Sydney Airport : Appendix 3Y

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

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	16 March 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	Indirect
	Nature of indirect interest	Invia Custodian Pty Limited as custodian
	(including r g stered holder)
	Note: Provide details of the circumstances giving rise to the relevant	for Salvation Communications Pty Limited
	interest.	as trustee for Salvation Communications
		Superannuation Fund - The Director is a
		beneficiary of the Fund
		Sherry-Hogan Foundation - the Director is
		the Chair of the Foundation
	Date of change	11 September 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 - 33,500
		Sherry-Hogan Foundation - 4,500
	Class	Ord
	+ See chapter 19 for defined terms.	Appendix 3Y Page 1
01/01/2011

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 - 6,500
	Sherry-Hogan Foundation - 874
Number disposed	Nil
Value/Considerat on	$4.56 per stapled SYD security
Note: If consideration is non-cash, provide details and estimated
valuation	forInviaSalvationCustodianCommunicationsPty Limited asPtycustodiaLimited
No. of securities held after change
	as trustee for Salvation Communications
	Superannuation Fund - 40,000
	Sherry-Hogan Foundation - 5,374
Example:Natureonof-marketchangetrade,off-market trade, exercise of options, issue	Participation in the pro rata renounceable
of securities under dividend reinvestment plan, participation in buy-	entitlement offer, a disclosed to the
back	market on 11 August 2020

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

Note:interestDetailsrelatedare only priorrequiredtoforchangea contract in relation to which the interest has changed

Interest acquired

Interest disposed

+ See chapter 19 for defined terms.	01/01/2011
Appendix 3Y Page 2

Appendix 3Y

Change of Director's Interest Notice

Note:Value/ConsiderationIf consideration is non-cash, provide details and an estimated valuation

Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed	N/A
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.	Appendix 3Y Page 3
01/01/2011