DEXUS — Director's Dealing 2018

Aug 16, 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	1 December 2017

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	14 August 2018
No. of securities held prior to change	Performance Rights granted under the2017 and previous STI Rights Plan givingthe right to 64,600 securitiesPerformance Rights granted under the2017 and previous LTI Rights Plans givingthe right to 700,133 securities454,836 securities

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Class	Ordinary	Ordinary
Number acquired		244,664 securities comprised of:97,977 securities (vesting of PerformanceRights granted under tranche #2 of the2014 LTI Rights Plan),101,689 securities (vesting of PerformanceRights granted under tranche #1 of the2015 LTI Rights Plan),19,488 securities (vesting of PerformanceRights granted under tranche #2 of the2016 STI Rights Plan),1,854 securities (being securities with avalue equal to the distributions paid on19,488 securities during the life of tranche#2 of the 2016 STI Rights Plan),22,556 securities (vesting of PerformanceRights granted under tranche #1 of the2017 STI Rights Plan),1,100 securities (being securities with avalue equal to the distributions paid on22,556 securities during the life of tranche#1 of the 2017 STI Rights Plan).
	Number acquired	244,664 securities comprised of:97,977 securities (vesting of PerformanceRights granted under tranche #2 of the2014 LTI Rights Plan),101,689 securities (vesting of PerformanceRights granted under tranche #1 of the2015 LTI Rights Plan),19,488 securities (vesting of PerformanceRights granted under tranche #2 of the2016 STI Rights Plan),1,854 securities (being securities with avalue equal to the distributions paid on19,488 securities during the life of tranche#2 of the 2016 STI Rights Plan),22,556 securities (vesting of PerformanceRights granted under tranche #1 of the2017 STI Rights Plan),1,100 securities (being securities with avalue equal to the distributions paid on22,556 securities during the life of tranche#1 of the 2017 STI Rights Plan).
	Number disposed	Nil
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	No cash consideration$2,390,367 cash equivalent (using theclosing price of $9.77 per security as at2 July 2018)
	No. of securities held after 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
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Vesting of Performance Rights undertranche #2 of the 2014 LTI Rights Plan,tranche #1 of the 2015 LTI Rights 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	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 whichinterest related prior to changeNote: 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 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.

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