DEXUS — Major Shareholding Notification 2009

Jun 8, 2009

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9 June 2009

Company Announcements Platform Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

Notice of Ceasing to be a Substantial Holder

In accordance with section 671B of the Corporations Act 2001 (Cth), we attach a Notice of Ceasing to be a Substantial Holder (Form 605) in respect of Dexus Property Group.

A notice in substantially the same terms will also be lodged with the ASX on behalf of Westpac Banking Corporation (WBC).

Yours faithfully,

Chris Millard Company Secretary

PO Box 7072 Sydney NSW 2001 Australia

The Chifley Tower Level 15, 2 Chifley Square Sydney NSW 2000 Australia Tel 612 8253 2999

BT Investment Management Limited ABN 28 126 385 822

www.btim.com.au

BT[® ] is a registered trade mark of BT Financial Group Pty Ltd and is used under licence

Form 605

Corporations Law Section 671B Notice of ceasing to be a substantial holder

To Company Name/Scheme DEXUS PROPERTY GROUP

ACN/ARSN ABN 24 060 920 783

1. Details of substantial holder(1)

Name BT INVESTMENT MANAGEMENT LIMITED (BTT)

ACN/ARSN (if applicable) ABN 28 126 385 822 The holder ceased to be a substantial holder on 4/06/2009 The previous notice was given to the company on 08/05/2009 The previous notice was dated 6/05/2009

2. Changes in relevant interests

Particulars of each change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person’s votes affected
4/06/2009	WBC & its Associates Westpac Financial Services Group Limited (WFSG), BT Funds Management (NZ) Limited, Asgard Capital Management Limited, BT Funds Management No.2 Limited, BT Funds Management Limited, BT Investment Management No.3 Pty Limited, Advance Asset Management Limited, Westpac Financial Services Group Limited, BT Investment Management (RE)Limited	See Schedule	See Schedule	See Schedule	See Schedule

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to the voting interests of the company or scheme are as follows:

Name and ACN/ARSN (if applicable)

Nature of association

Page 1 of 12

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Westpac Banking Corporation (WBC)	Level 20, Westpac Place, 275 Kent St, Sydney NSW2000
Westpac Financial Services Group Limited (WFSGL)	Level 20, Westpac Place, 275 Kent St, Sydney NSW2000
BT Funds Management (NZ) Limited	Level 15 PwC Tower 188 Quay Street Auckland NZ
Asgard Capital Management Limited	Asgard Capital Management Limited Level38,152St.GeorgesTerracePerthWA6000
BT Funds Management No.2 Limited	Level 20, Westpac Place, 275 Kent Street, Sydney NSW2000
BT Funds Management Limited	Level 20, Westpac Place, 275 Kent Street, Sydney NSW2000
BT Investment Management No.3 Pty Limited	Level 20, Westpac Place, 275 Kent Street, Sydney NSW2000
Advance Asset Management Limited	Advance Asset Management Level5,182George Street, Sydney NSW2000
Westpac Financial Services Group Limited	Level 20, Westpac Place, 275 Kent Street, Sydney NSW2000
BT Investment Management (RE) Limited	Level 15, Chifley Tower, 2 Chifley Square, Sydney NSW2000
DEXUS PROPERTY GROUP	DEXUS Funds Management Ltd Level9, 343 George St Sydney, NSW 2000 Ph: (02) 9017 - 1100 Fax: (02)9017 -1132

Signature

print name sign here	Chris Millard capacity CompanySecretary
	date 9/6/2009

Page 2 of 12

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Law.

• (3) See the definition of “associate” in section 9 of the Corporations Law.

• (4) Include details of:

• (a) Any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) Any qualification of the power of a person to exercise, control the exercise of, the voting powers or disposal of the securities which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of “relevant agreement” in section 9 of the Corporations Law.

