NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO US PERSONS

30 March 2017 The Manager

Company Announcements Office ASX Limited

Level 4, Exchange Centre 20 Bridge Street

SYDNEY NSW 2000

Dear Sir/Madam

Westfield Corporation

Level 29

85 Castlereagh Street

Sydney NSW 2000

GPO Box 4004

Sydney NSW 2001 Australia

Telephone 02 9273 2000

Facsimile 02 9358 7241

Internet www.westfieldcorp.com

WESTFIELD CORPORATION (ASX: WFD) WESTFIELD CORPORATION PRICES US$500 MILLION OF SENIOR GUARANTEED NOTES (5 YEARS)

Westfield Corporation has priced a US$500 million 5 year debt issue into the United States market.

The debt issue comprises US$500 million aggregate principal amount 3.150% guaranteed senior fixed rate notes due April 2022.

Proceeds of the issue will be used to repay outstanding borrowings under Westfield Corporation's U.S. revolving credit facility and for general corporate purposes.

Yours faithfully

WESTFIELD CORPORATION Simon Tuxen Company Secretary

This announcement is not an offer of securities for sale in the United States ("US"). The securities referred to in this announcement have not been, and will not be, registered under the US Securities Act of 1933 (the "US Securities Act") or under the securities laws of any State or other jurisdiction of the US and may not be offered or sold in the US or to, or the benefit or account of, "US persons" (as defined in Regulation S under the US Securities Act) in the absence of registration unless in a transaction exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US State securities laws.

This announcement has been prepared solely for informational purposes. It is not an offer for sale or a recommendation or solicitation to buy or sell any securities, nor shall there be any offer, solicitation, or sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

In the United Kingdom, this announcement is only directed at qualified investors who are also: (i) persons who have professional experience in matters relating to investments and fall within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended, (the "Financial Promotion Order"), (ii) persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Promotion Order or (iii) any other person to whom it may otherwise may lawfully be communicated under the Financial Promotion Order (each such person being referred to as a "relevant person"). Any person in the United Kingdom that is not a relevant person should not act or rely on this announcement. In the United Kingdom, any activity to which this announcement relates is only available to, and will only be engaged in with, a relevant person.

Westfield Corporation Limited ABN 12 166 995 197 Westfield America Management Limited ABN 66 072 780 619 AFS Licence 230324

as responsible entity of Westfield America Trust ABN 27 374 714 905 ARSN 092 058 449 and

as responsible entity of WFD Trust ABN 50 598 857 938 ARSN 168 765 875

Westfield Corporation published this content on 30 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 March 2017 23:09:15 UTC.

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