STOCKLAND — Board/Management Information 2002

Nov 6, 2002

Stockland Trust Group 157 Liverpool Street, Sydney NSW 2000 Tel No. (02) 9321 1500 Fax No. (02) 9321 1599 www.stockfand.com.au

7 November 2002

Stockland announces the appointment of lan Fox as General Manager - Commercial

Ian Fox has been appointed as General Manager - Commercial at Stockland and will be responsible for overseeing the management, leasing and development of 26 commercial properties across Australia with a value of over $1 billion.

lan has over 25 years experience in the property industry, most recently working for Abacus Funds Management and Westpac Property Finance.

Ian will report to Steve Mann - CEO Commercial & Industrial property.

For further information, please contact:

Steve Mann CEO - Commercial & Industrial Stockland

02 9321 1576 Tel-

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Stockland Corporation Limited ACN 000 181 733

Stockland Property Management Limited ACN 001 900 741 As Responsible Entity for Stockland Trust ARSN 092 897 348