STOCKLAND — M&A Activity 2010

Oct 28, 2010

Level 25, 133 Castlereagh Street SYDNEY NSW 2000

GPO Box 998 Sydney NSW 1041

T 02 9035 2000 F 02 8988 2000

www.stockland.com.au

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29 October 2010

Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

Stockland Development Pty Limited as trustee for The Retirement Living Acquisition Trust - takeover offer for Aevum Limited (“Aevum”) (“Offer”) - Notice of Variation Extending Offer Period

Stockland Development Pty Ltd as trustee for The Retirement Living Acquisition Trust (“ Stockland ”) has varied the Offer by extending the Offer Period from 7.00pm (Sydney time) on 29 October 2010 to 7.00pm (Sydney time) on 12 November 2010 (unless further extended).

Attached is a copy of the formal notice of variation to extend the Offer period in accordance with section 650D of the Corporations Act 2001 (Cwlth) (the “ Act ”) (the “ Notice ”) and a copy of an accompanying letter to be sent to Aevum shareholders (the “ Letter ”).

A copy of the Notice has today been lodged with the Australian Securities and Investments Commission and given to Aevum, and will be despatched with the Letter to Aevum shareholders shortly (subject to section 650D(2) of the Act).

Yours faithfully

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Derwyn Williams Company Secretary

Stockland Corporation Ltd ABN 43 000 181 733 A4784700/2.0

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