STOCKLAND — Director's Dealing 2013

May 16, 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 733Stockland 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	19 March 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	14 May 2013 and 15 May 2013
No. of securities held prior to change	145,800 comprising:80,000 - Mr Mark Steinert65,800 - Madison Way Superannuation
Class	FundOrdinary Stapled Securities

+ See chapter 19 for defined terms.

Number acquired	40,000 acquired on 14 May 201362,000 acquired on 15 May 2013
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	40,000 at $3.92 per security (14 May 2013)62,000 at $3.91 per security (15 May 2013)
No. of securities held after change	247,800 comprising:
	182,000 – Mr Mark Steinert
	65,800 – Madison Way SuperannuationFund
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	On market purchase of securities

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
No. and class of securities towhichinterest 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

+ See chapter 19 for defined terms.

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.