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

Scentre Group

ABN

Scentre Group Limited ABN 66 001 671 496

Scentre Group Trust 1 ARSN 090 849 746

Scentre Group Trust 2 ARSN 146 934 536

Scentre Group Trust 3 ARSN 146 934 652

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

Peter Kenneth Allen

Date of last notice

22 September 2020

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

Nature of indirect interest

N/A

(including registered holder)

Note: Provide details of the circumstances

giving rise to the relevant interest.

Date of change

15 December 2020

No. of securities held prior to

Number of SCG Stapled Securities held:

change

1.

718,263

HSBC Custody Nominees (Australia) Limited

2.

230,908

Pechal Pty Ltd

3.

4,528,996

Pechal Pty Ltd

4.

32,460

Cheryl Allen

Total

5,510,627

Number of Performance rights held: 4,418,138 (Class code: SCGAA)

Class

SCG (Stapled Securities)

Number acquired

566,980

stapled securities on vesting of performance rights under the

Group's equity-linked plans

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Number disposed

No SCG securities have been disposed. Refer below for the number of

performance rights held after change

Value/Consideration

Vesting of performance rights under Scentre Group's

Note: If consideration is non-cash, provide

equity-linked plans

details and estimated valuation

No. of securities held after

Number of SCG Stapled Securities held:

change

1.

718,263

HSBC Custody Nominees (Australia) Limited

2.

230,908

Pechal Pty Ltd

3.

4,528,996

Pechal Pty Ltd

4.

566,980

Peter Kenneth Allen

5.

32,460

Cheryl Allen

Total

6,077,607

Number of Performance Rights held: 2,996,411 (Class code: SCGAA) which

represents the number of rights on issue for Mr Allen after vesting of 566,980

rights referred to in this notice and the lapse of 854,747 rights as a result of

zero vesting of performance rights under the Group's FY18 LTAR

Nature of change

Vesting of performance rights under Scentre Group's

Example: on-market trade, off-market

equity-linked plans.

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

N/A

Name of registered holder

N/A

(if issued securities)

Date of change

N/A

No. and class of securities to which

N/A

interest related prior to change

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

Interest acquired

N/A

Interest disposed

N/A

Value/Consideration

N/A

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

estimated valuation

Interest after change

N/A

Appendix 3Y

Change of Director's Interest Notice

Part 3 - +Closed period

Were the interests in the securities or

No

contracts detailed above traded during

a +closed period where prior written

clearance was required?

If so, was prior written clearance

N/A

provided to allow the trade to proceed

during this period?

If prior written clearance was provided,

N/A

on what date was this provided?

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

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Scentre Group Limited published this content on 18 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 December 2020 04:48:00 UTC