Announcement of Estimated Dividend Distribution June 2009

Stockland Corporation Limited and its related companies and trusts (“Stockland”, “we”, “our” or “us”) collect personal information about you in order to process your request to register for a user account, respond to your enquiries, provide information about our products and services and for other purposes as set out in our Privacy Policy which can be found at Privacy Policy.

The information you provide will be collected by us and may be disclosed to third parties that help us deliver our products and services (including marketing agencies, researchers and business partners) or as required by law. We may disclose personal information to entities outside Australia, including to our related bodies corporate, data hosting and other service providers. If you do not provide this information, we may not be able to create a user account for you, respond to your enquiries or provide you information of our products and services.

Our Privacy Policy explains:

1. how we collect, use, store, disclose and manage your personal information;
2. how you may access and correct your personal information;
3. how you can lodge a complaint regarding the handling of your personal information; and
4. how we will handle any complaint.

If you would like further information about our Privacy Policy, please contact us by email at: privacy@stockland.com.au or by post: Privacy Officer, Stockland, Level 25,133 Castlereagh Street, Sydney NSW 2000.

By providing your personal information to us, you consent to the collection, use, storage, disclosure and management of that information as described in the Privacy Policy and this collection notice.

Terms of Use

This website is operated by Stockland Corporation Limited, its related companies and trusts (together called "Stockland") under the domain name www.stockland.com.au ("Website"). These terms of use and the Privacy Statement apply to the Website. 

Stockland includes the operating entities listed at www.stockland.com.au. 

In addition to the terms contained in this document, there are also specific terms which form part of the terms of use and govern your use of, and access to, certain sections of this Website. Since you are also bound by these additional terms, you should review them wherever they are accessible by you on the Website. In the event of any inconsistency between the provisions of these Website terms of use and those other specific and additional provisions, the specific and additional provisions will prevail 

By proceeding beyond the homepage you agree to accept these terms of use and Stockland agrees to grant you a non-exclusive, non-transferable licence to use this Website in accordance with the conditions set out below. 

We may revise these terms of use from time to time without notice and such revision will take effect when it is posted on this Website. Your continued use of this Website will be regarded as your acceptance of these terms of use as amended. 

Pursuant to this licence and subject to the absolute right of Stockland to vary access to all or any part(s) of the Website, you acquire a non-exclusive right to:

• View the material in the Website.
• Access material contained in the Website.
• Use the Website strictly in accordance with the provisions of this licence.

Links to other websites

The Website may contain links to other websites operated by third parties ("Third Party Websites"). Stockland does not endorse, or approve of the operators of Third Party Websites, or the information, graphics and material on those Third Party Websites ("Third Party Material"). 

Subject to any applicable law which cannot be excluded, Stockland makes no warranties or representations:

• regarding the quality, accuracy, merchantability or fitness for purpose of Third Party Material or products or services available through Third Party Websites; or
• that Third Party Material does not infringe the intellectual property rights of any person. Stockland is not authorising the reproduction of Third Party Material by linking Material on this Website to Third Party Material.

When you follow a link on this Website, material at a Third Party Website may be displayed in your browser framed by material on this Website. This material is also Third Party Material for the purpose of these terms of use. 

All offers to sell and statements relating to goods and services available on Third Party Websites are the responsibility of and given by the Third Party Website operator. In so far as such offers and statements are made on the Website, such offers and statements are made by Stockland on behalf of the operator. Stockland expressly disclaims acting in any other respect on behalf of Third Party Website operators. 

Stockland may receive payments from operators of Third Party Websites in relation to goods or services supplied by the operator as a result of you linking to the Third Party Website from this Website. 

A link to a Third Party Website does not mean that we endorse the content of that website. Your access to Third Party Websites may be governed by their own terms of use. 

You may not create a link to this Website from another website or document without our prior written consent.

Website content

Stockland is either the owner or the licensed user of the copyright in the materials and information on this Website including without limitation any logo, design, floorplans, text, graphic and their arrangement ("Content"). Unless we indicate otherwise you must not copy, distribute, republish, download, display, post or transmit the Content in any form or by any means including but not limited to electronic, mechanical or otherwise without the prior written consent of Stockland or the written consent of the copyright owner. You may access and use the Content and this Website for your own personal use only. Unless expressly permitted otherwise, you must not do anything to alter, modify or add to the Content. 

You acknowledge and agree that if you contribute Content to the Website, such Content will become the property of Stockland and you hereby assign all rights, title and interests in and to such contributions to Stockland. 

Any comments or materials sent to us through the Website including feedback data, questions, comments and suggestions ("Feedback"), will be deemed to be non-confidential. Stockland has no obligation of any kind with respect to such Feedback and will be free to reproduce, exhibit, use, disclose, display, transform and distribute the Feedback to others without limitation. In addition, Stockland will be free to use any ideas, concepts, know-how or techniques contained in such Feedback for any purpose whatsoever, including but not limited to developing, manufacturing and marketing products and services incorporating such Feedback. 

Stockland reserves the right to remove any Content from this Website at any time, for any reason including, but not limited to, upon receipt of claims or allegations from third parties or authorities relating to such Content.

