Westfield : Restructure Proposal - Court Approval

23 June 2014

The Manager

Company Announcements Office

ASX Limited

Level 4, Exchange Centre

20 Bridge Street

SYDNEY NSW 2000

Dear Sir/Madam

Level 30

85 Castlereagh Street

Sydney NSW 2000

GPO Box 4004

Sydney NSW 2001

Australia

Telephone 02 9358 7000

Facsimile 02 9358 7241

Internet www.westfield.com
Westfield Group (ASX:WDC) announces that the Supreme Court of New South Wales today approved the proposed scheme of arrangement between Westfield Holdings Limited and its members. The Proposal to restructure Westfield Group and merge its Australian and New Zealand operations with Westfield Retail Trust has received all necessary approvals and will proceed.
Westfield Group intends to lodge the orders of the Supreme Court approving the scheme of arrangement with ASIC on 24 June 2014. This will be the last day of trading in WDC stapled securities.
Deferred settlement trading of Westfield Corporation (ASX:WFD) and Scentre Group (ASX:SCG) stapled securities is expected to commence on Wednesday 25 June 2014, with normal trading expected to commence on Thursday 3 July 2014. A timetable of the remaining key dates in relation to the Proposal is set out in Annexure A.

Yours faithfully

Westfield Holdings Limited ABN 66 001 671 496

Westfield Management Limited ABN 41 001 670 579 AFS Licence 230329

as responsible entity for Westfield Trust ABN 55 191 750 378 ARSN 090 849 746

Westfield America Management Limited ABN 66 072 780 619 AFS Licence 230324

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

1 All dates and times are indicative only and are subject to change. Any changes to the above timetable will be announced to the ASX. Unless otherwise specified, all times and dates refer to Sydney time.

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