16 February 2018

ASX/Media release

As announced on 14 December 2017, Stockland expects to operate its Distribution Reinvestment Plan (DRP) for eligible securityholders who selected the DRP as their preferred distribution payment method for the half year to 31 December 2017.

In accordance with the terms of the DRP, we advise that the issue price for each stapled security is $4.03, being the average of the daily volume weighted averages of the selling price for stapled securities for the 15 trading days from 25 January 2018 to 15 February 2018, inclusive, with a discount of 1.0 per cent on the stapled securities issued under the DRP.

The deadline for securityholders to indicate DRP participation, or change an existing nomination, was 5pm (AEDT) on Friday 12 January 2018.

If the DRP operates, the new stapled securities will be issued to securityholders participating in the DRP on Wednesday 28 February 2018.