DEXUS — Major Shareholding Notification 2009

Apr 19, 2009

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To Company Name/Scheme ARSN 112 705 852

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1. Details of substantial holder (1)

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) The holder became a 5 March 2008 substantial holder on

2. Details of 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 on the date the substantial holder became a substantial holder are as follows *:

Class of securities	Number of securities	Persons’ votes	Voting power
Preference Units (known as Real-estate perpetual exchangeable step-up securities or RENTS)	223,375	223,375	10.95%

• Please note the above table shows the voting power of the Goldman Sachs JBWere Group in the preference units in the Dexus RENTS Trust as at 16 April 2009

3. Details of relevant interests

The nature of the relevant interest the substantial holder had in the following voting securities on the date the substantial holder became a substantial holder are as follows *:

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Goldman Sachs JBWere Group excluding Goldman Sachs JBWere Managed Funds Limited (GSJBWMF) and Goldman Sachs JBWere Capital Markets Ltd (GSJBWCM)	By virtue of the operation of the Corporations Act, Goldman Sachs JBWere Group (other than GSJBWMF and GSJBWCM) has a relevant interest in theholdings detailed below.	223,375 preference units
GSJBWMF	GSJBWMF has a relevant interest in 164,059 preference units in its capacity as responsible entity for the Goldman Sachs JBWere range of managed funds. It has a further relevant interest in 59,316 preference units by virtue of the operation of the Corporations Act.	164,059 preference units 59,316 preference units

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GSJBWCM	GSJBWCM has beneficial ownership in 59,316 preference units. It has a further relevant interest in 164,059 preference units by virtue of the operation of the Corporations Act.	59,316 preference units 164,059 preference units

• Please note the above table shows the relevant interest of the Goldman Sachs JBWere Group in the preference units in the Dexus RENTS Trust as at 16 April 2009

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered **as holder **	Class and number of securities
GSJBWMF	RBC Dexia Investor Services Australia NomineesPtyLtd	GSJBWMF	164,059 preference units
GSJBWCM	WereSydPtyLtd	GSJBWCM	59,316 preference units

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows * :

Holder of Relevant Interest	Date of Change of Relevant Interest	Nature of Change	Number of preference units	**Total Consideration **
GSJBWCM	05-Mar-08	Purchase	59,316	5,368,098
GSJBWMF	05-Mar-08	Purchase	172,161	15,511,706
GSJBWMF	06-Mar-08	Purchase	1,242	111,594
GSJBWMF	07-Mar-08	Purchase	629	56,138
GSJBWMF	11-Mar-08	Purchase	1,000	82,000
GSJBWMF	12-Mar-08	Purchase	500	43,250
GSJBWMF	17-Mar-08	Purchase	1,000	84,320
GSJBWMF	14-Apr-08	Purchase	100	8,800
GSJBWMF	21-Apr-08	Purchase	320	28,320
GSJBWMF	22-Apr-08	Purchase	80	7,240
GSJBWMF	23-Apr-08	Sale	50	4,594
GSJBWMF	24-Apr-08	Purchase	4	372
GSJBWMF	11-Jun-08	Purchase	3,139	278,571
GSJBWMF	09-Jul-08	Purchase	200	16,361
GSJBWMF	24-Sep-08	Sale	1,100	95,200
GSJBWMF	30-Oct-08	Sale	200	14,000
GSJBWMF	03-Nov-08	Purchase	200	14,690
GSJBWMF	05-Nov-08	Sale	200	14,750
GSJBWMF	21-Nov-08	Sale	162	11,016
GSJBWMF	24-Nov-08	Sale	588	40,572
GSJBWMF	27-Nov-08	Purchase	500	30,800
GSJBWMF	05-Dec-08	Sale	350	22,435
GSJBWMF	14-Jan-09	Sale	300	18,000
GSJBWMF	21-Jan-09	Sale	200	11,605
GSJBWMF	29-Jan-09	Sale	400	23,840
GSJBWMF	02-Feb-09	Sale	100	5,995
GSJBWMF	05-Feb-09	Sale	116	6,931
GSJBWMF	12-Mar-09	Purchase	100	4,700
GSJBWMF	30-Mar-09	Sale	9,350	421,323
GSJBWMF	31-Mar-09	Sale	4,000	180,000

• Please note the above table shows each change in relevant interest for the above two holdings on and from the date Goldman Sachs JBWere Group became a substantial shareholder in the relevant preference units.

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6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN (if applicable) Nature of association

7. Addresses

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

7. 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 20 April 2009