Membership

By registering as a member of Stockland you agree to be bound by these terms of use.  Membership is free and open to all Australian residents aged 15 years and over. Participants aged under 18 years must obtain the consent of their parent or legal guardian before applying for membership and providing personal information about themselves. The parent or legal guardian of a member under the age of 18 must read these terms of use and by submitting the online form, the parent or legal guardian consents to and acknowledges these terms of use.

To apply to become a member of Stockland, an eligible participant must either:

(a) attend a customer care office at any Stockland Shopping Centre and request to join the program; or

(b) join the program through visiting Stockland’s website at http://shoppingcentres.stockland.com.au/sign-up and providing the required information (required information may include but is not limited to, their full name and a current and valid email); or

(c) join the program through Facebook. Any participant registering through “Facebook” acknowledges that Stockland will have access to the following details:

     i. the participant’s “Facebook” Public Profile Information;

     ii. the participant’s “Facebook” Friend List”; and

     iii. the participant’s “Facebook” Email Address.

If a participant registers using the Stockland App, the participant is responsible for maintaining the strict confidentiality of their login details for the Stockland App and is responsible for any activity under their account. Each participant agrees to immediately notify Stockland of any unauthorised use of their account or password or any other breach of security. It is the participant’s sole responsibility to control the dissemination and use of their password and control access to and use of their account. Stockland will not be responsible or liable for any loss or damage arising from a participant’s failure to comply with this provision.

If a participant uses Facebook to register: participants acknowledge that their personal profile may be updated by accessing Stockland via Facebook. Further, participants consent to the disclosure and transfer of their Personal Information, by Stockland to Facebook for purposes relating to Stockland. Membership to and use of Facebook generally is subject to the prevailing terms and conditions of use of Facebook. Stockland is in no way sponsored, endorsed or administered by, or associated with Facebook. Participants are solely responsible and liable for any content or information they transmit to other internet users. To the extent permitted by law, each participant agrees to indemnify, defend and forever hold harmless, Stockland and its related body corporates, trusts and associates against any and all losses, actions, claims, costs, expenses and damages (of any nature) which may be incurred by a participant in respect of the participant’s membership with Stockland. Any questions, comments or complaints about Stockland must be directed to Stockland and not to Facebook.

Indemnity

You must indemnify and keep Stockland (and its related bodies corporate, directors, officers, employees, agents and contractors) indemnified fully from any claim, action, demand, loss or damages made or incurred by any third party arising out of or relating to your conduct, your use of this Website, your breach of provisions this licence, or your breach of any rights of third parties.

Trademarks

The "Stockland" name and all its associated trademarks are trademarks of Stockland. 

Any other trade marks appearing on this Website may be the trademarks of the relevant owners. 

You must not use any trademarks that appear on this Website without the written consent of the trademark owner.

Your conduct when using this Website

You acknowledge and accept that your use of the Website indicates your acceptance of this licence and that you are responsible for all of your activity in connection with accessing the Website. 

In accessing the Website, you must not:

• take any steps to obtain unauthorised access to this Website or any parts thereof that are not opened to public access;
• disrupt or interfere with or make attempts to disrupt or interfere with:

- the Website; 
- any other user's enjoyment of this Website or Third Party Websites; or 
- any services, system resources, accounts, servers or network connected to or accessible
through this Website or Third Party Website;

• engage or make attempts to engage in any kind of illegal, criminal or tortious activity whatsoever through the use (whether direct or indirect) of the Website or Third Party Websites;
• use, copy or translate for commercial use, reproduce, adapt, vary or modify any material in any form in this Website without the express consent of Stockland except as expressly authorised by this licence;
• use any robot, spider or any other automatic device or manual process to monitor, copy or extract any web pages or any Content on this Website, without the prior written consent of Stockland;
• take any (or make attempts to take any) action that imposes an unreasonable or large load on the infrastructure of the Website;
• reverse engineer, reverse assemble or otherwise attempt to discover source code or other arithmetical formula in respect of the software underlying the infrastructure and processes associated with the Website;
• post or transmit to or via this Website any material that may infringe the intellectual property rights of any third party, or any defamatory, derogatory or offensive material or publication; or
• use or attempt to use the Website to violate the security of any computer network, crack passwords or security encryption codes, transfer or store illegal material including material that are deemed threatening or obscene, or engage in any kind of illegal activity.

User Responsibility

In accessing this Website, you acknowledge and agree that:

• you must comply with all applicable local, state, national and international laws and regulations that relate to your use of or activities on this Website. Stockland reserves (at its absolute discretion) the right to report potentially criminal activity to appropriate law enforcement agencies. Any fraudulent, abusive, or otherwise illegal activity may be grounds for termination of your access to the Website. You may not post or transmit, or cause to be posted or transmitted, any communication or solicitation designed or intended to obtain personal data from any Website user;
• if Stockland issues you with a password that permits you to access certain parts of this Website, you are solely responsible for any use of the Website through such access, whether authorised or not; and
• you have exercised your independent judgment and have not relied on any representation made by Stockland which has not been stated expressly in this licence or upon any descriptions or illustrations or specifications contained in any document including catalogues or publicity material produced by Stockland (which material may be out of date or superceded).

