STOCKLAND — Capital/Financing Update 2011

Jun 7, 2011

133 Castlereagh Street T 02 9035 2552 Sydney NSW 2000 F 02 8988 2552

www.stockland.com.au

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8 June 2011 ASX/Media release

STOCKLAND ANNOUNCES NEGOTIATIONS UNDER WAY FOR SALE OF PORTFOLIO OF INDUSTRIAL ASSETS

Stockland is in discussions with a potential buyer to purchase assets representing about 20 per cent of its total industrial portfolio.

Commercial Property CEO John Schroder said that Stockland was considering an offer of around $200M and negotiations were advanced.

“We have a clearly articulated strategy to reweight our commercial portfolio towards Retail and self-fund our growth opportunities.

“This offer is consistent with our strategic objectives and we are assessing the opportunity.

“We are also evaluating a number of acquisition opportunities for reinvestment of the proceeds into assets across the group in line with our 3-R strategy.”

For media enquiries contact For investor enquiries contact Sally-ann Parker Brett Zarb Linda Assatoury Senior Manager Communications Media Relations Senior Manager Investor Relations Stockland Stockland Stockland T +61 (0)2 9035 2462 T +61 (0)2 9035 2552 T +61 (0)2 9035 2553 M +61 (0)401 167 401 M +61 (0) 417 256 563 M +61 (0)402 283 769

Stockland Corporation Ltd ACN 000 181 733 Stockland Trust Management Ltd ACN 001 900 741 AFSL 241190 As Responsible Entity for Stockland Trust ARSN 092 897 348.