Dexus : Additional information concerning Dexus on-market buy-back program

Dexus (ASX: DXS)

ASX release

1 July 2021

Additional information concerning Dexus's on-marketbuy-back program

Dexus provides additional disclosure on the Appendix 3C - Notification of buy-back announcements being made today as part of the Simplification to the Dexus corporate structure announced on 22 June 2021.

The attached Appendix 3C - Notification of buy-back is being issued as a final notification under Dexus's existing four stapled trust structure.

A second Appendix 3C - Notification of buy-back (ASX online form announcement) will follow shortly after. This second Appendix 3C is being issued as an initial notification under Dexus's two stapled trust structure, being Dexus Operations Trust and the new Dexus Property Trust.

Dexus confirms that these announcements relate to the Simplification only - the terms of the on-market buy back and the number of securities that may be bought back under it remain unchanged.

Authorised by Brett Cameron, General Counsel and Company Secretary of Dexus Funds Management Limited

For further information please contact:

Investors	Media
Rowena Causley	Louise Murray
Senior Manager, Investor Relations	Senior Manager, Corporate Communications
[phone]	[phone]
[phone]	[phone]
[e-mail]	[e-mail]

About Dexus

Dexus is one of Australia's leading real estate groups, managing a high-quality Australian property portfolio valued at $36.5 billion. We believe that the strength and quality of our relationships will always be central to our success and are deeply committed to working with our customers to provide spaces that engage and inspire. We invest only in Australia, and directly own $15.5 billion of office, industrial and healthcare properties. We manage a further $21.0 billion of office, retail, industrial and healthcare properties for third party clients. The group's $11.5 billion development pipeline provides the opportunity to grow both portfolios and enhance future returns. Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (trading code: DXS) and is supported by more than 29,000 investors from 24 countries. With 36 years of expertise in property investment, development and asset management, we have a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk- adjusted returns for investors. www.dexus.com

Dexus Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for Dexus (ASX: DXS) Level 25, 264 George Street, Sydney NSW 2000

This appendix is available as an online form	Appendix 3C
	Notification of buy-back

Appendix 3C

Notification of buy-back

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.

*Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.

Part 1 - Entity and announcement details

Question	Question	Answer
no
1.1	*Name of entity	Dexus comprising the stapled
	We (the entity named above) provide the following information	securities of
	about our buy-back	Dexus Diversified Trust (DDF),
		Dexus Office Trust (DOT),
		Dexus Industrial Trust (DIT), and
		Dexus Operations Trust (DXO)
1.2	*Registration type and number	60 575 572 573 (DDF)
	Please supply your ABN, ARSN, ARBN, ACN or another	45 098 862 531 (DOT)
	registration type and number (if you supply another registration	27 957 640 288 (DIT)
	type, please specify both the type of registration and the
	registration number).	69 645 176 383 (DXO)
1.3	*ASX issuer code	DXS
1.4	*The announcement is	☐ New announcement
	Select whichever is applicable.	☐ Update/amendment to
		previous announcement
		☐ Cancellation of previous
		announcement
		☐ Daily buy-back notification
		Not applicable for selective buy-backs
		(complete Part 4)
		☒ Final buy-back notification
		(complete Part 5)
1.4b	*Reason for update
	Answer this question if your response to Q 1.4 is
	"Update/amendment to previous announcement".
1.4c	*Date of initial notification of buy-back
	Answer this question if your response to Q 1.4 is
	"Update/amendment to previous announcement" or "Cancellation
	of previous announcement".
1.4d	*Date of previous announcement to this update
	Answer this question if your response to Q 1.4 is
	"Update/amendment to previous announcement".
1.4e	*Reason for cancellation
	Answer this question if your response to Q 1.4 is "Cancellation of
	previous announcement".
1.4f	*Date of previous announcement to this cancellation
	Answer this question if your response to Q 1.4 is "Cancellation of
	previous announcement".
1.5	*Date of this announcement	1 July 2021

	This appendix is available as an online form	Appendix 3C
			Notification of buy-back
	1.6	*Class of +securities the subject of the buy-back:	ASX Security Code: DXS
		Note: only one type of buy-back for one class of security can be	Security Description: Fully paid
		advised in this notification. If a buy-back extends to more than one	stapled securities
		class of security, a separate notification is required for each class.
	Part 2 -Type of buy-back
	Questio	Question	Answer
	n No.
	2.1	*The type of buy-back is	☐ Employee share scheme buy-
		Note this form is not required for minimum holding buy-backs (i.e.	back
		buy-backs of unmarketable parcels). The only notification required	☒ On-marketbuy-back
		to ASX for a minimum holding buy-back is the lodgement of an
		Appendix 3H within 5 business days of the completion of the	☐ Equal access scheme buy-
		minimum holding buy-back notifying ASX of the cancellation of the
		securities bought back in accordance with listing rule 3.8A.	back
			☐ Selective buy-back
			☐ Other buy-back
			Select one item.
			Note: "Other buy-back" does not include
			a minimum holding buy-back. The
			section "Other buy-back" will generally
			only be applicable to an entity
			established outside Australia.
	2.2	Please describe the type of buy-back
		Answer this question if your response to Q 2.1 is "Other buy-back".

Part 5 - Final buy-back notification

Answer the questions in this part if you are giving a final buy-back notification under listing rule 3.8A.

For on-marketbuy-backs, a final buy-back notification must be submitted at least half an hour before the commencement of trading on the business day after the company buys back the maximum number of securities that it wanted or the company decides it will stop buying back securities.

For equal access buy-back schemes, a final buy-back notification must be submitted no later than five business days after the buy-back offer closing date.

For employee share scheme buybacks, selective buy-backs and other buy-backs, a final buy-back notification must be submitted by no later than five business days after the completion of the buy-back.

5.1	*Total number of +securities bought back	21,292,419
5.2	*Total consideration paid or payable for the +securities	$197,833,889.09
5.3	*Highest price paid	$11.70
	Answer this question if your response to Q 2.1 is "On-marketbuy-back".
5.4	*Date highest price was paid	13 December 2019
	Answer this question if your response to Q 2.1 is "On-marketbuy-back".
5.5	*Lowest price paid	$8.42
	Answer this question if your response to Q 2.1 is "On-marketbuy-back".
5.6	*Date lowest price was paid	9 February 2021
	Answer this question if your response to Q 2.1 is "On-marketbuy-back".

Introduced 05/06/21