DEXUS — Major Shareholding Notification 2016

May 16, 2016

FACSIMILE TRANSMITTAL SHEET

TO:	FROM:
ASX	Ivan Arias
	DATE:
Shareholder Disclosures	5/16/2016
FAX NUMBER:	TOTAL NO. OF PAGES INCLUDING COVER:
From Overseas -
+61 29347 0005 / +61 2 9778 0999
DEXUS PROPERTY GROUP
Attn: Investor Relations
FAX: +612 9017 1101
RE:
Dexus Property Group

On behalf of Newton Investment Management Limited, I am forwarding a Form 604 notification, Notice of change of interests of substantial shareholder, regarding holdings in Dexus Property Group.

We have completed this subsequent filing for Dexus Property Group as of 13 May 2016 at 5.07% due to a 1% change from the previous filing.

Please let me know if you have any questions.

Regards,

شب ک

Ivan Arias

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Dexus Property Group
ACN/ARSN	129 477 112
1. Details of substantial holder(1)
Name	The Bank of New York Mellon Corporation on behalf of Newton Investment Management Limited (See Annexure A)
ACMARSN (if applicable)
There was a change in the interests of the substantial holder on	13 May 2016
The previous notice was given to the company on $-15$ September 2015
	The previous notice was dated - As of date 14 September 2015
2. Previous and present voting power

The total number of votes attached 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 required, to give a substantial holding notice to the company or scheme, are as follows:

. Class of securities (4)	Previous notice		Present notice
----	Person's votes --- ---	Voting power (5)	Person's votes	Voting power (5)
REIT		3% 16.	'5.102 149,0	.07%

3. Changes in relevant interests

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

Date ofl changel	Ferson whose relevant interest changed	Nature dance б,	Consideration givenin relation to change (7)	Oass and runter of searities afeded	Person's votes affected
	Please refer to the attached Dexus Property Group Annexure for transactions since the previous notice.

4. Present rolovant interests

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

Folder of relevant interest	Rojster edholder σ securitie	Ruson entitled to be registeredas holder (5)	Ν а u	حصحات and nmber ď seanties.	Pason's votes
The Bank of New lYork Mellon Corporation on behalf behalf of Newton (See Annexure A)	The Bank of New York Mellon Corporation on of Newton Investment investment Management investment Management Limited Limited (See Annexure IA)	The Bank of New York Mellon Corporation on behalt of Newton Management Limited (See Annexure A)	Direct	REIT 49,075,102	5.07%

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 follows:

Name and AGN/ARSN (if applicable)	--------------------------------------- Nature of association	.
. ويروس والمراج .	--- mnexure వలం .
and the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contra		_

6. Addresses

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

Name	Address
Newton Investment Management	The Bank of New York Mellon Financial Centre.
Limited	[160 Queen Victoria Street, London EC4V 4LA England _________ A

Signature

print name	Ivan Arias		Compliance Officer
sign here		Date - 16 May 2016
			سالفساء

DIRECTIONS

If there are a runter of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an $(1)$ 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 dearly set out in paragraph 6 of the form

• See the definition of "associate" in section 9 of the Corporations Act 2001. Ø
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $\circ$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $\circ$
• $\circledcirc$ Indude details of:
• $\circ$ any relevant agreement or other dirounstances because of which the change in relevant interest cooured. If subsection 6718(4) applies, 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 on arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• $\phi$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or clisposal of the securities to which the relevant interest relates (indicating dearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• 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, becomie $\sigma$ entitled to receive in relation to that acquisition. Details must be included even if the benefit is contitional on the happening or not of a contingency. Details must be induded or 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.
• $(5)$ If the substantial holder is unable to determine the identity of the parson (eg. if the relevant interest arises because of an option) write "unknown".
• Gve details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $\boldsymbol{\Theta}$

Annexure A This is Annexure A referred to in Form 604 Notice of Change of Interests of Substantial Holder

Interests in Dexus Property Group ("DXS") held by Newton Investment Management Limited

ITTERS &		HEL HELLICK GOLF HE FEZZE LILLE LILLE
DXS	Dexus Property Group	49,075,102	5.07%	Newton Investment Management Limited
	Total	49.075.102	5.07%

The Bank of New York Mellon Corporation is comprised of a large number of operating and holding companies. Newton Investment Management Limited ("Newton") is a subsidiary of The Bank of New York Mellon Corporation [as ultimate parent] that has shareholdings in the issuer "Dexus Property Group". Any group companies between Newton and The Bank of New York Mellon Corporation have a relevant interest by virtue of the fact that they are related group companies, however, other than those listed herein, they have no actual shareholding in the issuer, nor do they participate in investment or voting decisions.

