Have their been any changes to the Distribution Reinvestment Plan (DRP)?
 

An ASX announcement was released on the 23rd December 2008 regarding the amendments to the Distribution Reinvestment Plan.

Please click on the link below to view the announcement.
DRP ASX Announcement

What was the Stapling distribution?
 

The Stapling distribution was a non-cash distribution paid by Westfield Holdings, Westfield Trust and Westfield America Trust in July 2004 to facilitate the Westfield
Group Merger.

What is the forecast distribution for the Westfield Group?
 

Distribution per security for 2009 expected to be in the range of 94 cents and 97 cents per security.

When is the next distribution to be paid?
 

Distributions are paid twice yearly at the end of February and August.

Is there a Distribution Reinvestment Plan (DRP)?
 

The DRP was introduced in January 2005.  

Amendments to the DRP Rules were announced to the ASX on 23rd December 2008.

Please click on the link below to view the ASX announcement.
DRP ASX Announcement

Information about the DRP can be viewed at Distributions.

Where can I find information regarding past distributions
or dividends?
 

Refer to your past distribution or dividend statements. A detailed distribution history is also available on this website at Distributions.

Can I have my distribution credited to a bank account?
 
Your distribution payment can be automatically credited to your financial institution account (Australian bank account, building society, credit union or cash management account). Direct Credit Instruction forms are available on this website at Securityholder Forms.

What was the last Westfield Group distribution amount per Stapled Security?
 

The Westfield Group distribution with a payment date 27 February 2009 was 53.25 cents per Stapled Security.

What was the last DRP price and how was this calculated?
 

The DRP price was $10.04 and the DRP participation rate for the distribution payment made on 27 February 2009 was 28.34%. The DRP price is calculated using the arithmetic average of the daily volume weighted average sale price of Stapled Securities traded on ASX during a period of ten consecutive Trading Days as determined by the Administrators in respect of a Distribution and notified to Securityholders.

There was no DRP for the August 2008 distribution.

The DRP rules have been amended as follows:

• The pricing period for setting the DRP price has been extended to 10 consecutive trading days (previously 5 trading days) as determined by the Board and the pricing methodology adjusted to a simple arithmetic mean calculation.
• To allow for on-line applications to participate in the DRP.
• To permit future changes to the DRP rules to be notified to members by way of announcement to the ASX.