STOCKLAND — Director's Dealing 2008

Oct 28, 2008

Appendix 3Y

Rule 3.19A.2

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	Matthew James Quinn
Date of last notice	26 October 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	NameofHolder:SuperQuinnPtyLimited
interest.	NatureofInterest:Directorandbeneficiary.
Date of change	29 October 2008
No. of securities held prior to change	Issued Securities:1,452,000 comprisingMatthew Quinn:1,074,610Super Quinn Pty Ltd:377,390Performance Rights:Matthew Quinn:865,000
Class	Ordinary Stapled Securities

+ See chapter 19 for defined terms.

Number acquired	723,000 performance rights acquired byMrQuinninaccordancewiththeStocklandPerformanceRightsPlanRules, approved by security holders atthe2008StocklandAnnualGeneralMeeting held on 21 October 2008. Eachperformance right provides Mr Quinn withthe right to acquire one ordinary stapledsecurity during August 2011, subject tospecifiedserviceandperformanceconditions being met.
Number disposed	Nil.
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Not Applicable.
No. of securities held after change	Issued Securities:1,452,000 comprisingMatthew Quinn:1,074,610Super Quinn Pty Ltd:377,390Performance Rights:Matthew Quinn:1,588,000
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issue of additional performance rights.

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
changeNote: Details are only required for a contract in relationto which the interest has changed

+ See chapter 19 for defined terms.

Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
Interest after change

+ See chapter 19 for defined terms.