STOCKLAND — Director's Dealing 2022

Oct 23, 2022

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 30/09/01 Amended 01/01/11

Name of entity	STOCKLAND
	(joint listing of Stockland Corporation Limited and Stockland Trust)
ABN	Stockland Corporation Limited ABN 43 000 181 733
	Stockland Trust ABN 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	Tarun Dinkar Gupta
Date of last notice	21 October 2021

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Not applicable
Date of change	18 October 2022
No. of securities held prior to change	346,414 ordinary stapled securities959,338 performance rights
Class	Ordinary Stapled Securities andPerformance Rights
Number acquired	290,551 ordinary stapled securities801,518 performance rights
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$3.7429 per ordinary stapled security$3.7429 per performance right

+ See chapter 19 for defined terms.

No. of securities held after change	636,965 ordinary stapled securities
	1,760,856 performance rights
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Ordinary Stapled SecuritiesOn market acquisition of 290,551 ordinarystapled securities as part of Mr Gupta's FY22deferred short term incentive (145,276stapled securities will vest on 30 June 2023and 145,275 stapled securities will vest on30 June 2024).
	Performance Rights
	Securityholders at Stockland's AnnualGeneral Meeting approved the granting of801,518 performance rights to Mr Gupta aspart of his 2023 financial year remunerationin accordance with the StocklandPerformance Rights Plan. Further detailsregarding the terms of these performancerights can be found in the 2022 Notice ofAnnual General Meeting that was lodgedwith the ASX on 16 September 2022.

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.

Detailof 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 securitiesto whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	Not applicable

+ See chapter 19 for defined terms.

Interest after change	Not applicable

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	Not applicable
If prior written clearance was provided, on what date was thisprovided?	Not applicable

+ See chapter 19 for defined terms.