STOCKLAND — Director's Dealing 2007

Sep 2, 2007

Appendix 3Y Change of Director’s Interest Notice

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 STOCKLAND (Joint listing of Stockland Corporation Limited and Stockland Trust)

ABN

Stockland Corporation Limited - 43 000 181 733 Stockland Trust - 12 706 208 920

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	Graham John Bradley
Date of last notice	28 August 2007

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	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Name of holder: Equitas Nominees Pty Ltd as Custodian for Daphino Pty Ltd, trustee of Bradley Superannuation Fund Nature of interest: Director of Daphino Pty Limited Name of holder: Equitas Nominees Pty Ltd as Custodian for Daphino Pty Ltd, trustee of GJ Bradley Family Trust Nature of interest: Director of Daphino Pty Limited
Date of change	31 August 2007

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	73,737 comprising: 48,957 Mr Graham John Bradley 10,330 Equitas Nominees Pty Limited (custodian for Daphino Pty Ltd, trustee of Bradley Superannuation Fund) 14,450 Equitas Nominees Pty Limited (custodian for Daphino Pty Ltd, trustee of GJ Bradley Family Trust)
Class	Ordinary Stapled Securities
Number acquired	1,216
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$7.98 per security
No. of securities held after change	74,953 comprising: 50,173 Mr Graham John Bradley 10,330 Equitas Nominees Pty Limited (custodian for Daphino Pty Ltd, trustee of Bradley Superannuation Fund) 14,450 Equitas Nominees Pty Limited (custodian for Daphino Pty Ltd, trustee of GJ Bradley Family Trust)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of securities under the Distribution/ Dividend Reinvestment Plan (DRP)

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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

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