DEXUS — Transaction in Own Shares 2013

Jul 1, 2013

==> picture [596 x 103] intentionally omitted <==

----- Start of picture text ----- DEXUS Property Group (ASX: DXS)ASX release----- End of picture text -----

2 July 2013

Appendix 3C - On-market securities buy-back

DEXUS Property Group (DXS) today announced that it has initiated an on-market securities buy-back (‘buy-back’), as part of its active approach to capital management.

Should market conditions permit, DEXUS intends to undertake the buy-back of up to 5% of DXS securities on issue.

Craig Mitchell, DEXUS CFO said: “The buy-back has been reinstated as a result of recent market volatility and provides the flexibility to acquire DXS securities on-market, with a focus on enhancing value and returns to investors.”

Please refer to the attached Appendix 3C for further information relating to the buy-back.

For further information please contact:

Investor relations		Media relations
David Yates	T: +61 2 9017 1424	Louise Murray	T: +61 2 9017 1446
	M: 0418 861 047		M: 0403 260 754
	E: david.yates@dexus.com		E: louise.murray@dexus.com

About DEXUS

DEXUS Property Group (DEXUS) is one of Australia’s leading real estate groups, investing directly in high quality Australian office and industrial properties. With a total of $13.1 billion of assets under management, DEXUS also actively manages office, industrial and retail properties located in key Australian markets on behalf of third party capital partners. DEXUS manages an office portfolio of over 900,000 square metres across Sydney, Melbourne, Brisbane and Perth and is the largest institutional owner of office buildings in the Sydney CBD, Australia’s largest office market. DEXUS is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange under the stock market trading code ‘DXS’ and is supported by more than 18,000 investors from 15 countries. With over 25 years of experience in property investment, development and asset management, DEXUS has a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk-adjusted returns to investors. www.dexus.com

Download the DEXUS IR app to your preferred mobile device to gain instant access to the latest stock price, ASX Announcements, presentations, reports, webcasts and more.

==> picture [51 x 18] intentionally omitted <==

==> picture [50 x 18] intentionally omitted <==

DEXUS Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for DEXUS Property Group (ASX: DXS)

==> picture [596 x 105] intentionally omitted <==

Rule 3.8A

Appendix 3C

Announcement of buy-back ( except minimum holding buy-back)

Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/9/99. Origin: Appendix 7B. Amended 13/3/2000, 30/9/2001, 11/01/10

Name of entityDEXUS Property Group comprising the stapled securitiesof DEXUS Diversified Trust (DDF), DEXUS Office Trust(DOT), DEXUS Industrial Trust (DIT) and DEXUSOperations Trust(DXO)	ABN/ARSN
DEXUS Property Group comprising the stapled securitiesof DEXUS Diversified Trust (DDF), DEXUS Office Trust(DOT), DEXUS Industrial Trust (DIT) and DEXUSOperations Trust(DXO)	60 575 572 573 (DDF)45 098 862 531 (DOT)27 957 640 288 (DIT)69645176383 (DXO)

We (the entity) give ASX the following information.

Information about buy-back

	Information about buy-back	Information about buy-back
			On Market
	1	Type of buy-back	n aret
	2	+Class of shares/units which is
			DEXUS Property G	roup stapled securities
		the subject of the buy-back_(eg,_
		ordinary/preference)
	3Voting rights_(eg, one for one) 4Fully paid/partly paid(and if_partly paid, details of how muchhas been paid and how much isoutstanding)5Number of shares/units in the+class on issue6Whether shareholder/unitholderapproval is required for buy-back7Reason for buy-back		One for one
			Fully paid
			4,701,957,390
			Security holder approval is not required
			Capital management

• See chapter 19 for defined terms.

11/01/2010 Appendix 3C Page 1

8 Any other information material See ASX Release dated 2 July 2013 for further to a shareholder’s/unitholder’s information including information required decision whether to accept the under ASIC Class Order 07/422. offer (eg, details of any proposed takeover bid) The Group intends to use debt to fund the buy-back. Other than Stapled Securities held by directors of DEXUS Funds Management Limited (which holdings have previously been disclosed to ASX), DEXUS’s associates do not hold any DEXUS Property Group Stapled Securities

On-market buy-back

9	Name of broker who will act on	To be advised
	the company’s behalf
10	Deleted 30/9/2001.
11	If the company/trust intends to	DEXUS will undertake an on market buy-back of up
	buy back a maximum number of	to $245m (which will equate to approximately 5% of
	shares - that number	stapled securities on issue based on the current
	Note: This requires a figure to be included, not	trading price).
	a percentage.
12	If the company/trust intends to	DEXUS intends to complete the on market	buy-
	buy back shares/units within a	back within 12 months.
	period of time - that period of
	time;ifthecompany/trust
	intends that the buy-back be of
	unlimitedduration-that
	intention
13	If the company/trust intends to	There are no conditions.
	buybackshares/unitsif
	conditionsaremet-those
	conditions
Employee share scheme buy-back
14	Number of shares proposed to be	N/A
	bought back
15	Price to be offered for shares	N/A

	Selective buy-back	Selective buy-back	Selective buy-back	Selective buy-back	Selective buy-back
	16Name of person or description ofclass of person whose shares areproposed to be bought back					N/A
	17Number o		f shares propo		sed to be	N	/A
	bought ba		ck
	18Price to be offered for sharesEqual access scheme19Percentage of shares proposed tob bh bk					N/A
						N/A
	e oug20Total n	t acumber of shares		proposed
						N/
	to be baccepte	ought back if alld		offers are
	21Price to	be offered for s		hares
						N/		A
	22+RecordofferCross refer	date for particence: Appendix 7A, cla		ipation inuse 9.		N/		A
Complia1.The		nce statecompany is i		mentn compliance				with all	Corporations			Act req	uirements
relevor, for trusts		ant to this buy-only:		back.

Compliance statement

1. The company is in compliance with all Corporations Act requirements relevant to this buy-back.

or, for trusts only:

1. The trust is in compliance with all requirements of the Corporations Act as modified by Class Order 07/422, and of the trust’s constitution, relevant to this buy-back.

2. There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.

Sign here: Date: 2 July 2013

Director

Print name: Darren Steinberg

• See chapter 19 for defined terms.

11/01/2010 Appendix 3C Page 3