• (5) Details of the consideration must include any and all benefits, money and other that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Page 3 of 12

SCHEDULE 2

Sales & Purchases for the period : 7/05/2009 to 4/06/2009 SECURITY: DXS

BT Funds Management No.2 Limited

Date	Registered Company	Quantity	Value
7/05/2009	HSBC Custody Nominees (Australia) Limited.	-75,648	-51,819
14/05/2009	HSBC Custody Nominees (Australia) Limited.	6,708	4,494
14/05/2009	HSBC Custody Nominees (Australia) Limited.	36	24
14/05/2009	HSBC Custody Nominees (Australia) Limited.	49	33
14/05/2009	HSBC Custody Nominees (Australia) Limited.	105	70
14/05/2009	HSBC Custody Nominees (Australia) Limited.	50	34
14/05/2009	HSBC Custody Nominees (Australia) Limited.	91	61
14/05/2009	HSBC Custody Nominees (Australia) Limited.	59	40
14/05/2009	HSBC Custody Nominees (Australia) Limited.	38	25
14/05/2009	HSBC Custody Nominees (Australia) Limited.	50	34
14/05/2009	HSBC Custody Nominees (Australia) Limited.	82	55
14/05/2009	HSBC Custody Nominees (Australia) Limited.	69	46
14/05/2009	HSBC Custody Nominees (Australia) Limited.	171	115
14/05/2009	HSBC Custody Nominees (Australia) Limited.	90	60
14/05/2009	HSBC Custody Nominees (Australia) Limited.	4,060	2,720
14/05/2009	HSBC Custody Nominees (Australia) Limited.	69	46
14/05/2009	HSBC Custody Nominees (Australia) Limited.	142	95
14/05/2009	HSBC Custody Nominees (Australia) Limited.	70	47
14/05/2009	HSBC Custody Nominees (Australia) Limited.	10	7
14/05/2009	HSBC Custody Nominees (Australia) Limited.	14	9
19/05/2009	HSBC Custody Nominees (Australia) Limited.	1,261	870
19/05/2009	HSBC Custody Nominees (Australia) Limited.	552	381
19/05/2009	HSBC Custody Nominees (Australia) Limited.	196	135
19/05/2009	HSBC Custody Nominees (Australia) Limited.	130	90
19/05/2009	HSBC Custody Nominees (Australia) Limited.	176	121
19/05/2009	HSBC Custody Nominees (Australia) Limited.	200	138
19/05/2009	HSBC Custody Nominees (Australia) Limited.	40	28
19/05/2009	HSBC Custody Nominees (Australia) Limited.	129	89
19/05/2009	HSBC Custody Nominees (Australia) Limited.	166	115
19/05/2009	HSBC Custody Nominees (Australia) Limited.	98	68
19/05/2009	HSBC Custody Nominees (Australia) Limited.	124	86
19/05/2009	HSBC Custody Nominees (Australia) Limited.	178	123
19/05/2009	HSBC Custody Nominees (Australia) Limited.	128	88
19/05/2009	HSBC Custody Nominees (Australia) Limited.	128	88
19/05/2009	HSBC Custody Nominees (Australia) Limited.	203	140
19/05/2009	HSBC Custody Nominees (Australia) Limited.	289	199
19/05/2009	HSBC Custody Nominees (Australia) Limited.	190	131
19/05/2009	HSBC Custody Nominees (Australia) Limited.	295	204
19/05/2009	HSBC Custody Nominees (Australia) Limited.	220	152
21/05/2009	HSBC Custody Nominees (Australia) Limited.	2,822	1,947
3/06/2009	HSBC Custody Nominees (Australia) Limited.	-70,970	-52,113
	Total	-127,130	-90,724
Date	Registered Company	Quantity	Value
8/05/2009	RBC Dexia Investor Services Trust	439,000	734,918.87
13/05/2009	RBC Dexia Investor Services Trust	175,600	283,443.56
7/05/2009	RBC Dexia Investor Services Trust	3,832	5,554.56
8/05/2009	RBC Dexia Investor Services Trust	42,370	65,214.97
28/05/2009	RBC Dexia Investor Services Trust	6,000	8,400.00

