STOCKLAND — Capital/Financing Update 2018

May 7, 2018

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08 May 2018 133 Castlereagh Street T 02 9035 2000 Sydney NSW 2000 F 02 8988 2552 www.stockland.com

STOCKLAND UPDATE: STRATEGIC ASSET SALES

For media enquiries

Larissa Webster

Senior Manager Media Relations and Internal Communications Stockland T +61 (0)2 9035 3328 M +61 (0)418 254 959

For investor enquiries

Antoinette Plater

Senior Manager Investor Relations Stockland T +61 (0)2 9035 3148 M +61 (0)429 621 742

In line with its strategy of recycling capital, Stockland confirms it has entered agreements to divest a further two assets from its commercial property portfolio for an aggregate $193.35 million.

The assets include one retail town centre, Stockland Wallsend in Newcastle, which is unconditionally contracted for $81 million, and an office building at 77 Pacific Highway in North Sydney, which is unconditionally contracted at $112.35 million.

Mark Steinert, Managing Director and CEO of Stockland, said: “The divestment of these two assets aligns with our strategy to release capital for reinvestment, and takes the total value of our commercial property asset divestments to $306 million for the FY18 period to date.”

ENDS

Stockland

Stockland (ASX: SGP) was founded in 1952 and has grown to become Australia’s largest diversified property group – owning, developing and managing a large portfolio of shopping centres, residential communities, logistic centres, business parks, office assets and retirement living villages. Stockland is rated as one of the most sustainable real estate companies in the world by the Dow Jones Sustainability World Index (DJSI). Stockland is also an Employer of Choice for Gender Equality, as recognised by the Workplace Gender Equality Agency.

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

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