STOCKLAND — Capital/Financing Update 2012

Aug 29, 2012

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

www.stockland.com.au

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30 August 2012 ASX/Media Release

STOCKLAND SELLS 45 ST GEORGES TERRACE, PERTH

Stockland has agreed to sell 45 St Georges Terrace in Perth to a private offshore investor for $55.3 million, in line with 30 June 2012 book value.

John Schroder Group Executive and CEO Commercial Property said the sale reflected Stockland’s strategic portfolio and capital management objectives.

“The sale further demonstrates our continuing focus on increasing returns through active capital management.

“In FY12 we achieved total asset sales of $964 million, and have already achieved sales of $247 million this financial year. This capital will be used to fund the share buyback, grow our core businesses and maintain low debt,” Mr Schroder said.

Stockland: Celebrating 60 years in 2012

Stockland is one of Australia’s leading property groups, owning, developing and managing a large portfolio of residential communities, retirement living villages, retail, office and industrial assets. Stockland was recognised as the Most Sustainable Property Company in the World in the 2011/12 Dow Jones Sustainability Index.

For media enquiries contact For enquiries contact Lucy Wilson Michelle Taylor Stakeholder Relations Consultant GM – Stakeholder Relations Stockland Stockland T +61 (0)2 9035 2689 T +61 (0)2 9035 2786 M +61 (0)478 878 279 M +61 (0)400 356 692

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.