STOCKLAND — Major Shareholding Notification 2003

Jun 11, 2003

Form 604 Corporations Law

Section 671B

Notice of change of interests of substantial shareholder

To:	Company name/Scheme AMP Diversified Property Trust
ACN/ARSN		090 606 732
1. Details of substantial holder
Name	Stockland (refer to Annexure 1)
	The previous notice was given to the company onThe previous notice was dated	There was a change in the interests of the substantial holder on	11/06/0311/06/0311/06/03

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities	Previous notice		Present notice
	Person's votes	Voting power	Person's votes	Voting power
l Ordinary Units	157.742.055*	$30.13%$ *	174.728.878*	$33.37%$ *

Note:

*This figure includes a relevant interest of 8.89% which Stockland acquires as a consequence of Stockland being deemed to be an "associate" of AMP Henderson Global Investors Limited following execution of a Co-operation Agreement on 28 May 2003 between Stockland and AMP Henderson Global Investors Limited as responsible entity of ADP Diversified Property Trust, a copy of which was lodged with the ASX on 30 May 2003.

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, relevant interests of the substantial holder or an associate in voting securities of the company since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of	Person whose relevant	Nature of change	Consideration given in	Class and number of	Person's
change	interest changed		relation to change	shares affected	votes affected
	IRefer Annexure 2.

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevant interest	Registered holder ofsecurities	Person entitled to beregistered as holder	Nature of relevant interest	Class andnumber ofsecurities	Person'svotes
	i Refer Annexure 3

5. Change in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial shareholder in relation to voting interests In the company or scheme are as follows:

ACNandName	association.ature rO1ш.
Notapplicable

6. Addresses

The addresses of persons named in this form are as follows:

Name	$\sim$ with the second $\sim$
	1001655
$\mathsf I$ ReferAnnexure

Signature

Name: Phillip Hepburn

General Counsel and Group Secretary

Signature:

Date: 12 June 2003

This is Annexure 1 of 1 page referred to in Form 604 signed by me and dated 12 June 2003.

----------------------Phillip Allan Hepburn Secretary

Details of Substantial Holder

Stockland Trust Management Limited ACN 001 900 741 as responsible entity for Stockland Trust ARSN 092 897 348

Stockland Corporation Limited ACN 000 181 733 and each of its subsidiaries, as follows:

Albert & Co Pty Ltd Centenary Park Developments No.1 Pty Limited Colony Town Estates Pty Ltd Directors Management Pty Ltd Ezoperli Pty Ltd Gold Star Homes Pty Ltd Gold Star Real Estate Pty Ltd Heritage Construction Pty Ltd North Whitfords Estates Pty Ltd Stockland (Alamein) Pty Ltd Stockland (Co-ordinators) Pty Ltd Stockland (Enterprises) Pty Ltd Stockland (General) Pty Limited Stockland (Macquarie) Pty Ltd Stockland (Mapledown) Pty Ltd Stockland (Master) Pty Ltd Stockland (Park) Pty Limited Stockland (Promoters) Pty Ltd Stockland (Queensland) Pty Ltd Stockland (Russell Street) Pty Ltd Stockland (Sales) Pty Ltd Stockland (Subdividers) Pty Ltd Stockland (Victoria) Pty Limited Stockland Development Pty Limited Stockland Funds Management Limited Stockland Hotel Group Pty Limited Stockland Management Services Pty Limited Stockland Property Management Pty Ltd Stockland Property Services Pty Limited Stockland WA (Rockingham) Pty Ltd Stockland WA Corser Pty Ltd Stockland WA Development Pty Ltd Stockland WA (Estates) Pty Limited Stockland WA Enterprises Pty Ltd Stockland WA Holdings Pty Ltd Stockland WA Home Builders Pty Ltd Stockland WA Property Company of Australia Pty Limited Stockland WA Realty Pty Ltd Stocks & Realty (Security Finance) Pty Ltd The Park at Melbourne (Australia) Pty Ltd Thermotech Building Maintenance Services Pty Ltd West End Apartments Management Pty Ltd

This is Annexure 2 of 1 page referred to in Form 604 signed by me and dated 12 June 2003.

....................................... Phillip Allan Hepburn Secretary

Changes in relevant Interest

Date ofChange	Person whose relevant interestchanged	Nature ofchange	Consideration	Class and number ofsecurities	Person's votes affected
11/06/2003	Stockland Trust Management LimitedACN 001 900 741 and StocklandCorporation Limited ACN 000 181 733("Stockland")	See Notebelow	See Note below	16,986,823 OrdinaryUnits	16,986,823 Ordinary Units

NOTE: Stockland's relevant interest in ADP has increased following acceptances of its takeover offers for all the units in ADP, the terms of which are set out in the Bidder's Statement released to the ASX on 29 May 2003.

