Dexus Finance Pty Limited, XS1961891220

Dexus Finance Pty Limited, XS1961891220

02.09.2022 - 05:57:40

Dexus Finance Pty Limited: ACRT transition from the AMP platform

Dexus (ASX: DXS)

ASX release

2 September 2022

ACRT transition from the AMP platform

Dexus notes today?s announcement by AMP Limited (?AMP?) that AMP Capital Retail Trust (ACRT or the Fund) will transition from the AMP platform.

On 27 April 2022 Dexus entered into a Share Sale and Purchase Agreement (?SPA?) with Collimate Capital Limited, a wholly owned subsidiary of AMP Limited, to acquire AMP?s real estate and domestic infrastructure equity business (?Transaction?)[1].

The structure and pricing of the SPA were agreed having regard to the final assets under management (?AUM?) that will be transitioned to Dexus. As a result of ACRT exiting the AMP platform, the earn out amount payable under the SPA will reduce to a maximum of approximately $25 million[2], taking the maximum potential price to approximately $275 million including the $250 million upfront cash payment. The maximum potential AUM that will transition across to Dexus is approximately $18 billion. Further information will be provided as Dexus and AMP Capital progress towards completion of the transaction.

Dexus remains focused on completing the Transaction which positions it as a leading real asset manager, with new capabilities and an expanded product offering, underpinned by our best practice governance and risk management framework.

Subject to satisfaction of conditions precedent, Dexus expects the Transaction to complete this calendar year.

Authorised by Brett Cameron, General Counsel and Company Secretary of Dexus Funds Management Limited

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For further information please contact:

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Investors Rowena Causley Head of Listed Investor Relations +61 2 9017 1390 +61 416 122 383 rowena.causley@dexus.com Media Jim Kelly Domestique +61 412 549 083 jim@domestiqueconsulting.com.au ?

[1] ?Dexus originally announced the Transaction to ASX on 27 April 2022.

[2] ?The earn out consideration is subject to a range of factors including successful transition of assets under management (?AUM?) and will be finally assessed nine months following completion of the Transaction.

Information and Explanation of the Issuer to this announcement:

About Dexus

Dexus (ASX: DXS) is one of Australia?s leading fully integrated real estate groups, managing a high-quality Australian property portfolio valued at $44.3 billion. We believe that the strength and quality of our relationships will always be central to our success and are deeply committed to working with our customers to provide spaces that engage and inspire. We invest only in Australia, and directly own $18.4 billion of office, industrial and healthcare properties, and investments. We manage a further $25.9 billion of office, retail, industrial and healthcare properties for third party clients. The group?s $17.7 billion development pipeline provides the opportunity to grow both portfolios and enhance future returns. Sustainability is integrated across our business, and our sustainability approach is the lens we use to manage emerging ESG risks and opportunities for all our stakeholders. Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange and is supported by more than 29,000 investors from 24 countries. With over 35?years of expertise in property investment, funds management, asset management and development, we have a proven track record in capital and risk management and delivering superior risk-adjusted returns for investors. www.dexus.com

Dexus Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for Dexus (ASX: DXS) Level 25, 264 George Street, Sydney NSW 2000

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02-Sep-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.de

Language: English Company: Dexus Finance Pty Limited 264 George Street 2193 Sydney

Australia Phone: +61 2 9017 1100 Fax: +61 2 9017 1101 E-mail: ir@dexus.com Internet: www.dexus.com ISIN: XS1961891220 WKN: A2RZHG Listed: Regulated Unofficial Market in Frankfurt EQS News ID: 1433859 ? End of Announcement DGAP News Service

1433859??02-Sep-2022?CET/CEST

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