DEXUS — Director's Dealing 2018

Nov 5, 2018

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 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 17 August 2018

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
	Performance Rights granted under the2018 Short Term Incentive (STI) RightsPlan and the 2018 Long Term Incentive(LTI) Rights Plan.
	31 October 2018

• 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 the2017 STI Rights Plan giving the right to22,556 securitiesPerformance Rights granted under the2017 and previous LTI Rights Plans givingthe right to 495,473 securities699,500 securities
Class	Ordinary
Number acquired	289,544 Performance Rights comprised of:46,570 Rights granted under the 2018 STIRights Plan and 242,974 Rights grantedunder the 2018 LTI Rights Plan.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	No cash consideration$2,859,997 cash equivalent (using thevolumeweightedaveragepriceofSecurities ten trading days eitherside of 1July2018 of $9.87759)
No. of securities held after change	Performance Rights granted under the2018 and previous STI Rights Plans givingthe right to 69,126 securitiesPerformance Rights granted under the2018 and previous LTI Rights Plans givingthe right to 738,447 securities699,500securities
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Grant of Performance Rights under the2018 STI Rights Plan and the 2018 LTIRights Plan.

• 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	Detail of contract	Detail of contract	N/A	N/A	N/A	N/A
	Nature of interes			N/A
	Name of registere	d holder		N/A
	(if issued securiti	es)
	Date of change			N/A
	No and class of s	ecurities to which		N/A
	.interest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
	Interest acquired			N/A
	Interest disposed			N/A
	Value/ConsiderationNote: If consideration is non-cas		h, provide details	N/A
	and an estimated valuation
	Interest after change			N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	N/A
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3