DEXUS — Director's Dealing 2016

Aug 8, 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 30 October 2015

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 relevantinterest.	Vesting of Performance Rights grantedunder the Short Term Incentive (STI)Rights Plan and the Long Term Incentive(LTI) Rights Plan
Date of change	4 August 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 the2014 STI Rights Plan giving the right to32,179 securitiesPerformance Rights granted under the2015 STI Rights Plan given the right to48,302 securitiesPerformance Rights granted under the2013 LTI Rights Plan giving the right to188,029 securitiesPerformance Rights granted under the2014 LTI Rights Plan giving the right to205,943 securitiesPerformance rights granted under the2015 LTI Rights Plan giving the right to203,379 securities195,164securities
Class	Ordinary
Number acquired	131,151 securities comprised of: 70,511securities (vesting of Performance Rightsgranted under the 2013 LTI Rights Plan,noting the forfeiture of 23,504Performance Rights under the terms ofthe Plan), 32,179 securities (vesting ofPerformance Rights granted undertranche #2 of the 2014 STI Rights Plan),3,109 securities (being securities with avalue equal to the distributions paid on32,179 securities during the life of tranche#2 of the 2014 STI Rights Plan), 24,151securities (vesting of Performance Rightsgranted under tranche #1 of the 2015 STIRights Plan), 1,201 securities (beingsecurities with a value equal to thedistributions paid on 24,151 securitiesduring the life of tranche #1 of the 2015STI Rights Plan).
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	No cash consideration$1,211,835 cash equivalent (using theclosing price of $9.24 per security as at 1July 2016)

• 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 the2015 STI Rights Plan given the right to24,151 securitiesPerformance Rights granted under the2013 LTI Rights Plan giving the right to94,015 securitiesPerformance Rights granted under the2014 LTI Rights Plan giving the right to205,943 securitiesPerformance rights granted under the2015 LTI Rights Plan giving the right to203,379 securities326,315 securities
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Vesting of Performance Rights under the2013 LTI Rights Plan, tranche #2 of the2014 STI Rights Plan and tranche #1 of the2015 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 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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

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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