DEXUS — Major Shareholding Notification 2010

Nov 11, 2010

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		Form 604
Corporations Act 2001 Section 671B
		Notice of change of interests of substantial holder
To Company Name/Scheme		Dexus Property Group
ACN/ARSN	24 060 92 783
1. Details of substantial holder(1)
Name ACN/ARSN (If uppficable)		The Vanguard Group, Inc. N/A
There was a change in the interests of the substantial holder on	28/10/2010
The previous notice was given to the company on	25/07/2009
The previous notice was dated	25/07/2009
2. Previous and present voting power

The total number of votes sttached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now $\bullet$

Ch enne, are as tonows:
Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power
Ord Vanguard Investments Australia Ltd	211,255,535	4.494%	260.424 033	5.382%
Ord The Vanguard Group Inc.	24.117.034	0.513%	31.113.447	0.643%
Total	235.372.669	5.007%	291.637.480	6.025%

1. Changes in relevant interests

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

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
13/01/2010 -------	Vanguard Investments Australia Ltd	Trading	1.775.104.17	1.751.594	260.424.033
	The Vanguard Group Inc.	Trading	(23.194.60)	(14, 831)	31.113.447

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant Interest	Registered holder of securition	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's Votes
Vanguard Investments Australia Ltd	JP Morgan and various other Custodians	JP Momen and various other Custodians	Vanguard Investments Australia Ltd is the manager of various superannuation funds, institutional investor portfolios and unit trusts and in that capacity can exercise the power to vote or dispose of the shares.	260,424,033	260 424 033
The Vanguard Group Inc.	JP Morgan and various other Custodians	JP Morgan and various other Custodians	The Vanguard Group Inc., is the manager of various US mutual funds and in that capacity has the power to dispose of the shares	31 113 447	31.113.447

0220812

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as fo

Name and ACN/ARSN (If applicable)	----- Nature of association	___ --------------------------------------
_____ N/A .

6. Addresses

The addresses of persons named in this form are:

Name	Address
t Investments Australia Ltd vanguard	Level 34. , Freshwater Place, 2 Southbank Boulevard Southbank VIC 3006. --- ------
________ The Vanguard Group Inc.	________ 2600 V26 Valley Forge, PA 19482 USA Box Рł

Signature

sign her

b)

	.
int neme.	HEIDI STAM	capacity	Company Secretary
gn here		date	11/11/2010
	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 6 of the form.
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• (3) See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (6) Include details of:
• any relevent agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, $(a)$ a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement cartifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of $(b)$ the secunties to 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 Act 2001.

(7) 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 entitied 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 releva

(8) If the substantial holder is unable to determine the identity of the person (eq. if the relevant interest arises because of an option) write "unknown".

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