• Dexus Convenience Retail REIT (DXC) extends on-market securities buy-back for 12 months
• Initial target of 2.5% of DXC securities on issue
• Buy-back represents a compelling return on capital and enhances value for existing securityholders

Dexus Convenience Retail REIT (DXC) has provided an update on its active on-market securities buy-back, which was extended for a further 12-month period on 28 January 2026 to retain flexibility. DXC intends to undertake an on-market buy-back with an initial target of 2.5% of DXC securities on issue. Pat De Maria, DXC Fund Manager, stated that the buy-back represents a compelling return on capital and further enhances value for existing securityholders. The announcement refers to the Appendix 3C ASX announcement lodged on 28 January 2026 for further information relating to the buy-back. Dexus Convenience Retail REIT is a listed Australian real estate investment trust that owns high-quality Australian service stations and convenience retail assets. As of 31 December 2025, the fund's portfolio is valued at approximately $760 million, predominantly located on Australia's eastern seaboard and leased to leading Australian and international convenience retail tenants. The portfolio has a long lease expiry profile and contracted annual rent increases, delivering the fund a sustainable and strong level of income security. The fund has a conservative approach to capital management with a target gearing range of 25-40%. Dexus Convenience Retail REIT is governed by a majority Independent Board and managed by Dexus (ASX code: DXS), a leading Australasian fully integrated real asset group.