Disclaimers

While Stockland has endeavoured to ensure that all information provided on this Website is complete, accurate or up to date, the Content and this Website are provided "as is" and "as available" and Stockland takes no responsibility for any error or omission relating to this information. The existence of inaccurate, incomplete or superseded material in this Website will not cause Stockland to be in breach of the terms of the licence. 

To the maximum extent permitted by law, Stockland:

• disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability and fitness for a particular purpose, or non-infringement; and
• will not be liable for any cost, loss or damage suffered by you through your use of the Website or Stockland’s failure to provide access to the Website or any Third Party Websites or any information updates.
• The Content may contain general information about Stockland’s products and services. Unless expressly stated otherwise, the Content does not:
• constitute an offer or inducement to enter into a legally binding contract;
• form part of the terms and conditions for Stockland’s products and services;
• purport to provide you with personal financial or investment advice of any kind; or
• take account of your particular financial position or requirements.

This Website may include information about stocks and their prices. The information made available on stock prices on this Website does not reflect the current or "real time" price of the stock. Images and diagrams on this Website are intended to be a visual aid only and do not necessarily accurately depict the object described. 

Your use of this Website including all Content, data or software distributed by, downloaded or accessed from or through this Website is at your own risk. Before taking or refraining from any action in reliance on the Content or this Website, you must make and rely on your own enquiries in relation to, and in evaluation of, the Content including any information, predictions, opinions and statements contained in this Website.

Warranties

Stockland does not warrant or make any representations:

• that this Website or the server that operates it is free from viruses or other corrupted materials or occasional outages or disruption to service which prevent you from accessing this Website; or
• in relation to the use or the results of the use of the Content or this Website as to their correctness, accuracy, reliability, or otherwise; or
• that use of this Website will be compatible with the hardware and software you are using to access it; or
• that the functions contained in this Website or Third Party Websites will be uninterrupted or without error, that defects will be corrected, or that electronic material in this Website and other Third Party Websites are free of harmful components.

Stockland will not be liable for any indirect or consequential losses arising out of a breach of this licence, or arising out of the supply of a defective program or incorrect materials.

Subject to any responsibilities implied by law and which cannot be excluded, Stockland (including our related bodies corporate, directors, officers, employees, agents and contractors) expressly disclaim all liability to you or any other persons for any losses, damages, liabilities, claims and expenses (including but not limited to legal costs and defence or settlement costs) whatsoever, whether direct, indirect or consequential, arising out of or referable to the Content or this Website (or material accessed via this Website), or to access of the Website by you, howsoever caused, whether in contract, tort including negligence, statute or otherwise. To the full extent permitted by law, any liabilities imposed on Stockland, or implied into this licence, under any law are hereby excluded. 

To the extent permitted by law, all implied terms are excluded. If any statute implies terms into this licence, which cannot be lawfully excluded, such terms will apply to this licence, save that the liability of Stockland for breach of any such implied term will be limited to the maximum extent possible, at the option of Stockland, to any one or more of the following:

• The replacement of goods or services to which the breach relates or the supply of equivalent goods or services.
• The repair of such goods or services.
• The payment of the cost of replacing the goods or services or of acquiring equivalent goods or services.
• The payment

of the cost of having the goods repaired or the services performed again. 
Nothing in this licence is intended to exclude, restrict or modify rights which you may have under the Trade Practices Act or any other legislation which may not be excluded, restricted or modified by agreement. 

Stockland reserves the right to make any change, add or remove any material in or from this Website without notice. Stockland may also make improvements or changes in the products or programs described in the Content at any time without notice. For example, changes in circumstances after the date of publication may impact upon the accuracy of the Content.

Termination and suspension

Stockland reserves the right, without notice and in its sole and absolute discretion, to discontinue, suspend or terminate any service offered by or through this Website as well as this Website at any time. All provisions of this Licence which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, disclaimers and indemnities. 

Waiver

Failure or neglect by Stockland to enforce at any time any of the provisions of this licence shall not be construed or deemed to be a waiver of the rights of Stockland under this licence. 
No waiver by Stockland of its rights under this Licence shall be deemed a waiver of any other term or provision and shall be limited to a single waiver limited to the specific circumstances under which such waiver was granted. 
Currency 
A reference to "$" or "dollars" throughout this Website is a reference to Australian currency, unless stated otherwise. 

Privacy

Stockland respects your privacy. The Privacy Statement applicable to this Website explains how personal data will be treated as you access and interact with this Website and can be accessed on the Privacy page of this website. 

Severability

If any parts of this Licence are deemed unlawful void or for any reason unenforceable then that provision may be severed from this Licence and it will not affect the validity and enforceability of the remaining provisions. 

Applicable law

This licence is governed by and construed in accordance with the laws of New South Wales, Australia. You hereby irrevocably and unconditionally consent and submit to the exclusive jurisdiction of the courts of New South Wales, Australia.