DEXUS Property : Appendix 4G and 2017 Corporate Governance Statement

Investor Relations Melanie Bourke

+61 2 9017 1168

+61 405 130 824

melanie.bourke@dexus.com

Media Relations Louise Murray

+61 2 9017 1446

+61 403 260 754

louise.murray@dexus.com

Name of entity

Dexus Funds Management Limited

ABN / ARBN

Financial year ended:

24 060 920 783

30 June 2017

☐

These pages of our annual report:



This URL on our website:

http://www.dexus.com/who-we-are/our-business/corporate- governance/corporate-governance-statement

Date:

16 August 2017

Name of Director or Secretary authorising lodgement:

Brett Cameron, Company Secretary

Corporate Governance Council recommendation

We have followed the recommendation in full for the whole of the period above. We have disclosed …

We have NOT followed the recommendation in full for the whole of the period above. We have disclosed …4

PRINCIPLE 1 - LAY SOLID FOUNDATIONS FOR MANAGEMENT AND OVERSIGHT

1.1

A listed entity should disclose:

1. the respective roles and responsibilities of its board and management; and

2. those matters expressly reserved to the board and those delegated to management.

… the fact that we follow this recommendation:

☒ in our Corporate Governance Statement OR

• at [insert location]

… and information about the respective roles and responsibilities of our board and management (including those matters expressly reserved to the board and those delegated to management):

☒ at Board Terms of Reference and CorporateGovernance Statement

• an explanation why that is so in our Corporate Governance Statement OR

• we are an externally managed entity and this recommendation is therefore not applicable

1.2

A listed entity should:

1. undertake appropriate checks before appointing a person, or putting forward to security holders a candidate for election, as a director; and

2. provide security holders with all material information in its possession relevant to a decision on whether or not to elect or re-elect a director.

… the fact that we follow this recommendation:

☒ in our Corporate Governance Statement OR

• at [insert location]

• an explanation why that is so in our Corporate Governance Statement OR

• we are an externally managed entity and this recommendation is therefore not applicable

1.3

A listed entity should have a written agreement with each director and senior executive setting out the terms of their appointment.

… the fact that we follow this recommendation:

☒ in our Corporate Governance Statement OR

• at [insert location]

• an explanation why that is so in our Corporate Governance Statement OR

• we are an externally managed entity and this recommendation is therefore not applicable

1.4

The company secretary of a listed entity should be accountable directly to the board, through the chair, on all matters to do with the proper functioning of the board.

… the fact that we follow this recommendation:

☒ in our Corporate Governance Statement OR

• at [insert location]

• an explanation why that is so in our Corporate Governance Statement OR

• we are an externally managed entity and this recommendation is therefore not applicable

Corporate Governance Council recommendation

We have followed the recommendation in full for the whole of the period above. We have disclosed …

We have NOT followed the recommendation in full for the whole of the period above. We have disclosed …4

1.5

A listed entity should:

1. have a diversity policy which includes requirements for the board or a relevant committee of the board to set measurable objectives for achieving gender diversity and to assess annually both the objectives and the entity's progress in achieving them;

2. disclose that policy or a summary of it; and

3. disclose as at the end of each reporting period the measurable objectives for achieving gender diversity set by the board or a relevant committee of the board in accordance with the entity's diversity policy and its progress towards achieving them and either:

4. the respective proportions of men and women on the board, in senior executive positions and across the whole organisation (including how the entity has defined "senior executive" for these purposes); or

5. if the entity is a "relevant employer" under the Workplace Gender Equality Act, the entity's most recent "Gender Equality Indicators", as defined in and published under that Act.

… the fact that we have a diversity policy that complies with paragraph (a):

☒ in our Corporate Governance Statement OR

• at [insert location]

• in our Corporate Governance Statement OR

• at [insert location]

… and a copy of our diversity policy or a summary of it:

☒ at Diversity and Inclusion Principles

… and the measurable objectives for achieving gender diversity set by the board or a relevant committee of the board in accordance with our diversity policy and our progress towards achieving them:

☒ at Diversity Target

… and the information referred to in paragraphs (c)(1) or (2):

☒ in our Corporate Governance Statement OR

• an explanation why that is so in our Corporate Governance Statement OR

• we are an externally managed entity and this recommendation is therefore not applicable

1.6

A listed entity should:

1. have and disclose a process for periodically evaluating the performance of the board, its committees and individual directors; and

2. disclose, in relation to each reporting period, whether a performance evaluation was undertaken in the reporting period in accordance with that process.

… the evaluation process referred to in paragraph (a):

☒ in our Corporate Governance Statement OR

• at [insert location]

• at [insert location]

… and the information referred to in paragraph (b):

☒ in our Corporate Governance Statement OR

• an explanation why that is so in our Corporate Governance Statement OR

• we are an externally managed entity and this recommendation is therefore not applicable