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STOCKLAND Director's Dealing 2004

Mar 3, 2004

65781_rns_2004-03-03_38d37c0e-dfe8-4e5a-bde1-329e32d90044.pdf

Director's Dealing

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Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity
STOCKLAND TRUST GROUP
(Joint listing of Stockland Corporation Limited and Stockland Trust)
ABN
Stockland Corporation Limited - 43 000 181 733
Stockland Trust 12 706 208 920

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director David John Fairfull
Date of last notice 7 March 2002

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest Indirect interest
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the
relevant interest.
Name of holder:
Richvale Pty Ltd
Major shareholder
Nature of interest:
Date of change 27 February 2004
No. of securities held prior to change 11,493
Class Ordinary Stapled Securities
Number acquired 396
Number disposed
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
\$2,011.13
No. of securities held after change 11,889

SNGroup Secretariat/Directors\Fairfull, D040227 ASX-App 3Y doc

+ See chapter 19 for defined terms.

Part 2 - Change of director's interests in contracts

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No, and class of securities to which
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change

$\frac{\text{Si-Group Secretariat-Directors}\text{Vairfull, D\%40227 ASX-App 3Y, doc-}}{\text{# See chapter 19 for defined terms.}}$