DEXUS — Major Shareholding Notification 2009

Jun 3, 2009

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To Company Name/Scheme DEXUS RENTS TRUST

ARSN

112 705 852

1. Details of substantial holder

Name Goldman Sachs JBWere Group Holdings Pty Ltd ACN 006 163 524, Goldman Sachs JBWere Pty Ltd ACN 006 797 897 and their subsidiaries (Goldman Sachs JBWere Group)

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on

The previous notice was given to the company on

The previous notice was dated

2 June 2009

20 April 2009 20 April 2009

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 had a relevant interest 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	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s votes	Voting Power	Person’s votes	Voting Power
Preference units (known asReal-estate perpetualexchangeable step-upsecurities or RENTS)	223,375	10.95%	200,525	9.83%

3. 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 or scheme are as follows:

Date of**Change **	Holder ofRelevantInterest	Nature of**Change **	Consideration(AUD)	Class and Number of Securitiesaffected	Person's votesaffected
23/04/2009	Goldman SachsJBWereManaged FundsLtd("GSJBWMF")	Sale	174,812	3,026preference units	3,026
27/04/2009	GSJBWMF	Sale	65,888	1,136preference units	1,136

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29/04/2009	GSJBWMF	Sale	99,000	1,650	preference units	1,650
30/04/2009	GSJBWMF	Sale	183,000	3,000	preference units	3,000
7/05/2009	GSJBWMF	Sale	55,500	888	preference units	888
8/05/2009	GSJBWMF	Sale	249,200	4,000	preference units	4,000
13/05/2009	GSJBWMF	Sale	51,200	800	preference units	800
18/05/2009	GSJBWMF	Sale	12,800	200	preference units	200
20/05/2009	GSJBWMF	Sale	29,475	450	preference units	450
25/05/2009	GSJBWMF	Sale	10,224	160	preference units	160
26/05/2009	GSJBWMF	Sale	15,336	240	preference units	240
27/05/2009	GSJBWMF	Sale	32,100	500	preference units	500
27/05/2009	GSJBWMF	Sale	31,541	489	preference units	489
28/05/2009	GSJBWMF	Sale	38,520	600	preference units	600
29/05/2009	GSJBWMF	Sale	113,120	1,762	preference units	1,762
1/06/2009	GSJBWMF	Sale	58,310	906	preference units	906
2/06/2009	GSJBWMF	Sale	195,969	3,043	preference units	3,043

4. Present relevant interests

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

Holder of	Registered	Person	Nature of	Class and	Number of securities	Persons
Relevant	holder of	entitled to	relevant interest			votes
interest	securities	be
		registered
		as holder
			By virtue of the
			operation of the
			Corporations Act,
Goldman Sachs			Goldman Sachs
JBWere Group			JBWere Group,
excluding			excluding
GSJBWMF and			GSJBWMF and
Goldman Sachs			GSJBWCM have a
JBWere Capital			relevant interest in
Markets Ltd			the holdings
(GSJBWCM).	See below	N/A	detailed below.	200,525	Preference units	200,525
			GSJBWMF has a
			relevant interest in
			141,209
			preference units in
			its capacity as	141,209	Preference units	141,209
			responsible entity
			for the Goldman
			Sachs JBWere
			range of managed
			funds.
			It has a further
	RBC Dexia		relevant interest in	59,316	Preference units	59,316
	Investor		59,316 preference
	Services		units by virtue of
	Australia		the operation of
	Nominees		the Corporations
GSJBWMF	PtyLtd	GSJBWMF	Act.

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GSJBWCM	WereSyd PtyLtd	GSJBWCM	GSJBWCM hasbeneficialownership in59,316 preferenceunits.It has a furtherrelevant interest in141,209preference unitsby virtue of theoperation of theCorporationsAct.	59,316141,209Preference unitsPreference units	59,316141,209

5. Changes in association

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

Name and ACN (if applicable) Nature of association

6. Addresses

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

Name	Address
Goldman Sachs JBWere Group	All care of Level 17, 101 Collins Street, Melbourne Victoria 3000
RBCDexiaInvestorServicesAustraliaNomineesPtyLtd	2 ParkStreet,Level 17, Sydney,NSW,Australia2000

Signature

Print name Barry Whitehead Capacity Company Secretary Sign here Date 4 June 2009