Stockland : Notice of Meetings and Proxy Form

22 September 2017

133 Castlereagh Street

Sydney NSW 2000 www.stockland.com

T 02 9035 2000

F 02 8988 2552

For media enquiries

Larissa Webster

Senior Manager

Media Relations & Internal Communications

T +61 (0)2 9035 3328

M +61 (0)418 254 959

larissa.webster@stockland.com

.au

For investor enquiries

Antoinette Plater Senior Manager Investor Relations Stockland

T +61 (0)2 9035 3148

M +61 (0)429 621 742

Stockland has lodged today the following documents with ASX:

1. Notice of Meetings (Annual General Meeting of Stockland Corporation Limited and Meeting of Unit Holders of Stockland Trust); and

2. Proxy Form.

The meetings will be held at 2.30pm (Sydney time) on Wednesday 25 October 2017 in the Heritage Ballroom, The Westin Sydney, 1 Martin Place, Sydney. The meetings will also be webcast live on the Stockland website.

Documents will be despatched to securityholders today.

ENDS

Stockland

Stockland (ASX: SGP) was founded in 1952 and has grown to become Australia's largest diversified property group - owning, developing and managing a large portfolio of shopping centres, residential communities, logistic centres, business parks, office assets and retirement living villages. Stockland is rated as one of the most sustainable real estate companies in the world by the Dow Jones Sustainability World Index (DJSI). Stockland is also an Employer of Choice for Gender Equality, as recognised by the Workplace Gender Equality Agency.

Stockland Corporation Ltd ACN 000 181 733 Stockland Trust Management Ltd ACN 001 900 741 1

AFSL 241190 as Responsible Entity for Stockland Trust ARSN 092 897 348

Strength in diversity

Dear Securityholder,

I am pleased to invite you to Stockland's 2017 Annual General Meeting ("AGM") to be held at 2.30pm

on Wednesday 25 October in The Westin Sydney, Heritage Ballroom, 1 Martin Place, Sydney. The meeting will also be webcast live on the Stockland website.

Our AGM provides an occasion to meet the Board, hear from the Managing Director, and ask any questions you may have. You are welcome to submit questions in advance by mail or via our website.

The AGM also provides the opportunity to vote on the four resolutions for securityholder approval. If you are unable to attend the meeting I encourage you to vote prior to the meeting online or using the forms that are included.

ELECTION AND RE-ELECTION OF DIRECTORS

The first two resolutions seeking approval are for the election of our new director, Mr Andrew Stevens, to the Board and for my re-election to the Board.

Mr Stevens joined the Board in July 2017. He is a highly regarded director with extensive expertise in the technology sector and significant commercial experience. This makes him an excellent addition to our team.

It has been an honour to serve as a Stockland Board member and as Chairman this past year. I believe my experience as a senior finance executive, as well as my substantial experience in the retailing sector, supply chain logistics, and property development and management has positioned me well for this responsibility. I look forward to continuing to do so should you support the resolution to re-elect me.

The Board unanimously recommends the re-election of both directors.

REMUNERATION REPORT, PERFORMANCE RIGHTS AND TERMINATION BENEFITS

Two further resolutions seek approval of the Remuneration Report and the grant of performance rights to

the Managing Director as part of his 2018 financial year remuneration. The Board is committed to ensuring that Stockland's executive pay is commensurate with the Group's business outcomes and achievements, and our executives must achieve stretch goals in order to earn annual bonuses and long-term incentives.

The Board unanimously recommends the approval of these two resolutions.

ADOPTION OF THE ATTRIBUTION MANAGED INVESTMENT TRUST (AMIT) REGIME

The AMIT regime is an amendment by the Australian Government to part of Australia's tax system relevant to Stockland. The ATO has stated that the new regime seeks to reduce complexity, increase certainty and minimise compliance costs for eligible managed investment trusts and their members.

Recognising the greater certainty and legislative protection afforded under the AMIT regime, Stockland has adopted the AMIT regime for the year ending 30 June 2018. This has required us to make some changes to the Stockland Trust constitution in accordance with the regulatory framework for implementing AMIT. For more information please refer to the enclosed AMIT notice and Stockland's website at www.stockland.com.au/investor-centre/securityholder- information/taxation/amit.

I look forward to speaking with you at the AGM. Yours sincerely,

TOM POCKETT

CHAIRMAN

STOCKLAND CORPORATION LIMITED

ABN 43 000 181 733

STOCKLAND TRUST MANAGEMENT LIMITED

ABN 86 001 900 741

AFSL No. 241190

as the Responsible Entity for Stockland Trust

ARSN 092 897 348

DATE

Wednesday

25 October 2017

TIME

2.30pm (Sydney time)

PLACE

Heritage Ballroom The Westin Sydney 1 Martin Place

Sydney NSW 2000

Getting there

Annual General Meeting of Stockland Corporation Limited and Meeting of Unit Holders of Stockland Trust

Notice is given that the Annual General Meeting of Shareholders of Stockland Corporation Limited ("the Company") will be held in conjunction with a meeting of Unit Holders of Stockland Trust

("the Trust") on:

Date: Wednesday, 25 October 2017Time: 2.30pm (Sydney time)Place: Heritage Ballroom

The Westin Sydney

1 Martin Place

Sydney NSW 2000

GEORGE STREET

PITT STREET

HARBOUR

BRIDGE

BRIDGE STREET

WYNYARD

THE WESTIN HOTEL SYDNEY

MARTIN PLACE

CLARENCE STREET

YORK STREET

MARTIN PLACE

L

L

I

H

A

C

BOTANICAL GARDENS

KING PLACE

Y

A

W

S

S

E

R

P

X

E

MACQUARIE STREET

THE DOMAIN

TRAIN

The closest train station is Martin Place. Wynyard and Town Hall stations are also nearby.

