STOCKLAND — Director's Dealing 2013

Mar 12, 2013

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	Mark Andrew Steinert
Date of last notice	30 January 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
Date of change	Beneficiary11 March 2013
No. of securities held prior to change	65,800
Class	Ordinary Stapled Securities
Number acquired	27,000
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$3.72 per security
No. of securities held after change	92,800 comprising:
	27,000 – Mr Mark Steinert
	65,800 – Madison Way Superannuation
	Fund
Nature of change
Example: on-market trade, off-market trade, exercise of
options, issue of securities under dividend reinvestment	On market purchase of securities
plan, participation in buy-back

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 towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	Not Applicable
Interest acquired	Not Applicable
Interest disposed	Not Applicable
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	Not Applicable
Interest after change	Not Applicable

Part 3 – +Closed Period

+ See chapter 19 for defined terms.

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

+ See chapter 19 for defined terms.