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Commonwealth Bank media release

CBA AND DEXUS AGREE FACILITATION AGREEMENT

Commonwealth Bank of Australia (CBA) and DEXUS Property Group (DEXUS) have today signed a facilitation agreement (Agreement) relating to the management of Commonwealth Property Office Fund (CPA).  DEXUS and Canada Pension Plan Investment Board (CPPIB) (together the Consortium) announced on 11 December 2013 that the Consortium intends to make a revised off-market takeover offer to acquire all of the issued units in CPA.

Under the terms of the Agreement, CBA has agreed to assist DEXUS in assuming the management of CPA, should the Consortium assume a 50.1% interest in CPA and be appointed the Responsible Entity of CPA.  CBA will receive a facilitation payment from DEXUS of $41 million in relation to providing the facilitation services.  The Agreement is attached to this announcement.

 

--ENDS--

 

Investor Relations:

Warwick Bryan
Ph: (02) 9118 7112
Mobile: 0406 316 725

Media:

Zoe Viellaris
Ph: (02) 9280 7598
Mobile: 0477 342 564