STOCKLAND — Share Issue/Capital Change 2012

Mar 8, 2012

Group Legal

Level 25. 133 Castlereagh Street SYDNEY NSW 2000

T 02 9035 2686 F 02 8988 2686

www.stockland.com.au

GPO Box 998 Sydney NSW 2001

9 March 2012

Mr Anthony Ingegneri Adviser ASX Limited 20 Bridge Street SYDNEY NSW 2000

Dear Anthony

Re: Buy Back and Cancellation of Securities

We advise that a further 9,183,217 securities have been bought back on market and cancelled since the last ASIC Form 484 was lodged with ASIC and ASX on 29 February 2012. A total of 90,762,433 securities have been bought back on market and cancelled since the commencement of the buy back on 5 September 2011. There are 2,292,274,284 securities on issue following this cancellation.

We further attach a copy of Form 484 lodged with the Australian Securities and Investments Commission. As a Stockland security consists of one Stockland Corporation Limited share stapled to one Stockland Trust unit, the amount stated as paid for the Stockland Corporation Limited cancelled shares in the attached Form 484 has been calculated as a composite of the Stockland Corporation share price and the Stockland Trust unit price.

Yours sincerely

Pay up

Phillip Hepburn General Counsel and Group Secretary

Change to company details		Corporations Act 2001
	Sections A, B or C may be lodged independently with this signed cover page to notify ASIC of:
A1 Change of address	B1 Cease company officeholder	C1 Cancellation of shares
A2 Change of name - officeholders or proprietary	B2 Appoint company officeholder	C2 Issue of shares
company members	B3 Special purpose company	C3 Change to share structure
A3 Change - ultimate holding company		C4 Changes to the register of members for proprietarycompanies
All mandatory fields will be identified with an *.
	If there is insufficient space in any section of the form, you may photocopy the relevant page(s) and submit as part of this lodgement
Company details	Company name *STOCKLAND CORPORATION LIMITED
Refer to guide for information about	ACN/ABN	Corporate key '
corporate key	000 181 733
Lodgement details	Who should ASIC contact if there is a query about this form?
	Firm/organisation
	STOCKLAND
	Contact name/position description
	PHILLIP ALLAN HEPBURN/COMPANY SECRETARY
	ASIC registered agent number (if applicable)
	21281
	Telephone number
	(02) 9035 2686
	Postal or DX address
	Total number of pages including this cover sheet
	4
Signature
This form must be signed by a current officeholder of the company.
	Name	I certify that the information in this cover sheet and the attached sections of this form are true and complete.
	$\bullet$ .PHILLIP ALLAN HEPBURN
	Capacity *
This form must be	Director
	$ \mathcal{V} $ Company secretary
SIGNED and
	Signature
DATED by a current$\frac{1}{2}$	I24 Mept
officeholder after it is	Date signed
B.		(dd/mm/yyyy)
PRINTED
Lodgement	Send completed and signed forms to:	For help or more information
	Australian Securities and Investments Commission,	1300 300 630Telephone
	PO Box 4000, Gippsland Mail Centre VIC 3841.	Email Click here to send ASIC an email.
	Or lodge the form electronically by visiting the ASIC websitewww.asic.gov.au	Webwww.asic.gov.au
ASIC Form 4841F ver 1.4		Cover page

$\sim$ $\sim$ $\mathcal{L}^{\mathcal{L}}$

Australian Securities & Investments Commission

$\mathbb{R}^2$

Form 484

OFFICE USE ONE Y: 1F

$\mathcal{L}^{\text{max}}_{\text{max}}$

$\mathcal{A}^{\mathcal{A}}$ $\sim 10$

Change Notification Page

Please notify the changes you wish to make by selecting at least one of the tick boxes available below. Your tickbox selections will generate the appropriate section(s) which will appear after this page.

$AI$ Change of address
$A2$ $\Box$ Change a name for officeholder or proprietary company members
Change of ultimate holding company detailsA3 I	Click on the button below if you need assistance in making your selection
Cease an officeholderB1 I
$B2$ $\Box$ Appoint an officeholder	Form 484 Guide
Change to special purpose company statusB3 L	Once you have made all your selections, scroll down to complete therequired sectionsa construction of the contract of the constant of the construction of the construction of the construction of the

To notify ASIC of changes to the shares and/or members register, select the appropriate tickbox below. Please wait until the table displays showing the appropriate sections that you should complete.

	IC1 - Cancellation ofishares	C 2 - Issue of shares	C3 - Change to sharestructure table	$ C4 - Change$ tomembers register
Issue of shares
Cancellation of sharesCProprietary company
$\vec{v}$ Public companyif in response to the Annual company statement		$\sim$ $\bullet$
If not in response to the Annual company statement	✔	Not required	$\vee$ Preferred	Not required

$C \ \Box$ Transfer of shares

C | Changes to amounts paid

C Changes to beneficial ownership

C1 Cancellation of shares

Reason for cancellationPlease indicate the reason that shares		Redeemable preference shares -- S.254J
have been cancelled (select one or more		Capital reduction -- S.256A -- S.256E
boxes)	$ v $ Share buy-back -- ss.257H(3)
		Minimum holding buy-back by listed company
	lv l	the share buy-back can take place.	Other buy-back type. A form 280 or 281 must be lodged at least 14 days, and no more than 1 year before
	Forfeited shares -- S.258D
		Shares returned to a public company -- ss.258E(2) & (3)
	Other
Details of cancelled shares		List the details of shares cancelled in the following table
	Share class code	Number of shares cancelled	Amount paid (cash or otherwise)
	IORD.	9183217	$28,569,729.55
	Earliest date of change
	Please indicate the earliest date that any of the above changes occurred *
	(dd/mm/yyyy)05/03/2012

C3 Change to share structure

Where a change to the share structure table has occurred (eg. as a result of the issue or cancellation of shares), please show the updated details for the share classes affected. Details of share classes not affected by the change are not required here.

Share class code	Full title if not standard	Total number ofshares (currentafter changes)	Total amountpaid on theseshares	Total amountunpaid on theseshares
ORD	ORDINARY SHARES	2292274284	$2,292,274,284	$0.00
Earliest date of change05/03/2012	Please indicate the earliest date that any of the above changes occurred *(dd/mm/yyyy)
Lodgement details	Is this document being lodged to update the Annual Company Statement that was sent to you?

$\Box$ Yes $\mathbf{z}$ No