Page 4 of 12

28/05/2009 RBC Dexia Investor Services Trust	28/05/2009 RBC Dexia Investor Services Trust	18,000	27,000.00
2/06/2009 RBC Dexia Investor Services Trust		3,101	0.00
8/05/2009 RBC Dexia Investor Services Trust		9,500	14,824.89
13/05/2009 RBC Dexia Investor Services Trust		19,000	29,925.79
14/05/2009 RBC Dexia Investor Services Trust		76,000	117,851.83
27/05/2009 RBC Dexia Investor Services Trust		19,000	27,467.08
28/05/2009 RBC Dexia Investor Services Trust		19,000	26,801.79
1/06/2009 RBC Dexia Investor Services Trust		6,133	0.00
2/06/2009 RBC Dexia Investor Services Trust		19,968	0.00
Total		856,504	1,341,403.34
BT Funds Management No.2 Limited Total :		729,374	1,250,679
BT Investment Management (RE) Limited
Date	Registered Company	Quantity	Value
7/05/2009	BNP Fund Services Australasia Pty Limited	-269,580	-184,662
3/06/2009	BNP Fund Services Australasia Pty Limited	-222,086	-168,785
3/06/2009	BNP Fund Services Australasia Pty Limited	-210,862	-154,836
	Total	-702,528	-508,283
Date	Registered Company	Quantity	Value
13/05/2009	Citicorp Nominees Pty Limited	59,195	40,253
15/05/2009	Citicorp Nominees Pty Limited	-103,015	-70,390
18/05/2009	Citicorp Nominees Pty Limited	-113,670	-76,568
19/05/2009	Citicorp Nominees Pty Limited	-62,738	-43,553
19/05/2009	Citicorp Nominees Pty Limited	-35,143	-24,393
20/05/2009	Citicorp Nominees Pty Limited	-25,826	-17,996
	Total	-281,197	-192,647
Date	Registered Company	Quantity	Value
7/05/2009	HSBC Custody Nominees (Australia) Limited.	-387,686	-265,565
7/05/2009	HSBC Custody Nominees (Australia) Limited.	-66,057	-45,249
7/05/2009	HSBC Custody Nominees (Australia) Limited.	-1,502,322	-1,029,091
7/05/2009	HSBC Custody Nominees (Australia) Limited.	-7,084	-4,853
7/05/2009	HSBC Custody Nominees (Australia) Limited.	-230,098	-157,617
13/05/2009	HSBC Custody Nominees (Australia) Limited.	514,215	349,666
13/05/2009	HSBC Custody Nominees (Australia) Limited.	24,318	16,536
13/05/2009	HSBC Custody Nominees (Australia) Limited.	201,187	136,807
14/05/2009	HSBC Custody Nominees (Australia) Limited.	-107,158	-70,756
14/05/2009	HSBC Custody Nominees (Australia) Limited.	-1,683,912	-1,111,887
14/05/2009	HSBC Custody Nominees (Australia) Limited.	-517,363	-344,046
14/05/2009	HSBC Custody Nominees (Australia) Limited.	-32,923	-21,894
15/05/2009	HSBC Custody Nominees (Australia) Limited.	48,625	33,551
15/05/2009	HSBC Custody Nominees (Australia) Limited.	534,880	369,067
15/05/2009	HSBC Custody Nominees (Australia) Limited.	-216,272	-147,779
15/05/2009	HSBC Custody Nominees (Australia) Limited.	-204,035	-139,417
15/05/2009	HSBC Custody Nominees (Australia) Limited.	-4,077,599	-2,786,223
18/05/2009	HSBC Custody Nominees (Australia) Limited.	-516,140	-347,672
18/05/2009	HSBC Custody Nominees (Australia) Limited.	-5,989	-4,034
18/05/2009	HSBC Custody Nominees (Australia) Limited.	-465,433	-313,516
19/05/2009	HSBC Custody Nominees (Australia) Limited.	370,415	257,142
19/05/2009	HSBC Custody Nominees (Australia) Limited.	-215,927	-149,897
19/05/2009	HSBC Custody Nominees (Australia) Limited.	-897,221	-622,851
19/05/2009	HSBC Custody Nominees (Australia) Limited.	-43,624	-30,284
19/05/2009	HSBC Custody Nominees (Australia) Limited.	-502,579	-348,840

