DEXUS Property : settles on sale of 50 Carrington Street, Sydney

ASX release

1 December 2014

DEXUS Property Group (DEXUS) today announced the settlement of the $88 million sale of 50 Carrington

Street, Sydney.

The transaction was previously announced to the Australian Securities Exchange on 13 August 2014. The sale proceeds will be used to repay debt.

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DEXUS Property Group (DEXUS) is one of Australia's leading real estate groups, investing directly in high quality Australian office and industrial properties. With $18 billion of assets under management, DEXUS also actively manages office, industrial and retail properties located in key Australian markets on behalf of third party capital partners. DEXUS manages an office portfolio of 1.7 million square metres across Sydney, Melbourne, Brisbane and Perth and is the largest institutional owner of office buildings in the Sydney CBD, Australia's largest office market. DEXUS is a Top
50 entity by market capitalisation listed on the Australian Securities Exchange under the stock market trading code
'DXS' and is supported by more than 32,000 investors from 20 countries. With nearly 30 years of expertise in property
investment, development and asset management, DEXUS has a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk-adjusted returns to investors.

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DEXUS Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for DEXUS Property Group (ASX: DXS)

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