Stockland : Appendix 3Y (Mr M Steinert)

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	STOCKLAND
	(Joint listing of Stockland Corporation Limited and Stockland Trust)
ABN	Stockland Corporation Limited - 43 000 181 733
	Stockland Trust - 12 706 208 920

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	Mark Andrew STEINERT
Date of last notice	16 October 2019

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	Direct and indirect
Nature of indirect interest	Madison Way Superannuation Fund
(including registered holder)	Name of holder: Belvedere Securities Pty Ltd as custodian
Note: Provide details of the circumstances giving	for Madison Way Superannuation Fund
rise to the relevant interest.	Nature of interest: Beneficiary of the Madison Way
	Superannuation Fund
	Madison Way Family Trust
	Name of holder: Madison Way Pty Ltd as trustee for
	Madison Way Family Trust
	Nature of interest: Beneficiary of the Madison Way Family
	Trust
Date of change	29 October 2019
No. of securities held prior to change	Ordinary stapled securities
	3,679,538 comprising:
	Mark Andrew Steinert - 2,989,546;
	Madison Way Superannuation Fund - 351,492; and
	Madison Way Family Trust - 338,500
	Performance rights
	Mark Andrew Steinert - 1,442,889

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Class		Performance rights
Number acquired		670,721 performance rights by Mark Andrew Steinert
Number disposed		Nil
Value/Consideration		$4.4728 per performance right
Note: If consideration is non‐cash, provide details
and estimated valuation
No. of securities held after change		Ordinary stapled securities
		3,679,538 comprising:
		Mark Andrew Steinert - 2,989,546;
		Madison Way Superannuation Fund - 351,492; and
		Madison Way Family Trust - 338,500
		Performance rights
		Mark Andrew Steinert - 2,113,610
Nature of change		Securityholders at Stockland's Annual General Meeting
Example: on‐market trade, off‐market	trade,	approved the granting of 670,721 performance rights to
exercise of options, issue of securities	under	Mr Steinert as part of his 2020 financial year remuneration
dividend reinvestment plan, participation in buy‐
in accordance with the Stockland Performance Rights
back
		Plan.

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	Not applicable
Nature of interest	Not applicable
Name of registered holder	Not applicable
(if issued securities)
Date of change	Not applicable
No. and class of securities to which	Not applicable
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration	Not applicable
Note: If consideration is non‐cash, provide details
and an estimated valuation
Interest after change	Not applicable

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

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 trade Not applicable to proceed during this period?

If prior written clearance was provided, on what date was this Not applicable provided?

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3