
	DEXUS Diversified Trust (DDF)
	DEXUS Office Trust (DOT)
	DEXUS Industrial Trust (DIT)
	DEXUS Operations Trust (DXO)
ABN	60 575 572 573 (DDF)
	45 098 862 531 (DOT)
	27 957 640 288 (DIT)
	69 645 176 383 (DXO)

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Craig Douglas Mitchell
Date of last notice	5 November 2014

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Vesting of Performance Rights granted under the Transitional Plan and the Short Term Incentive (STI) Rights Plan
Date of change	1 July 2015

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Performance Rights granted under the Transitional Plan giving the right to 89,964 securities Performance Rights granted under the 2013 STI Rights Plan giving the right to 14,814 securities Performance Rights granted under the 2014 STI Rights Plan giving the right to 35,673 securities Performance Rights granted under the 2013 Long Term Incentive (LTI) Rights Plan giving the right to 59,253 securities Performance rights granted under the 2014 LTI Rights Plan giving the right to 85,503 securities 15,627 securities
Class	Ordinary
Number acquired	138,368 securities comprised of: 89,964 securities (vesting of Performance Rights granted under the 2012 Transitional Plan), 13,306 securities (being securities with a value equal to the distributions paid on 89,964 securities during the life of the 2012 Transitional Plan), 14,814 securities (vesting of Performance Rights granted under tranche #2 the 2013 STI Rights Plan), 1,502 securities (being securities with a value equal to the distributions paid on 14,814 securities during the life of tranche #2 of the 2013 Rights Plan), 17,837 securities (vesting of Performance Rights granted under tranche #1 of the 2014 STI Rights Plan), 945 securities (being securities with a value equal to the distributions paid on 17,837 securities during the life of tranche #1 of the 2014 STI Rights Plan)
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	No cash consideration $1,017,005 cash equivalent (using the closing price of $7.35 per security as at 1 July 2015)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Performance Rights granted under the 2014 STI Rights Plan giving the right to 17,836 securities Performance Rights granted under the 2013 LTI Rights Plan giving the right to 59,253 securities Performance rights granted under the 2014 LTI Rights Plan giving the right to 85,503 securities 153,995 securities
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Vesting of Performance Rights granted under the 2012 Transitional Plan, tranche #2 of the 2013 STI Rights Plan and tranche #1 of the 2014 STI Rights Plan.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts N/A detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow N/A the trade to proceed during this period? If prior written clearance was provided, on what N/A date was this provided?

• See chapter 19 for defined terms.

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