Dexus pares down stake in Convenience Retail REIT

Dexus Funds Management Limited and its related bodies corporate, a substantial holder, have reported a change in their interests in Dexus Convenience Retail REIT. Their previous voting power, dated September 2, 2024, was 12.84% with 17,685,036 votes. The current notice, dated August 27, 2025, indicates a reduced voting power of 11.84%, representing 16,303,749 votes, marking a decrease of 1,381,287 votes.

The reduction in Dexus's holding stems from multiple sell transactions across various entities, including AREIT and CFS. Notable sales by AREIT include 998,544 units on October 25, 2024, at a price of 295.00, and 218,000 units on August 6, 2025, at a price of 299.05. CFS also conducted sales, such as 10,000 units on March 26, 2025, at 295.13 and 15,000 units on August 11, 2025, at 305.69.

The remaining relevant interests are held by Dexus RE Limited (10,011,224 ORD), Dexus Asset Management Limited (2,402,816 ORD), DXAM as responsible entity of Dexus AREIT Fund (3,808,897 ORD), and DXAM as investment manager for Dexus CFS AREIT Fund (80,812 ORD). Dexus remains the ultimate controlling entity for all other substantial holders mentioned in the form.