SCENTRE GROUP — Director's Dealing 2016

Dec 18, 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	Peter Kenneth Allen
Date of last notice	16 December 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise tothe relevant interest.	Indirect interests are held through (i) HSBC Custody Nominees(Australia) Limited as custodian for each of Peter Allen and thePechal Family Trust, (ii) Pechal Pty Limited as trustee of each ofthe Pechal Family Trust and the Allen Family Trust and (iii)Cheryl Allen
Date of change	15 December 2016
No. of securities held prior to change	1.718,263: HSBC Custody Nominees (Australia) Limited2.230,908:Pechal Pty Ltd 3.1,154,627: Pechal Pty Ltd 4.32,460:Cheryl AllenTotal: 2,136,258
Class	SCG
Number acquired	481,443: Pechal Pty Ltd
Number disposed	-
Value / ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	Nil

+ See chapter 19 for defined terms.

No. of securities held after change	1.718,263:HSBC Custody Nominees (Australia) Limited
	2.230,908:Pechal Pty Ltd
	3.1,636,070: Pechal Pty Ltd
	4.32,460:Cheryl Allen
	Total: 2,617,701
Nature of change	Vesting of performance rights under Scentre Group's executive
Example: on-market trade, off-market trade, exercise	incentive performance rights plan
of options, issue of securities under dividend
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 a contract in relationto which the interest has 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 abovetraded during a +closed period where prior written clearance wasrequired?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.