Vicinity Centres : FY21 Modern Slavery Statement

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ASX Announcement

21 December 2021

FY21 Modern Slavery Statement

Vicinity Centres ('Vicinity', ASX:VCX) today released its FY21 Modern Slavery Statement.

CEO and Managing Director, Mr Grant Kelley, has authorised that this document be given to ASX. For more information on Vicinity's approach to sustainability, visit sustainability.vicinity.com.au

		ENDS
For further information please contact:
Jane Kenny	Marie Festa
Head of Investor Relations	Chief Corporate Affairs Officer
T	[phone]	T	[phone]
E	[e-mail]	E	[e-mail]

About Vicinity Centres

Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups with a fully integrated asset management platform, and $22 billion in retail assets under management across 61 shopping centres, making it the second largest listed manager of Australian retail property. The Group has a Direct Portfolio with interests in 60 shopping centres (including the DFO Brisbane business) and manages 30 assets on behalf of Strategic Partners, 29 of which are co-owned by the Group. Vicinity is listed on the Australian Securities Exchange (ASX) under the code 'VCX' and has over 28,000 securityholders. Vicinity also has European medium term notes listed on the ASX under the code 'VCD'. For more information visit vicinity.com.au or use your smartphone to scan this QR code.

Vicinity Centres
National Office		Vicinity Limited ABN 90 114 757 783
Level 4, Chadstone Tower One		and Vicinity Centres RE Ltd
1341 Dandenong Road	T [phone]	ABN 88 149 781 322
PO Box 104	F [phone]	As responsible entity for:
Chadstone VIC 3148	vicinity.com.au	Vicinity Centres Trust ARSN 104 931 928

For personal use only

FY21

MODERN SLAVERY STATEMENT

MESSAGE FROM OUR CHIEF EXECUTIVE OFFICER & MANAGING DIRECTOR

OUR BUSINESS, OPERATIONS & SUPPLY CHAIN

onlyMODERN SLAVERY RISKS IN OUR OPERATIONS AND SUPPLY CHAIN

ASSESSING AND ADDRESSING

MODERN SLAVERY RISKS

ASSESSING EFFECTIVENESS

OF OUR ACTIONS

useNEXT STEPS

CONSULTATION WITH

CONTROLLED ENTITIES personalFor

1 INFORMATION ABOUT OUR MODERN SLAVERY STATEMENT

	This is Vicinity Centres' ('Vicinity') second Modern Slavery Statement
2	('Statement') covering the Australian financial year from 1 July 2020 to
30 June 2021 (FY21) published in accordance with the Modern Slavery Act
	2018 (Cth) ('the Act').

Vicinity Centres is a stapled group comprising Vicinity Limited (the

5 Company) and Vicinity Centres Trust (the Trust). Shares in the Company and units in the Trust are stapled together and are traded collectively on the Australian Securities Exchange under the code 'VCX'.

8	This is a Joint Statement by the Company and the Trust, and it also covers
all other mandatory reporting entities under the Vicinity Centres Group

(collectively referred to as 'Vicinity Centres', 'Vicinity', 'Group', 'us', 'we' or 'our') in accordance with the reporting requirements under the Act, being:

1. • Vicinity Limited (ABN 90 114 757 783),
2. • Vicinity Centres Trust (ABN 72 680 499 767),
   • Vicinity NVN Trust (ABN 43 813 342 348),
3. • Vicinity FIF Investment Trust (ABN 34 310 063 620),
4. • Vicinity Property Management Trust (ABN 83 026 144 869), and
   • Vicinity Holdings Limited (ABN 79 167 087 363).

13

In the process of preparing this statement, Vicinity's General Counsel, the Sustainability Committee, the Risk and Compliance Committee and the Board have reviewed and provided feedback on its content.

The Statement was approved by the Board of Directors of Vicinity Centres on 15 December 2021.

