Dexus : Withdrawal of Resolution 4 for the 2021 Annual General Meeting

Dexus (ASX: DXS)

ASX release

18 October 2021

Withdrawal of Resolution 4 for the 2021 Annual General Meeting

Dexus Funds Management Limited (DXFM) as Responsible Entity of Dexus notes that Resolution 4 in the Notice of Annual General Meeting (AGM) released to the Australian Securities Exchange on 22 September 2021 for the AGM to be held on 19 October 2021, proposes a number of amendments to the Constitutions of each of the two Trusts that comprise Dexus.

One of the amendments relates to providing the Responsible Entity and Security holders with more flexibility in attending meetings by improving the Responsible Entity's powers to hold hybrid or fully virtual meetings for the Trusts going forward, in light of the uncertainty caused by disruptions to the market such as the ongoing government restrictions. These amendments were known as the Virtual Meeting Amendments.

While it was proposed to hold fully virtual meetings only in exceptional circumstances, the Board of DXFM has become aware of reservations expressed about the use of virtual meetings by listed companies and has determined to withdraw Resolution 4.

The withdrawal of Resolution 4 does not affect the validity of proxy or direct votes already submitted in respect of the remaining items of business, which will be put to Security holders at the meeting.

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

For further information please contact:
Investors	Media
David Yates	Louise Murray
Executive General Manager, Investor Relations	Senior Manager, Corporate Communications
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About Dexus

Dexus (ASX: DXS) is one of Australia's leading fully integrated real estate groups, managing a high-quality Australian property portfolio valued at $42.5 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 $17.5 billion of office, industrial and healthcare properties, and investments. We manage a further $25.0 billion of office, retail, industrial and healthcare properties for third party clients. The group's $14.6 billion development pipeline provides the opportunity to grow both portfolios and enhance future returns. Sustainability is integrated across our business, and our sustainability approach is the lens we use to manage emerging ESG risks and opportunities for all our stakeholders. Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange and is supported by more than 30,000 investors from 23 countries. With over 35 years of expertise in property investment, funds management, asset management and development, we have a proven track record in capital and risk management, 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