STOCKLAND — Director's Dealing 2013

Nov 7, 2013

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	Mark Andrew Steinert
Date of last notice	15 October 2013

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 tothe relevant interest.	Name of Holder:Madison WaySuperannuation FundNature of Interest: Director and Beneficiary
Date of change	4 November 2013
No. of securities held prior to change	306,251 comprising:240,451 – Mr Mark Steinert65,800 – Madison Way SuperannuationFund
Class	Ordinary Stapled Securities

+ See chapter 19 for defined terms.

Number acquired	528,000 Performance Rights as part ofMr Steinert's 2013 financial yearremuneration915,000 Performance Rights as part ofMr Steinert's 2014 financial yearRemuneration
	acquired by Mr Steinert in accordance withthe Stockland Performance Rights PlanRules, approved by Stockland securityholders at the 2013 Annual GeneralMeeting held on 29 October 2013.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	Not Applicable
No. of securities held after change	Issued Securities:306,251 comprising:
	Mr Mark Steinert:240,451
	Madison WaySuperannuation Fund:65,800
	Performance Rights:Mark Steinert:1,443,000
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	Issue of 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	Not Applicable
Nature of interest	Not Applicable
Name of registered holder(if issued securities)	Not Applicable
Date of change	Not Applicable

+ See chapter 19 for defined terms.

No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relation towhich the interest has changed	Not Applicable
Interest acquired	Not Applicable
Interest disposed	Not Applicable
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	Not Applicable
Interest after change	Not Applicable

Part 3 – +Closed Period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	Not Applicable
trade to proceed during this period?
If prior written clearance was provided, on what date was	Not Applicable
this provided?

+ See chapter 19 for defined terms.