Page 5 of 12

19/05/2009	HSBC Custody Nominees (Australia) Limited.	-24,436	-16,961
19/05/2009	HSBC Custody Nominees (Australia) Limited.	-120,951	-83,952
20/05/2009	HSBC Custody Nominees (Australia) Limited.	-75,879	-52,872
20/05/2009	HSBC Custody Nominees (Australia) Limited.	-159,722	-111,294
20/05/2009	HSBC Custody Nominees (Australia) Limited.	-5,545	-3,864
21/05/2009	HSBC Custody Nominees (Australia) Limited.	375,383	255,861
26/05/2009	HSBC Custody Nominees (Australia) Limited.	34,234	23,933
27/05/2009	HSBC Custody Nominees (Australia) Limited.	125,942	91,308
27/05/2009	HSBC Custody Nominees (Australia) Limited.	150,047	108,289
27/05/2009	HSBC Custody Nominees (Australia) Limited.	107,899	78,475
28/05/2009	HSBC Custody Nominees (Australia) Limited.	25,853	18,614
29/05/2009	HSBC Custody Nominees (Australia) Limited.	-80,331	-59,927
29/05/2009	HSBC Custody Nominees (Australia) Limited.	-80,331	-59,927
2/06/2009	HSBC Custody Nominees (Australia) Limited.	36,748	27,642
3/06/2009	HSBC Custody Nominees (Australia) Limited.	-852,859	-626,681
3/06/2009	HSBC Custody Nominees (Australia) Limited.	-1,494,005	-1,097,048
3/06/2009	HSBC Custody Nominees (Australia) Limited.	-1,107,614	-813,321
3/06/2009	HSBC Custody Nominees (Australia) Limited.	-345,872	-253,974
3/06/2009	HSBC Custody Nominees (Australia) Limited.	-111,891	-82,162
3/06/2009	HSBC Custody Nominees (Australia) Limited.	-6,824	-5,011
4/06/2009	HSBC Custody Nominees (Australia) Limited.	-82,038	-60,626
4/06/2009	HSBC Custody Nominees (Australia) Limited.	-1,856,298	-1,371,804
4/06/2009	HSBC Custody Nominees (Australia) Limited.	-163,343	-120,710
4/06/2009	HSBC Custody Nominees (Australia) Limited.	-338,647	-251,479
	Total	-16,036,262	-11,246,193
Date	Registered Company	Quantity	Value
15/05/2009	JP Morgan Chase Bank	116,567	80,431
15/05/2009	JP Morgan Chase Bank	1,282,236	884,743
19/05/2009	JP Morgan Chase Bank	813,961	565,052
21/05/2009	JP Morgan Chase Bank	856,923	584,079
27/05/2009	JP Morgan Chase Bank	337,406	243,506
28/05/2009	JP Morgan Chase Bank	59,355	42,736
3/06/2009	JP Morgan Chase Bank	-1,979,129	-1,454,264
4/06/2009	JP Morgan Chase Bank	-767,451	-569,909
	Total	719,868	376,374
Date	Registered Company	Quantity	Value
15/05/2009	National Australia Bank Limited	34,808	24,018
15/05/2009	National Australia Bank Limited	382,884	264,190
19/05/2009	National Australia Bank Limited	283,866	197,060
21/05/2009	National Australia Bank Limited	277,694	189,276
27/05/2009	National Australia Bank Limited	108,243	78,119
28/05/2009	National Australia Bank Limited	19,096	13,749
3/06/2009	National Australia Bank Limited	-632,747	-464,942
4/06/2009	National Australia Bank Limited	-249,993	-185,645
	Total	223,851	115,825
Date	Registered Company	Quantity	Value
7/05/2009	NCS (National Bank Custodian Services)	-191,623	-131,262
3/06/2009	NCS (National Bank Custodian Services)	-151,962	-111,586
	Total	-343,585	-242,848
	BT Investment Management (RE) Limited
	Total :	-16,419,853	-11,697,772
BT Investment Management No.3 Pty Limited

