Westfield Retail : WRT Meeting - Adjournment

MERGER PROPOSAL - MEETINGS ADJOURNED

Westfield Retail Trust (ASX:WRT) announces that at the meetings of WRT Securityholders held today (Meetings), the Chairman, with the support of WRT Securityholders in attend ance, adjourned the M eetings to enable the Independent Board Committee to ensure that all WRT Securityholders are aware of, and have the opportunity to consider, the impact of new information that was announced earlier today by Westfield Group.
The Chairman of Westfield Group (ASX: WDC), M r Frank Lowy AC said today "If the WRT meeting this afternoon does not approve the proposal, it will not diminish our determination to proceed with WDC's strategic objective of separating the two businesses. We will pursue that separation - but without WRT. However, the existing relationship with WRT will continue."
The adjourned meetings will be held within the next 10 to 14 days and appropriate announcements will be made to WRT Securityholders including the new deadline for close of proxy votes and the date, time and venue for the adjourned M eetings to be resumed.

VOTING RESULTS

The first resolution at the meeting was to ratify the continuing appointment of Andrew Harmos as a Director of WRT. This resolution was passed by the requisite majority of more than 50%.
Resolutions 2 to 5 were not put to the meeting due to the adjournment.
In addition, a non-binding resolution on the question of whether the Meetings should be adjourned was considered. The Chairman did not cast any proxy votes held by him on this resolution. The results of that non-binding resolution are set out below.
In accordance with ASX Listing Rule 3.13.2, the following information is provided in res pect of the resolutions considered at the M eetings, as set out in the Notice of Meeting in Annexure A of the Securityholder Booklet.
The votes were conducted on a poll.
Votes cast on each of the resolutions considered at the M eetings were as follows:

	Number of Votes	% of Votes
Resolution 1 - Ratification of continuing appointment of Andrew Harmos as a Director
Votes cast 'FOR' the resolution	2,152,490,008	92.39%
Votes cast 'AGAINST' the resolution	177,220,628	7.61%
TOTAL VOTES	2,329,710,636	100%

The total number of ABSTAIN votes for Resolution 1 was 46,641,134.

	Number of Votes	% of Votes
Non-binding resolution
Votes cast 'FOR' the resolution	30,070,858	82.52%
Votes cast 'AGAINST' the resolution	6,368,593	17.48%
TOTAL VOTES	36,439,451	100%

The number of securityholders voting on the non-binding resolution were 90 FOR and 34 AGAINST.
The total proxies received as at the close of the original proxy deadline at 2.00pm on 27 M ay 2014 were as follows:

	Number of Votes
	Proxy to vote for the resolution	Proxy to vote against the resolution	Proxy to abstain on the resolution	Proxy to vote at the proxy's discretion
Resolution 1 - Ratification of continuing appointment of Andrew Harmos as a Director	2,089,735,334	177,193,138	46,618,168	15,379,531
Resolution 2 - Approval of the Proposal for all purposes	1,694,962,097	594,381,844	24,702,748	14,922,266
Resolution 3 - Amendments to the constitution of Westfield Retail Trust 1	1,694,199,110	594,811,368	25,045,901	14,906,801
Resolution 4 - Amendments to the constitution of Westfield Retail Trust 2	1,694,213,722	594,809,087	25,032,230	14,905,061
Resolution 5 - Termination of the Corporate Governance Deeds	1,693,683,373	594,809,090	25,498,402	14,975,010

Further queries should be directed to the Securityholder Information Line on 1800 674 015 (within
Australia) or [phone] (from outside Australia).

ENDS

For further information please contact:
Domenic Panaccio Brian M ackrill
M anaging Director Chief Financial Officer
([phone] ([phone]

A b o u t W estfie ld Re tail Tru st

Westfield Retail Tr ust (ASX Co de: WR T) is Austr alia's largest listed real estate investment tr ust solely focused on A ustr alia n and New Zealand r etail pr oper ty, w ith a total asset value of $14.0 billion at 31 December 2013. The Tr ust's principal investment is the joint ventur e ow nership, alongside Westfield Gr oup, in a high quality shopping centr e por tfolio compr ising inter ests in 4 6 major shopping centr es located pr edominantly in Austr alia w ith 9% of the Tr ust's shopping centr e assets located in New Zealand.

This r elease contains forwar d-looking statements, including statements r egar ding futur e earnings and distributions. These forwar d-looking statements ar e not guar antees or pr edictions of futur e per for mance, and involve know n and unknow n r isks, uncer tainties and ot her factor s, many of w hich ar e beyond our contr ol, and w hich may cause actual r esults to differ materially fr om those ex pr essed i n the statements contained in this r elease. You should not p lace undue r eliance on these for w ard-looking statements. These forw ar d-looking statements ar e based on infor mation available to us as of the date of this pr esentation. Ex cept as requir ed by law or regulation (including the ASX Listing Rules) w e under take no obligation to update these for w ard-looking statements.