Print name Ivan Arias	Compliance Officer capacity
Sian here	date 16 May 2016

Dexus Property Group Annexure for Transaction Details and the contraction of the contraction of the contraction of the contraction of the contraction of the contraction of the contraction of the contraction of the contract AU00000DEXS1

estal

Date of Change	Person whose relevant interest changed	Nature of changes	Consideration given in relation to change	Class and number $\sigma$ , $\sigma$ , $\sigma$ securities affected I Common Stock	Person's Votes affected
15-Sep-2015	Newton Investment Management Limited	Sale	7.269	(1,403,014)	(1,403,014)
17-Sep-2015	Newton Investment Management Limited	Sale	7.369	(208, 209)	(208, 209)
18-Sep-2015	Newton Investment Management Limited	Purchase	7.280	2,716	2,716
22-Sep-2015	Newton Investment Management Limited	Sale	7.173	(40, 999)	(40, 999)
24-Sep-2015	Newton Investment Management Limited	Sale	7.248	(575,080)	(575,080)
28-Sep-2015	Newton Investment Management Limited	Sale	7.336	(661, 426)	(661, 426)
29-Sep-2015	Newton Investment Management Limited	Sale	7.108	(1,028,215)	(1,028,215)
30-Sep-2015	Newton Investment Management Limited	Sale	7.148	(1,610,040)	(1,610,040)
5-Oct-2015	Newton Investment Management Limited	Purchase	7.289	3,305	3,305
12-Oct-2015	Newton Investment Management Limited	Sale	7.234	(217, 875)	(217, 875)
12-Oct-2015	Newton Investment Management Limited	Purchase	7.238	3,012	3,012
15-Oct-2015	Newton Investment Management Limited	Sale	7.307	(3,531)	(3,531)
19-Oct-2015	Newton Investment Management Limited	Sale	7.442	(111, 916)	(111, 916)
20-Oct-2015	Newton Investment Management Limited	Purchase	7.481	43,152	43,152
21-Oct-2015	Newton Investment Management Limited	Purchase	7.517	1,370	1,370
27-Oct-2015	Newton Investment Management Limited	Sale	7.800	(175, 272)	(175, 272)
27-Oct-2015	Newton Investment Management Limited	Purchase	7.803	33,960	33,960
30-Oct-2015	Newton Investment Management Limited	Purchase	7.751	2,536	2,536
17-Nov-2015	Newton Investment Management Limited	Sale	7.406	(108, 851)	(108, 851)
30-Nov-2015	Newton Investment Management Limited	Purchase	7.702	14 4 4 1	14,441
1-Dec-2015	Newton Investment Management Limited	Purchase	7.860	25,340	25,340
2-Dec-2015	Newton Investment Management Limited	Sale	7.887	(4, 878)	(4,878)
7-Dec-2015	Newton Investment Management Limited	Purchase	7.747	11,307	11,307
16-Dec-2015	Newton Investment Management Limited	Purchase	7.723	209,576	209,576
21-Dec-2015	Newton Investment Management Limited	Purchase	7.617	2,798	2,798
22-Dec-2015	Newton Investment Management Limited	Purchase	7.585	173,430	173,430