Page 6 of 12

Date	Registered Company	Quantity	Value
13/05/2009	HSBC Custody Nominees (Australia) Limited.	-7,257	-4,898
18/05/2009	HSBC Custody Nominees (Australia) Limited.	44,000	29,920
19/05/2009	HSBC Custody Nominees (Australia) Limited.	7,300	5,037
20/05/2009	HSBC Custody Nominees (Australia) Limited.	7,200	5,040
20/05/2009	HSBC Custody Nominees (Australia) Limited.	8,000	5,560
26/05/2009	HSBC Custody Nominees (Australia) Limited.	-22,615	-15,607
27/05/2009	HSBC Custody Nominees (Australia) Limited.	-1,440	0
1/06/2009	HSBC Custody Nominees (Australia) Limited.	-6,844	0
2/06/2009	HSBC Custody Nominees (Australia) Limited.	6,000	4,530
2/06/2009	HSBC Custody Nominees (Australia) Limited.	2,000	1,510
2/06/2009	HSBC Custody Nominees (Australia) Limited.	6,000	4,530
2/06/2009	HSBC Custody Nominees (Australia) Limited.	3,000	2,235
2/06/2009	HSBC Custody Nominees (Australia) Limited.	5,000	3,725
3/06/2009	HSBC Custody Nominees (Australia) Limited.	18,000	13,140
3/06/2009	HSBC Custody Nominees (Australia) Limited.	2,414	1,835
3/06/2009	HSBC Custody Nominees (Australia) Limited.	4,678	3,555
3/06/2009	HSBC Custody Nominees (Australia) Limited.	11,924	9,062
3/06/2009	HSBC Custody Nominees (Australia) Limited.	40,000	30,400
3/06/2009	HSBC Custody Nominees (Australia) Limited.	10,000	7,600
3/06/2009	HSBC Custody Nominees (Australia) Limited.	2,627	1,997
3/06/2009	HSBC Custody Nominees (Australia) Limited.	20,000	15,200
3/06/2009	HSBC Custody Nominees (Australia) Limited.	20,000	15,200
3/06/2009	HSBC Custody Nominees (Australia) Limited.	2,332	1,772
3/06/2009	HSBC Custody Nominees (Australia) Limited.	-12,125	-8,791
4/06/2009	HSBC Custody Nominees (Australia) Limited.	21,000	15,645
4/06/2009	HSBC Custody Nominees (Australia) Limited.	5,000	3,725
4/06/2009	HSBC Custody Nominees (Australia) Limited.	4,000	2,920
	Total	200,194	154,842
	BT Investment Management No.3 Pty
	Limited Total :	200,194	154,842
**Westpac Financial **	Services Group Limited
Date	Registered Company	Quantity	Value
7/05/2009	HSBC Custody Nominees (Australia) Limited.	-150,000	-102,750
13/05/2009	HSBC Custody Nominees (Australia) Limited.	201,085	136,738
14/05/2009	HSBC Custody Nominees (Australia) Limited.	-841,957	-555,944
14/05/2009	HSBC Custody Nominees (Australia) Limited.	-258,681	-172,023
15/05/2009	HSBC Custody Nominees (Australia) Limited.	-1,499,079	-1,024,321
18/05/2009	HSBC Custody Nominees (Australia) Limited.	-398,768	-268,610
19/05/2009	HSBC Custody Nominees (Australia) Limited.	-248,732	-172,670
19/05/2009	HSBC Custody Nominees (Australia) Limited.	-139,328	-96,708
20/05/2009	HSBC Custody Nominees (Australia) Limited.	-93,028	-64,822
4/06/2009	HSBC Custody Nominees (Australia) Limited.	-439,575	-324,846
	Total	-3,868,063	-2,645,956
	Westpac Financial Services Group Limited
	Total :	-3,868,063	-2,645,956
Advance Asset Management Limited
Date	Registered Company	Quantity	Value

Page 7 of 12

	18/05/2009 NCS Custodian Services	-150,000	-101,177.16
	Total	-150,000	-101,177.16
	Advance Asset Management Limited total	-150,000	-101,177.16
**Asgard **	Capital Management Limited
Date	Registered Company	Quantity	Value
	19/05/2009 Asgard Capital Management Limited	3,570	2,481.15
	20/05/2009 Asgard Capital Management Limited	6,002	4,201.40
	20/05/2009 Asgard Capital Management Limited	7,113	4,943.54
	25/05/2009 Asgard Capital Management Limited	5,000	3,300.00
	27/05/2009 Asgard Capital Management Limited	3,000	2,190.00
	4/06/2009 Asgard Capital Management Limited	20,000	14,800.00
	Total	44,685	31,916.09
	Asgard Capital Management Limited Total	44,685	31,916

Page 8 of 12

ANNEXURE A – ASSOCIATED COMPANIES

This is annexure ‘A’ (being 4 pages) referred to in Form 605, Notice of ceasing to be a substantial holder, lodged for Westpac and its associated entities

