Exercise of Put Option

19 March 2024

Exercise of Put Option of Outstanding 2.30% Guaranteed Exchangeable Notes due 2026

(ISIN: XS1961891220)

Dexus refers to the 2.30% Guaranteed Exchangeable Notes due 2026, the terms of which were announced to the market on 18 March 2019.

Under the terms of the notes, investors had the ability to put their securities to Dexus for early repayment and cancellation during a period prior to 19 March 2024.

In line with expectations, Dexus announces that investors have exercised their put option for the aggregate principal amount of A$323.2 million.

Following the exercise of the put option, Dexus has a call option for early repayment and cancellation of the remaining $1.8 million of Notes. Dexus intends to exercise its call option on 8 April 2024.

Dexus will fund the repayment of the $325.0 million of notes from existing debt facility headroom.

The cancellation of the notes will be announced to the ASX promptly after it occurs.