BUS

State Transit buses stop along York, Castlereagh and Elizabeth Streets.

FERRY

The Circular Quay ferry station is located closest to The Westin Sydney.

PARKING

There is paid parking available in Pitt Street.

For more information about transit routes please call 131 500 or visit www.transportnsw.info to plan your trip.

FURTHER INFORMATION

If you would like any further information regarding the AGM, please contact

the Company's Share Registry, Computershare, on 1800 804 985 if calling from within Australia or

+61 3 9415 4000 from outside Australia.

WEBCAST

If you are unable to attend the AGM, you may view a live webcast of it

on the Stockland website via

www.stockland.com.au

INFORMATION ABOUT STOCKLAND

You can read about Stockland's

FY17 performance in the Shareholder Review, Annual Review and

Financial Report available via

www.stockland.com.au/investors

CONTACT DETAILS

Head office

Stockland

Level 25, 133 Castlereagh Street

Sydney NSW 2000

Toll free: 1800 251 813

T: (61 2) 9035 2000

Corporation/Responsible Entity

Stockland Corporation Limited

ACN 000 181 733

Stockland Trust Management Limited

ACN 001 900 741

AFSL 241190

Share registry

Computershare Investor Services Pty Ltd

Level 4, 60 Carrington Street

Sydney NSW 2000

Toll free: 1800 804 985

T: (61 3) 9415 4000

E: stockland@computershare.com.au

GO ELECTRONIC FOR CONVENIENCE AND SPEED

Did you know you can opt to receive all or part of your securityholder communication electronically.

You can change your communication preferences at any time by logging into www.investorcentre.com/ecomms or by contacting Computershare on 1800 804 985.

02 | Stockland Notice of Meetings 2017

Ordinary Business

1. FINANCIAL STATEMENTS AND REPORT

   As required by section 317 of the Corporations Act, the Annual Financial Report, including the Directors' Report

   and Financial Statements for the year ended 30 June 2017, together with the Independent Auditor's Report will be laid before the meetings. The combined reports of the Company and the Trust for the year ended 30 June 2017 will also be laid before the meetings. No resolution is required for

   this item of business.

2. ELECTION OF DIRECTOR - MR ANDREW STEVENS

To consider and, if thought fit, to pass the following resolution as an ordinary resolution of the Company:

"That Mr Andrew Stevens is eligible

and having offered himself for election, is elected as a Director of the Company."

Mr Stevens is currently a Non-Executive Director of MYOB Group Limited and Thorn Group Limited. He is also Chairman of Advanced Manufacturing Growth Centre Limited, Director of Committee for Economic Development Australia,

and a Board Member of the Greater Western Sydney Giants.

Mr Stevens has some 30 years' experience in business and technology, most notably holding senior leadership roles at IBM for

12 years. As the Managing Director, Australia and New Zealand at IBM from 2011 to 2014, Mr Stevens led the transformation of the business to become a leader in cloud-based computing, helping blue chip clients to derive business benefits from new and emerging technologies. Prior to this,

Mr Stevens was the COO of PwC Consulting in Asia Pacific.

Mr Stevens is also a member of the Advisory Board of the Australian School

of Business at the University of New South Wales, a Member of the Professional Conduct Oversight Committee of Chartered Accountants Australia and New Zealand,

a Member of the Chief of Defence's Gender Equity Advisory Board and a Member

of the Male Champions of Change.

Mr Stevens is a Fellow of the Chartered Accountants and Member of the Australian Institute of Chartered Accountants.

Mr Stevens is a member of the Stockland Audit and Sustainability Committees.

The election of Mr Stevens is unanimously recommended by the Board.

3 RE-ELECTION OF DIRECTOR - MR TOM POCKETT

To consider and, if thought fit, to pass the following resolution as an ordinary resolution of the Company:

"That Mr Tom Pockett, who retires in accordance with the Company's

Constitution and, being eligible and having offered himself for re-election, is re-elected as a Director of the Company."

Mr Pockett was appointed to the Board on 1 September 2014 and became Non- Executive Chairman on 26 October 2016. He is the Chairman of Autosports Group Limited (appointed 26 October 2016) and a Non-Executive Director of Insurance

Australia Group Limited (appointed 1 January 2015), O'Connell Street Associates Limited (appointed 1 November 2014) and Sunnyfield, a not for profit disability services provider

in New South Wales. Mr Pockett was Chief Financial Officer of Woolworths Limited from August 2002 to February 2014.

He was an Executive Director of Woolworths Limited from November 2006 to 1 July 2014. He previously held the position of Deputy Chief Financial Officer at the Commonwealth Bank of Australia and prior to that held several senior finance roles within the Lend Lease Group following a successful career with Deloitte. Mr Pockett was formerly Chairman of The Quantium Group Holdings Pty Limited (September 2014 to February 2016) and a Director of ALH Group Pty Ltd (September 2014 to February 2016) and Hydrox Holdings Pty Ltd (September

2014 to December 2015). Mr Pockett

was a member of the Financial Reporting Council from March 2003 to March 2006 and National President of G100 from August 2000 to January 2003.

Mr Pockett is a member of the Stockland Human Resources Committee and Chairman of the Sustainability Committee. Mr Pockett is the former chair of the Stockland Audit Committee and the Stockland Capital Partners Limited Audit Committee,

and a former member of the Stockland Risk Committee. Mr Pockett is

a Chartered Accountant.

The re-election of Mr Pockett is unanimously recommended by the Board.

Stockland Notice of Meetings 2017 |03