Anna Sandham – Company Secretary WBC– 01/01/2009

1925 (Commercial) Limited	Australia	St George Equity Finance Limited	Australia
1925 (Industrial) Pty Limited	Australia	St George Finance Holdings Limited	Australia
1925 (Insurance Premium Funding) Pty Limited	Australia	St George Finance Limited	Australia
1925 (Properties) Pty Limited	Australia	St George Financial Investments 1 Pty Limited	Australia
		St George Financial Investments New Zealand
1925 Advances Pty Limited	Australia	Limited	New Zealand
1925 House Limited	Australia	St George Financial Services Limited	Australia
A.C.N. 001 231 027 Pty Limited	Australia	St George Foundation Limited	Australia
A.F.G. Insurances Limited9	Australia	St George Group Holdings Pty Limited	Australia
	Papua New
A.G.C. (Pacific) Limited	Guinea	St George Insurance Australia Pty Limited	Australia
Acacia Securities Limited	Australia	St George Life Limited	Australia
Advance Asset Management Limited	Australia	St George Management Services Pty Limited	Australia
Advance Leasing Limited	Australia	St George Motor Finance Limited	Australia
	New
Agri Private Capital Management Limited	Zealand	St George New Zealand Limited	New Zealand
Altitude Administration Pty Limited	Australia	St George Procurement Management Pty Limited	Australia
Altitude Rewards Pty Limited	Australia	St George Security Holdings Pty Limited	Australia
Asgard Capital Management Limited (Asgard		St George Wealth Mangement Pty Limited (formerly
Subsidiary)	Australia	KPMG Financial Services Pty Limited)	Australia
Asgard Wealth Solutions Limited (Formerly Sealcorp
Holdings Limited)	Australia	St George WEL Limited	Australia
Assirt Software Pty Limited	Australia	Sydney Capital Corp Inc	USA
Athena Finance Pty Limited	Australia	Tasman Funding No.1 Limited	New Zealand
	New
Augusta (1962) Limited	Zealand	Tasman Funding No.2 Limited	New Zealand
Australian Employee Share Ownership Plan (No.4)
Limited	Australia	Tasman Pacific Investments Pty Limited	Australia
Australian Infrastructure Fund International 1 Pty
Limited	Australia	Tavarua Funding Trust III	USA
Australian Loan Processing Security Company Pty
Limited	Australia	Tavarua Funding Trust IV	USA
Australian Loan Processing Security Trust	Australia	TBNZ Capital Limited	New Zealand
Autodirect Pty Limited	Australia	TBNZ Developments Limited	New Zealand
Beech Trust	Australia	TBNZ Equity Limited	New Zealand
Belliston Pty Limited	Australia	TBNZ Investments (UK) Limited	UK
Bill Acceptance Corporation Limited	Australia	TBNZ Investments Limited	New Zealand
	New
BLE Capital (NZ) Limited	Zealand	TBNZ Limited	New Zealand
BLE Capital Investments Pty Limited	Australia	Teuton Pty Limited	Australia
BLE Capital Limited	Australia	The Exchange Plaza Trust	Australia
BLE Development Pty Limited	Australia	The Home Mortgage Company Limited	New Zealand
BLE Holdings Pty Limited	Australia	The Mortgage Company Pty Limited	Australia
Brenmar Holdings Pty Limited	Australia	The Swan Trust	Australia
BT (Queensland) Pty Limited	Australia	The Warehouse Financial Services Limited (51%)	New Zealand
BT Australia Corporate Services Pty Limited	Australia	TIF Energy Holdings Pty Limited	Australia
BT Australia Pty Limited	Australia	TIF Energy Pty Limited	Australia
BT Finance & Investments Pty Limited	Australia	TIF International 1 Pty Limited	Australia
BT Finance Pty Limited	Australia	Value Nominees Pty Limited
	New
BT Financial Group (NZ) Limited	Zealand	Victor Finance Pty Limited	Australia
BT Financial Group Pty Limited	Australia	Victor Funding Pty Limited	Australia
	New
BT Funds Management (NZ) Limited	Zealand	Votraint No. 1182 Pty Limited