This is Annexure 3 of 1 page referred to in Form 604 signed by me and dated 12 June 2003.

...................................... Secretary

Present relevant interest

Holder of relevantinterest	Registered holder ofsecurities	Personentitled to beregistered asholder	Nature of Relevant Interest	Class and numberof securities	Person's votes
Stockland TrustManagement Limited ACN001 900 741 ("STML")	Trust Company of AustraliaLimited ACN 004 027 749as custodian for StocklandTrust ARSN 092 897 348,	Not applicable	STML is the responsible entityfor Stockland Trust ARSN 092897 348, which is the beneficialowner of the securities.	174,728,878Ordinary Units	174,728,878
Stockland CorporationLimited ACN 000 181 733	Trust Company of AustraliaLimited ACN 004 027 749as custodian for StocklandTrust ARSN 092 897 348,	Not applicable	Stockland Corporation has arelevant interest as its votingpower in STML is above 20%	174,728,878Ordinary Units	174,728,878

This is Annexure 4 of 2 pages referred to in Form 604 signed by me and dated 12 June 2003.

....................................... Phillip Allan Hepburn Secretary

Addresses

AMP Diversified Property Trust Level 22, 33 Alfred Street, Sydney NSW 2000

AMP Henderson Global Investors Limited 33 Alfred Street, Sydney NSW 2000

Trust Company of Australia Limited ACN 004 027 749 Level 4, 35 Clarence Street, Sydney NSW 2000

The registered office of each of the following entities is at Level 16, 157 Liverpool Street, Sydney NSW 2000:

Stockland Corporation Limited ACN 000 181 733 Stockland Trust Management Limited ACN 001 900 741 Albert & Co Pty Ltd ACN 000 184 369 Centenary Park Developments No.1 Pty Limited ACN 094 224 861 Colony Town Estates Pty Ltd ACN 000 748 836 Directors Management Pty Ltd ACN 050 020 856 Ezoperli Pty Ltd ACN 002 538 507 Gold Star Homes Pty Ltd ACN 000 446 686 Gold Star Real Estate Pty Ltd ACN 000 446 695 Heritage Construction Pty Ltd ACN 008 717 539 North Whitfords Estates Pty Ltd ACN 008 675 116 Stockland (Alamein) Pty Ltd ACN 000 734 878 Stockland (Co-ordinators) Pty Ltd ACN 000 402 728 Stockland (Enterprises) Pty Ltd ACN 000 818 075 Stockland (General) Pty Limited ACN 004 963 946 Stockland (Macquarie) Pty Ltd ACN 000 748 827 Stockland (Mapledown) Pty Ltd ACN 000 690 522 Stockland (Master) Pty Ltd ACN 000 690 531 Stockland (Park) Pty Limited ACN 004 982 389 Stockland (Promoters) Pty Ltd ACN 000 108 645 Stockland (Queensland) Pty Ltd ACN 009 855 958 Stockland (Russell Street) Pty Ltd ACN 008 480 019 Stockland (Sales) Pty Ltd ACN 000 412 582 Stockland (Subdividers) Pty Ltd ACN 000 108 654 Stockland (Victoria) Pty Limited ACN 004 752 354

Stockland Development Pty Limited ACN 000 064 835 Stockland Funds Management Limited ACN 078 081 722 Stockland Hotel Group Pty Limited ACN 002 563 920 Stockland Management Services Pty Limited ACN 002 571 084 Stockland Property Management Pty Ltd ACN 000 059 398 Stockland Property Services Pty Limited ACN 068 408 051 Stockland WA (Estates) Pty Limited ACN 001 782 556 Stockland WA (Rockingham) Pty Ltd ACN 008 762 212 Stockland WA Corser Pty Ltd ACN 008 714 609 Stockland WA Development Pty Ltd ACN 000 097 825 Stockland WA Enterprises Pty Ltd ACN 008 717 584 Stockland WA Holdings Pty Ltd ACN 001 774 572 Stockland WA Home Builders Pty Ltd ACN 008 785 019 Stockland WA Property Company of Australia Pty Limited ACN 001 782 565 Stockland WA Realty Pty Ltd ACN 008 897 354 Stocks & Realty (Security Finance) Pty Ltd ACN 000 352 063 The Park at Melbourne (Australia) Pty Ltd ACN 006 726 905 Thermotech Building Maintenance Services Pty Ltd ACN 000 401 838 West End Apartments Management Pty Ltd ACN 008 292 984