22-Dec-2015	Newton Investment Management Limited	Sale	7.582	(415, 460)	(415, 460)
5-Jan-2016	Newton Investment Management Limited	Sale	7.395	(127, 702)	(127, 702)
7-Jan-2016	Newton Investment Management Limited	Sale	7.264	(49, 657)	(49, 657)
8-Jan-2016	Newton Investment Management Limited	Purchase	7.191	35,656	35,656
18-Jan-2016	Newton Investment Management Limited	Sale	7.072	(219, 093)	(219,093)
20-Jan-2016	Newton Investment Management Limited	Transfer Out	N/A	(374, 533)	(374, 533)
25-Jan-2016	Newton Investment Management Limited	Purchase	7.266	17,297	17,297
1-Feb-2016	Newton Investment Management Limited	Sale	7.426	(132, 391)	(132, 391)
4-Feb-2016	Newton Investment Management Limited	Purchase	7.442	72,858	72,858
4-Feb-2016	Newton Investment Management Limited	Sale	7.442	(831, 192)	(831, 192)
17-Feb-2016	Newton Investment Management Limited	Purchase	7.411	84,284	84,284
19-Feb-2016	Newton Investment Management Limited	Purchase	7.325	134,786	134,786
23-Feb-2016	Newton Investment Management Limited	Purchase	7.455	17,559	17,559
1-Mar-2016	Newton Investment Management Limited	Purchase	7.648	153,880	153,880
8-Mar-2016	Newton Investment Management Limited	Purchase	7.672	8,929	8.929
9-Mar-2016	Newton Investment Management Limited	Purchase	7.756	3,287	3,287
10-Mar-2016	Newton Investment Management Limited	Sale	7.884	(4, 302)	(4, 302)
15-Mar-2016	Newton Investment Management Limited	Safe	7.787	(5,602)	(5,602)
16-Mar-2016	Newton Investment Management Limited	Sale	7.838	(2, 541)	(2,541)
18-Mar-2016	Newton Investment Management Limited	Purchase	7.920	25,902	25,902
21-Mar-2016	Newton Investment Management Limited	Sale	7.969	(64, 569)	(64, 569)
23-Mar-2016	Newton Investment Management Limited	Sale	7.795	(77, 625)	(77, 625)
24-Mar-2016	Newton Investment Management Limited	Sale	7.914	(1,557)	(1, 557)
24-Mar-2016	Newton Investment Management Limited	Purchase	7.919	362,422	362,422
30-Mar-2016	Newton Investment Management Limited	Purchase	7.892	11,439	11,439
4-Apr-2016	Newton Investment Management Limited	Purchase	7.829	95,788	95,788
7-Apr-2016	Newton Investment Management Limited	Purchase	7.918	154,105	154,105
8-Apr-2016	Newton Investment Management Limited	Purchase	7.921	40,623	40,623
13-Apr-2016	Newton Investment Management Limited	Purchase	8.090	55,973	55,973
14-Apr-2016	Newton Investment Management Limited	Sale	8.180	(21, 855)	(21, 855)
21-Apr-2016	Newton Investment Management Limited	Purchase	8.174	45,816	45,816
27-Apr-2016	Newton Investment Management Limited	Purchase	8.336	9,317	9,317
29-Apr-2016	Newton Investment Management Limited	Sale	8.427	(20, 300)	(20, 300)
4-May-2016	Newton Investment Management Limited	Sale	8.649	(457, 759)	(457, 759)

5-May-2016	Newton Investment Management Limited	Sale	8.561	(297, 828)	(297, 828)
9-May-2016	Newton Investment Management Limited	Purchase	8.531	39,306	39.306
9-May-2016	Newton Investment Management Limited	Sale	8.550	(201, 902)	(201, 902)
10-May-2016	Newton Investment Management Limited	Sale	8.625	(1,550,189)	(1,550,189)
11-May-2016	Newton Investment Management Limited	Sale	3.616	(454.291)	(454, 291)
12-May-2016	Newton Investment Management Limited	Sale	8.550	(68, 869)	(68, 869)
13-May-2016	Newton Investment Management Limited	Sale	8.598	(796, 751)	(796, 751)

$\label{eq:2.1} \frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}$

$\label{eq:2.1} \mathcal{L}(\mathcal{L}^{\mathcal{L}}{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}{\mathcal{L}})) = \mathcal{L}(\mathcal{L}^{\mathcal{L}}{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}{\mathcal{L}})) = \mathcal{L}(\mathcal{L}^{\mathcal{L}}{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}{\mathcal{L}}))$

$\mathcal{L}(\mathcal{L})$ and $\mathcal{L}(\mathcal{L})$ are the set of the set of the set of the set of the set of the set of the set of the set of the set of the set of the set of the set of the set of the set of the set of the set of the set

$\label{eq:2.1} \frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}$

$\mathcal{L}(\mathcal{L}(\mathcal{L}))$ and $\mathcal{L}(\mathcal{L}(\mathcal{L}))$ and $\mathcal{L}(\mathcal{L}(\mathcal{L}))$ . The contribution of the contribution of $\mathcal{L}(\mathcal{L})$

$\label{eq:2.1} \frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\left(\frac{1}{\sqrt{2}}\right)^2\left(\frac{1}{\sqrt{2}}\right)^2\left(\frac{1}{\sqrt{2}}\right)^2\left(\frac{1}{\sqrt{2}}\right)^2\left(\frac{1}{\sqrt{2}}\right)^2.$

$\mathcal{L}(\mathcal{L})$ and $\mathcal{L}(\mathcal{L})$ and $\mathcal{L}(\mathcal{L})$ and $\mathcal{L}(\mathcal{L})$

$\sim 100$