Page 9 of 12

BT Funds Management Limited	Australia	Voyager Funds Management Pty Limited (50%)	Australia
BT Funds Management No.2 Limited	Australia	VS&L Insurance Agency Pty Limited	Australia
BT Investment Management No.2 Limited	Australia	VS&L Services Pty Limited	Australia
BT Investment Management No.3 Pty Limited	Australia	Waratah Receivables Corp (NZ) Limited	New Zealand
BT Life Limited	Australia	Waratah Receivables Corp Pty Limited	Australia
BT Nominees Pty Limited	Australia	Waratah Securities Australia Limited	Australia
BT Portfolio Services Limited	Australia	Westpac (NZ) Investments Limited	New Zealand
BT Securities Limited	Australia	Westpac Administration Pty Limited	Australia
Buchelin Pty Limited	Australia	Westpac Altitude Rewards Trust	Australia
Canberra Advance Property Limited	Australia	Westpac Americas Inc.	USA
Castlereagh Pacific Investments Pty Limited	Australia	Westpac Asian Lending Pty Limited	Australia
Castlereagh Trust	Australia	Westpac Asset Services Pty Limited	Australia
CBA Limited	Australia	Westpac Bank of Tonga	Tonga
Challenge Funds Management Limited	Australia	Westpac Bank Samoa Limited (93.5%)	Samoa
Challenge Information Technology Pty Limited	Australia	Westpac Banking Corporation	Australia
			Papua New
Challenge Limited	Australia	Westpac Bank-PNG-Limited (89.9%)	Guinea
Challenge Pty Limited	Australia	Westpac Capital Corporation	USA
Chifley Services Pty Limited	Australia	Westpac Capital Holdings Inc.	USA
Codrington S.a.r.l.	Luxembourg	Westpac Capital Trust III	USA
Colmso Pty Limited	Australia	Westpac Capital Trust IV	USA
Colmtea Pty Limited	Australia	Westpac Capital-NZ-Limited	New Zealand
Como Properties Pty Limited	Australia	Westpac Cook Cove Trust I	Australia
Comserv (No 3011) Pty Limited	Australia	Westpac Cook Cove Trust II	Australia
Crusade CP Management Pty Limited	Australia	Westpac Custodian Nominees Limited	Australia
Crusade Management limited	Australia	Westpac Debt Securities Pty Limited	Australia
Danaby Pty Limited	Australia	Westpac Delta LLC	USA
Diversified Security Investments (99.9%)	USA	Westpac Direct Equity Investments Pty Limited	Australia
Dragon Investment Services Limited	Australia	Westpac Equipment Finance (No.1) Pty Limited	Australia
Dysty Pty Limited	Australia	Westpac Equipment Finance Limited	Australia
Enfield Downs Pty Limited	Australia	Westpac Equity Holdings Pty Limited	Australia
FAI No. 2 Trust	Australia	Westpac Equity Pty Limited	Australia
Fairlawn Holding Trust	Australia	Westpac Europe Limited	UK
First Residential Property Trust	Australia	Westpac Finance (HK) Limited	Hong Kong
G.C.L. Investments Limited	Australia	Westpac Financial Consultants Limited	Australia
Gemini Trust	Australia	Westpac Financial Holdings Pty Limited	Australia
General Credit Holdings Pty Limited	Australia	Westpac Financial Services Group Limited	Australia
General Credits Limited	Australia	Westpac Financial Services Group-NZ-Limited	New Zealand
Halcyon Securities Limited	Australia	Westpac Financial Services Limited	Australia
Hargrave Investments Pty Limited	Australia	Westpac Funding Holdings Pty Limited	Australia
Hastings Advisers LLC	USA	Westpac Funds Financing HoldCo Pty Limited	Australia
	New
Hastings Forestry Investments Limited	Zealand	Westpac Funds Financing Pty Limited	Australia
		Westpac Funds Management Administration Pty
Hastings Forests Australia Pty Limited	Australia	Limited	Australia
Hastings Funds Management (UK) Limited	UK	Westpac Funds Management Limited	Australia
Hastings Funds Management (USA) Inc.	USA	Westpac General Insurance Limited	Australia
Hastings Funds Management Limited	Australia	Westpac General Insurance Services Limited	Australia
Hastings Private Equity Fund IIA Pty Limited	Australia	Westpac Group Investment-NZ-Limited	New Zealand
Hastings Private Equity Fund IIB Pty Limited	Australia	Westpac Group Investments Australia Pty Limited	Australia
Hickory Trust	Australia	Westpac Holdings-NZ-Limited	New Zealand
		Westpac Information Technology Services Pty
Hitton Pty Limited (Asgard subsidiary)	Australia	Limited	Australia
Infrastructure Australia (No.1) Limited	Australia	Westpac Institutional Holdings Pty Limited	Australia

