Dexus Explanatory Memorandum and Notice of Extraordinary General Meeting

On 9 February 2021, Dexus announced that it was considering making changes to simplify the Dexus corporate structure (the "Simplification").

Dexus Funds Management Limited (ACN 060 920 783) as the Responsible Entity of each of the four trusts that comprise Dexus (“Responsible Entity”) has now considered these proposed changes and believes they are in the best long-term interests of Security holders.

The Simplification therefore is being brought to Security holders for approval.

The Explanatory Memorandum and Notice of Extraordinary General Meeting ("EM") provided below explain the Simplification, being a proposed internal reorganisation from a complex quadruple stapled trust structure (being comprised of DXO, DDF, DIT and DOT) to a group comprising two stapled trusts. This will be achieved by “top-hatting” three of the existing trusts (DDF, DIT and DOT) with a newly established trust, Dexus Property Trust ("DPT") to form the Simplified Group. The Simplified Group will comprise a unit in each of DXO and DPT. There will be no change to Dexus's underlying business and operations, or Security holders' interest in them (other than for a small number of Ineligible Foreign Security holders), as a result of the Simplification.

Further details of the Simplification are provided in the EM.

The EM contains important information and requires your immediate attention. Please read all of the information in full. If you have any queries, you should consult an independent and appropriately licenced and authorised professional adviser.

Dexus will hold an Extraordinary General Meeting ("Meeting") for Security holders to vote on the resolutions set out in the Notice of Extraordinary General Meeting (Annexure A of the Explanatory Memorandum).

Security holders are invited to attend the Meeting in person on Thursday, 22 April 2021 at:

Dexus Place
Level 5, 1 Margaret Street,
Sydney NSW 2000

Registration opens:  3.00pm
Meeting commences:  3.30pm

Recognising the continued fluidity of the COVID-19 pandemic, Dexus will closely monitor developments and will notify Security holders if there are any changes to their ability to physically attend the Meeting.

Due to current COVID-19 related restrictions, there are limited spaces available and refreshments will not be provided.

If you plan on attending the Meeting in person, please RSVP to by 5.00pm on Tuesday, 20 April 2021.

Also provided below is a link to Dexus's Security holder login facility, the Constitution for DPT, Dexus's financial statements for the period ended 31 December 2020 as released on 9 February 2021 and the Supplemental Deeds for each of DXO, DDF, DIT and DOT, including the revised Constitutions.

A link to a webcast of the Meeting will be available closer to the date of the Meeting.


If you require further assistance, please contact Dexus’s Information Line on +61 1800 819 675.

Explanatory Memorandum and Notice of Extraordinary General Meeting

Dexus Security holder Login

Dexus Property Trust (DPT) Constitution

Dexus Extraordinary General Meeting

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