Dexus and IOF agree process and terms for merger

Dexus Funds Management Limited ("DXFM"), the responsible entity of Dexus ("Dexus") and Investa Listed Funds Management Limited ("ILFML"), the responsible entity of Investa Office Fund ("IOF"), today announced that they have entered into a process agreement which sets the terms and steps by which Dexus could acquire 100% of the IOF Units. This follows Dexus recently having received an unsolicited approach from the advisers to the Independent Board Committee of ILFML to explore a possible transaction.