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DEXUS Capital/Financing Update 2009

May 19, 2009

64807_rns_2009-05-19_a35cab4f-4224-4ea2-ad32-4971ef033c61.pdf

Capital/Financing Update

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20 May 2009

The Manager Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000

DEXUS Funds Management Limited ABN 24 060 920 783 AFSL: 238163 Level 9, 343 George Street Sydney NSW 2000 PO Box R1822 Royal Exchange NSW 1225 Telephone 02 9017 1100 Direct 03 8611 2930 Facsimile 03 8611 2910

Email: [email protected]

Dear Sir/Madam

DEXUS Property Group (ASX: DXS) close of Retail Entitlement Offer

DEXUS Funds Management Limited, as responsible entity for DEXUS Property Group (DXS), advises that the retail component of the Entitlement Offer, announced to the market on 21 April 2009, closed today at 5:00pm (AEST).

Final settlement of the Retail Entitlement Offer is expected to occur on 26 May 2009 with Final Allotment to be completed on 27 May 2009. Holding statements in relation to the Final Allotment will be despatched to participating securityholders on 28 May 2009.

For further information, please contact:

Investor Relations: Karol O’Reilly (03) 8611 2930 Media Relations: Emma Parry (02) 9017 1133

Yours sincerely

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John Easy Company Secretary