DEXUS — Director's Dealing 2016

Nov 10, 2016

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 Darren Joseph Steinberg

Date of last notice 9 August 2016

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 interestNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.Date of change	Indirect
	Grant of Performance Rights under the2016 Short Term Incentive (STI) RightsPlan and the 2016 Long Term Incentive(LTI) Rights Plan
	7 November 2016

• 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 the2015 STI Rights Plan giving the right to24,151 securitiesPerformanceRightsgrantedunderprevious LTI Rights Plans giving the rightto 503,335 securities1326,315 securities
Class	Ordinary
Number acquired	Performance Rights granted under the2016 STI Rights Plan giving the right to38,976 securitiesPerformance Rights granted under the2016 LTI Rights Plan giving the right to196,932 securities
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	No cash consideration2016 STI Rights Plan - $356,248 cashequivalent2016 LTI Rights Plan - $1,799,999 cashequivalent(using a VWAP of $9.1402 per security as at1July2016)
No. of securities held after change	Performance Rights granted under the2015 and 2016 STI Rights Plans giving theright to 63,127 securitiesPerformance Rights granted under the2016 and previous LTI Rights Plans givingthe right to 700,267 securities326,315 securities
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Granting of Performance Rights

1 Refer to the Remuneration Report included in DEXUS Property Group’s most recent Annual Report for the financial year ending 30 June 2016 for further information about previous grants to employees under the LTI Rights Plans at www.dexus.com

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contractsdetailed above traded during a+closed period**where prior written clearance was required? **	N/A
If so, was prior written clearance provided to allowthe trade to proceed during this period?	N/A
If prior written clearance was provided, on whatdate was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3