DEXUS Property : Appointment of Non-Executive Director

ASX release

26 October 2016

DEXUS Property Group (DEXUS) is pleased to announce the appointment of Mark Ford as an independent non-executive director to the Board of DEXUS Funds Management Limited (DXFM).

Mr Ford has extensive property industry experience and was previously the managing director and head of DB Real Estate Australia, (where DEXUS originated from) and where he managed more than $10 billion in property funds. Mr Ford was also previously a Director in the Property Investment Banking division of Macquarie and was involved in listing the previous Macquarie Office Fund.

Richard Sheppard, Chair of the DXFM Board said: "I'm pleased to welcome Mr Ford to the Board. As an experienced Director Mr Ford strengthens the property expertise on the Board from his previous roles at DB Real Estate and other property related roles. I am confident that Mr Ford will make a strong contribution to the Board.

This appointment is part of our Board renewal process and follows the retirement of Chris Beare last year and resignation of Craig Mitchell earlier this year."

Mr Ford is currently non-executive chairman for Cbus Property Pty Limited and Kiwi Property (in New Zealand) and a non-executive director of the manager for China Commercial Trust and Prime Property Fund Asia. Mr Ford also sits on the investment committee of Cbus Superannuation Fund.

Mr Ford's previous directorships include Comrealty Limited, South East Asia Property Company, the Property Council of Australia, Deutsche Asset Management Australia and Trafalgar Corporate Group Limited.

Mr Ford's appointment is effective from 1 November 2016 and will be subject to ratification at the next DEXUS Annual General Meeting to be held in October 2017.

This appointment results in the DXFM Board now comprising seven non-executive directors and one executive director.

DEXUS Property Group is one of Australia's leading real estate groups, investing directly in high quality Australian office and industrial properties. With $22.2 billion of assets under management, the Group also actively manages office, industrial and retail properties located in key Australian markets on behalf of third party capital partners. The Group manages an office portfolio of 1.8 million square metres located predominantly across Sydney, Melbourne, Brisbane and Perth and is the largest 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 31,000 investors from 20 countries. With more than 30 years of

expertise in property investment, development and asset management, the Group has a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk-adjusted returns for its investors. www.dexus.com

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