• Dexus to initiate on-market securities buyback of up to 10% over the coming year
• Buyback to be funded from existing facilities and working capital
• Buyback part of Dexus' active capital management approach

Dexus (ASX: DXS) has announced plans to initiate a new on-market securities buyback of up to 10% of DXS securities over the coming year. The buyback is part of Dexus' active approach to capital management, as the company believes there is a sustained disconnect between its equity market valuation and the underlying value of its assets and businesses. Dexus intends to fund the buyback from existing facilities and other working capital. The company's Group CEO and Managing Director, Ross Du Vernet, stated that the buyback will be executed at a pace consistent with maintaining balance sheet discipline as Dexus progresses asset sales and other initiatives. The announcement provides further details on the buyback in the Appendix 3C ASX announcement.