Sydney Airport : Change of Director's Interest Notice

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity: Sydney Airport Limited

ABN: 18 165 056 360

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Ann Sherry
Date of last notice	25 August 2017

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	Invia Custodian Pty Limited as custodian
(including registered holder)	for Salvation Communications Pty Limited
Note: Provide details of the circumstances giving rise to the relevant	as trustee for Salvation Communications
interest.	Superannuation Fund - The Director is a
	beneficiary of the Fund
	Sherry-Hogan Foundation - the Director is
	the Chair of the Foundation
Date of change	12 March 2020
No. of securities held prior to change	Invia Custodian Pty Limited as custodian
	for Salvation Communications Pty Limited
	as trustee for Salvation Communications
	Superannuation Fund - 17, 500
	Sherry-Hogan Foundation - 4,500
Class	Ord

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

SYD Classification: Confidential

Appendix 3Y

Change of Director's Interest Notice

Number acquired	Invia Custodian Pty Limited as custodian
	for Salvation Communications Pty Limited
	as trustee for Salvation Communications
	Superannuation Fund - 16,000
Number disposed	Nil
Value/Consideration	$6.1850 per stapled SYD security
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	Invia Custodian Pty Limited as custodian
	for Salvation Communications Pty Limited
	as trustee for Salvation Communications
	Superannuation Fund - 33,500
	Sherry-Hogan Foundation - 4,500
	Total - 38,000
Nature of change	On-market trade
Example: on-market trade, off-market trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buy-
back

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract

N/A

Nature of interest

Name of registered holder (if issued securities)

Date of change

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired

Interest disposed

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

SYD Classification: Confidential

Appendix 3Y

Change of Director's Interest Notice

Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	N/A
trade to proceed during this period?
If prior written clearance was provided, on what date was	N/A
this provided?

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

SYD Classification: Confidential