SCENTRE GROUP — Director's Dealing 2016

May 16, 2016

Rule 3.19A.2

Appendix 3Y Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Scentre Group
ABN	Scentre Group Limited ABN 66 001 671 496
	Scentre Group Trust 1 ARSN 090 849 746
	Scentre Group Trust 2 ARSN 146 934 536
	Scentre Group Trust 3 ARSN 146 934 652

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Brian Martin Schwartz
Date of last notice	19 May 2015

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	IndirectinterestheldthroughGooindaPtyLimited
Date of changeNo. of securities held prior to change	16 May 201648,781
Class	SCG
Number acquired	20,000
Number disposed	-
Value / ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	10,000 securities at $4.64 per security5,000 securities at $4.65 per security5,000 securities at $4.63 per security
No. of securities held after change	68,781

+ See chapter 19 for defined terms.

Nature of change	On-market trade
Example: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy
back

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for acontract in relation to which the interesthas changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value / ConsiderationNote: If consideration is non-cash,provide details and an estimatedvaluation	N/A
Interest after change	N/A

Part 3 – + Closed period

Were the interests in the securities or contracts detailed above tradedduring a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceedduring this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

+ See chapter 19 for defined terms.