DGAP-Adhoc

Dexus Finance Pty Limited: 2021 Extraordinary General Meeting - Seite 2

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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2021 Extraordinary General Meeting

Good afternoon everyone and welcome to our 2021 Extraordinary General Meeting.

I'm Richard Sheppard, the Chair of the Board of Directors of Dexus Funds Management Limited. I would like to begin by acknowledging the Gadigal people of the Eora Nation, the traditional custodians of the land on which we are presenting from today, and we pay our respects to their First Nations people past, present and emerging. I would also like to extend that respect and welcome to any First Nations people who are joining our meeting today.

On behalf of the Dexus Board, I would like to thank those of you who have joined us in person today and welcome those of you who are joining us on the webcast. We remain hopeful that we will be able to connect with more of you at our Annual General Meeting later this year.

I'll table my appointment as Chair of today's meeting and open the meeting.

I will start by reinforcing some key elements of our strategy.

The COVID-19 pandemic has reinforced the importance of having a diversified business model and strategy that can deliver through the cycle.

This has been demonstrated by our strong cashflows and resilient asset values in this uncertain environment.

We continue to invest in high-quality real estate across Australia's major cities and we have established some key strategic initiatives that will help unlock the relative value of our business and strengthen the platform for future cycles. The initiatives include:

• Increasing the resilience of portfolio income streams
• Expanding and diversifying the funds management business, as well as
• Progressing our group development pipeline

The Simplification is aligned to the expansion of our funds management business and will increase our flexibility to be able to meet the increased investment demand from third party capital partners.