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Infrastructure Australia (No.3) Limited	Australia	Westpac Investment Capital Corporation	USA
Infrastructure Australia (No.4) Limited	Australia	Westpac Investment Vehicle No.2 Pty Limited	Australia
Jacaranda Trust	Australia	Westpac Investment Vehicle Pty Limited	Australia
Magnitude Group Pty Limited	Australia	Westpac Investments U.K. Limited	UK
Minami Investments Pty Limited	Australia	Westpac Leasing Nominees Pty Limited	Australia
Mortgage Management Limited	Australia	Westpac Leasing Nominees-Vic.-Pty Limited	Australia
Nationwide Mangement Pty Limited	Australia	Westpac Leasing Pty Limited	Australia
Net Nominees Limited	Australia	Westpac Lenders Mortgage Insurance Limited	Australia
Oakjet Pty Limited	Australia	Westpac Life Insurance Services Limited	Australia
Oniston Pty Limited	Australia	Westpac Life-NZ-Limited	New Zealand
Orion Trust	Australia	Westpac Matching Gifts Limited	Australia
Pacific Structured Funding Limited	Australia	Westpac New Zealand Group Limited	New Zealand
Packaging Properties 1 Pty Limited	Australia	Westpac New Zealand Limited	New Zealand
Packaging Properties 2 Pty Limited	Australia	Westpac Nominees-NZ-Limited	New Zealand
Packaging Properties 3 Pty Limited	Australia	Westpac NZ Funding Limited	New Zealand
Pact Accountants Investment Group Pty Limited
(Asgard subsidiary)	Australia	Westpac NZ Operations Limited	New Zealand
Partnership Pacific Limited	Australia	Westpac Overseas Holdings No. 2 Pty Limited	Australia
Partnership Pacific Securities Limited	Australia	Westpac Overseas Holdings Pty Limited	Australia
Pashley Investments Pty Limited	Australia	Westpac Pacific Limited Partnership	Australia
PersonalDirect Limited	Australia	Westpac Private Equity Pty Limited	Australia
	New
PF No. 2	Zealand	Westpac Properties-NSW-Pty Limited	Australia
Phoenix Trust	Australia	Westpac Properties-Vic-Limited	Australia
Qvalent Pty Limited	Australia	Westpac Property Investments Pty Limited14	Australia
RAMS Financial Group Pty Limited	Australia	Westpac Real Estate Investment Trust I	Australia
Real Estate Investment Trust A	Australia	Westpac Real Estate Investment Trust II	Australia
Real Estate Investment Trust B	Australia	Westpac Residential Property Trust	Australia
RESI Statewide Corporation Pty Limited	Australia	Westpac Resources and Infrastructure Pty Limited	Australia
RESI-Statewide Mortgage Corporation Pty Limited	Australia	Westpac Securities Administration Limited	Australia
RMS Warehouse Trust 2007-1	Australia	Westpac Securities Limited	Australia
Sallmoor Pty Limited	Australia	Westpac Securities NZ Limited	New Zealand
Sarnia Pty Limited	Australia	Westpac Securitisation Holdings Pty Limited	Australia
Securitor Financial Group Limited (Asgard
subsidiary)	Australia	Westpac Securitisation Management Pty Limited	Australia
Segregated Asset Management LLC (subsidiary of
Diversified Security Investments LLC)	USA	Westpac Structured Management Pty Limited	Australia
Series 2002-1G WST Trust	Australia	Westpac Structured Products Limited	Australia
Series 2005-1G WST Trust	Australia	Westpac Superannuation Nominees-NZ-Limited	New Zealand
Series 2006-1D WST Trust	Australia	Westpac Syndications Management Pty Limited	Australia
Series 2007-1G WST Trust	Australia	Westpac TPS Trust	Australia
Series 2007-1M WST Trust	Australia	Westpac Training Services Pty Limited	Australia
Sixty Martin Place (Holdings) Pty Limited	Australia	Westpac Unit Trust	Australia
Southern Cross Inc.	USA	Westpac USA Inc.	USA
St George (Note Issuing Vehicle Only) Pty Limited	Australia	WFAL No.1 Loan Trust	Hong Kong
St George APL Pty Limited	Australia	Wollemi Trust	Australia
St George Business Finance Pty Limited	Australia	Wollemi Trust 2005 – 1	Australia
St George Commercial Credit Corporation Limited	Australia	WST Funding Trust New Zealand	New Zealand
St George Crusade Investment Pty Limited	Australia	WST Funding Trust New Zealand - NZ branch	New Zealand
St George Crusade Investment Pty Limited	Australia	WST Warehouse Trust #1	Australia
St George Custodial Pty Limited	Australia	WST-NZ Series WLIS#6 Trust	New Zealand
St George Dragon Investment Pty Limited	Australia	WST-NZ Warehouse Trust #1	New Zealand

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Note: Westpac retains 60% ownership of BT Investment Management Limited who lodges separate notices under ASX code ‘BTT’ BT Investment Mangement Limited (60%)

BT Investment Mangement (RE) Limited (Subsidiary of BT Investment Management Limited)

Australia Australia

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