Changes to the Board and Notice of Annual General Meeting

19 September 2017

Changes to the Board and Notice of Annual General Meeting

Dexus today announced changes to the Board of Directors of Dexus Funds Management Limited (DXFM) and details relating to the upcoming 2017 Annual General Meeting (AGM).

Elizabeth Alexander has advised that she will not stand for re-election as an Independent Director of DXFM at the 2017 AGM. Elizabeth will retain her position as Chair of Dexus Wholesale Property Limited (DWPL), the responsible entity of Dexus Wholesale Property Fund (DWPF).

Richard Sheppard, Chair of the DXFM Board said: “For more than 12 years Elizabeth has been an Independent Director of Dexus, joining the Board in January 2005.

“As a member of the Board Audit Committee as well as Chair of DWPL, Elizabeth has brought a wealth of knowledge and experience in accounting, finance and corporate governance to the Board and demonstrated sound and consistent judgement from which the group has greatly benefited.

“On behalf of the Board, the Group Management Committee and our Security holders, I would like to thank Elizabeth for her dedication and contribution during this time and look forward to her continued involvement with DWPL.”

The Board has taken this opportunity to continue its renewal process, and with the most recent appointment of The Hon Nicola Roxon on 1 September 2017, the Board will comprise one executive director and seven non-executive directors following Elizabeth's retirement from the Board.

The 2017 AGM will be held at Dexus’s head office, Australia Square, Level 25, 264 George Street, Sydney commencing at 2:00pm on Tuesday 24 October 2017.

The AGM will cover the formal aspects relating to the resolutions and then allow investors the opportunity to discuss any aspect of the business and have a conversation over refreshments with Directors and members of the Group Management Committee.

The Notice of Annual General Meeting, Explanatory Memorandum and sample Proxy and Q&A Forms are attached and will be mailed to Dexus Security holders today.