DEXUS — Director's Dealing 2019

Aug 8, 2019

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	14 February 2019

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 givingrise to the relevant interest.	Vesting of Performance Rights granted underthe Short-Term Incentive (STI) Rights Planand the Long-Term Incentive (LTI) RightsPlan.DJS Investment Holdings Pty Ltd<The SteinbergFamilyA/C>.
Date of change	5 August 2019

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of se	No. of se					ance Rights granted under theprevious STI Rights Plans giving	ance Rights granted under theprevious STI Rights Plans giving
	No. of se	curities held p	rior to change		Perform2018 an	ance Rights granted under theprevious STI Rights Plans giving
					the righPerform2018 andthe righ	t to 69,126 securitiesance Rights granted under theprevious LTI Rights Plans givingt to 738,447 securities
					500,000	securities
	Class				Ordinar	y
	Number	acquired			248,622securitiegrantedRights PPerformof the 2(vestingtranchesecuritieto the dduring tRights PPerformof the 2(being sdistributhe lifePlan).	securities comprised of: 101,690s (vesting of Performance Rightsunder tranche #2 of the 2015 LTIlan), 98,466 securities (vesting ofance Rights granted under tranche #1016 LTI Rights Plan), 22,556 securitiesof Performance Rights granted under#2 of the 2017 STI Rights Plan), 1,717s (being securities with a value equalistributions paid on 22,556 securitieshe life of tranche #2 of the 2017 STIlan), 23,285 securities (vesting ofance Rights granted under tranche #1018 STI Rights Plan), 908 securitiesecurities with a value equal to thetions paid on 23,285 securities duringof tranche #1 of the 2018 STI Rights
	Number	disposed			Nil
Value/CNote: Idetails a
	Value/CNote: Idetails a	onsiderationf consideratind estimated	on is non-cavaluation	sh, provide	No cash$3,256,9price of	consideration.48 cash equivalent (using the closingDXS securities as at 1 July 2019).

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Performance Rights granted under the2018 STI Rights Plans giving the right to 23,285securitiesPerformance Rights granted under the2018 and previous LTI Rights Plans givingthe right to 538,291 securities748,622securities
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation inbuy-back	Vesting of Performance Rights under tranche#2 of the 2015 LTI Rights Plan, tranche #1 of the2016 LTI Rights Plan, tranche #2 of the 2017 STIRights Plan and tranche #1 of the 2018 STIRights 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 whichinterest related prior to changeNote: Details are only required for acontract in relation to which theinterest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash,provide details and an estimatedvaluation	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

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	N/A
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011