ASX announcement ASX codes: ALZ / AAZPB

1 Homebush Bay Drive

Building C, Level 3

Rhodes NSW 2138

11 August 2014

Board Appointments

In accordance with the Bid Implementation Agreement, and following Frasers acquisition of more than 50% of Australand stapled securities on a fully diluted basis, Frasers has nominated each of the following persons to be appointed as non-executive directors of Australand Holdings Limited, Australand Property Limited and Australand Investments Limited (together "Australand"):
Mr Panote Sirivadhanabhakdi;
Mr Chotiphat Bijananda; and
Mr Lim Ee Seng
The Australand Board has resolved to appoint each of these persons as directors of Australand with effect on and from the later of 13 August 2014 or receipt of the Consents to Act.

An Initial Director's Interest Notice (Appendix 3X) will be issued in respect of each of the above

upon their appointment as a director taking effect.

Issued by

Bev Booker
Group Company Secretary

+61 2 9767 2000 bbooker@australand.com.au

02 9767 2000

PO Box 3307

Rhodes NSW 2138

australand.com.au

Australand Holdings Limited ABN 12 008 443 696 Australand Property Limited ABN 90 105 462 137 AFSL 231130 as responsible entity of Australand Property Trust ARSN 106 680 424 and Australand ASSETS Trust ARSN 115 338 513

Australand Investments Limited ABN 12 086 673 092 AFSL 228837 as responsible entity of Australand Property Trust

No.4 ARSN 108 254 413 and Australand Property Trust No.5 ARSN 108 254 771

distributed by