REPORTING REQUIREMENTS	PAGES
OF THE ACT
Requirement 1 & 2	Identify the reporting entity and	1-5
	describe its structure, operations
	and supply chains
Requirement 3	Describe the risks of modern	5-7
	slavery practices in the operations
	and supply chains of the reporting
	entity and entities it owns or
	controls
Requirement 4	Describe the actions taken by the	8-11
	reporting entity and any entities
	that it owns or controls to assess
	and address these risks, including
	due diligence and remediation
	processes
Requirement 5	Describe how the reporting entity	12
	assesses the effectiveness of
	actions being taken to assess and
	address modern slavery risks
Requirement 6	Describe the process of	2, 13
	consultation with any entities the
	reporting entity owns or controls
Requirement 7	Any other relevant information	8-10, 13

Message from our Chief Executive Officer & Managing Director

onlyuseDear Stakeholders

Vicinity Centres is committed to respecting and promoting

the human rights of our employees, suppliers and the personalcommunities in which we operate, consistent with the International Bill of Rights (which includes the Universal

Declaration of Human Rights, the International Covenant on Civil and Political Rights, and the International Covenant on Economic, Social and Cultural Rights) and the United Nations Guiding Principles on Business and Human Rights.

Continuous improvement of our processes to identify and uncover issues around modern slavery remains important for Vicinity, as does the prevention and remediation of uch issues. Our Board remains focussed on ensuring transparency around our approach, processes and challenges to enable shared learning.

In FY21, we became Participants in the UN Global Compact, further strengthening our commitment in this space and we continue to collaborate with our peers across multiple sectors to help inform our approach. Furthermore, we established and convened our Modern Slavery Working Group, chaired by our Chief Operating Officer, in order to provide active engagement and

Forfeedback on the progress of Vicinity's Responsible Procurement Action Plan and actions to assess, address and mitigate modern slavery risks in our supply chain.

We will continue our efforts in FY22 to progress our Responsible Procurement Action Plan and play our part in reducing risk in our supply chains.

Grant Kelley

CEO and Managing Director

FY21 KEY ACTIONS

RISK ASSESSMENT

799 of our key suppliers involved in risk mapping exercise

EDUCATION

Modern Slavery Compliance Training introduced to all Vicinity team members

COLLABORATION

Became a participant to the United Nations Global Compact and collaborated with our peers through multi-sector knowledge sharing

POLICY

Updated our Supplier Code of Conduct to include more expectations of suppliers in relation to human rights and labour practices

GOVERNANCE

Established and convened our Modern

Slavery Working Group, chaired by our

Chief Operating Officer

FY21 MODERN SLAVERY STATEMENT

1

use only
personal	As at 30 June 2021, Vicinity had 61 retail assets under
Our business,
operations	OUR BUSINESS
value of its Direct Portfolio to $13.5 billion. We also manage
	management across Australia, valued at $22.2 billion. Vicinity
	has an ownership interest in 59 of these assets, taking the
& supply chain	assets on behalf of our joint venture partners and wholesale
fund investors, known as strategic partners. Vicinity also
undertakes design and development of our assets to create
	mixed use precincts and continually enhance our core retail
	portfolio, with 12 town planning approvals and a further two
For	town planning applications submitted in FY21.
Our retail assets range from local neighborhood centres to
market leading destinations that compete on an international
	stage including Chadstone Shopping Centre, Emporium
	Melbourne, Sydney's Queen Victoria Building, The Galeries
	and the Strand Arcade, QueensPlaza in Brisbane and a quality
	portfolio of DFO centres.
	The majority of Vicinity's earnings are derived from rental
	income from our retail tenants. Vicinity also derives ancillary
	income from a variety of streams, including electricity on-
	selling to tenants, car parking and digital media assets. Our
	national office is located in Melbourne, Australia, with regional
	offices in Sydney, Brisbane, Adelaide and Perth. We employ
	approximately 1,200 people across centres and corporate
	offices nationwide.
	For more information about our business, refer to our
	2021 Annual Report.

2 VICINITY CENTRES FY21 MODERN SLAVERY STATEMENT