Westfield Group (ASX:WDC) announcement of estimated Westfield Group distribution

02 February 2006

Countries: Australia

We are pleased to announce an estimated distribution for the Westfield Group for the six month period ended 31 December 2005.

Estimated distribution per ordinary stapled security: 55.50 cents per WDC stapled security
Estimated distribution per DRP stapled security: 36.80 cents per WDCNB stapled security
Stapled securities trade ex-distribution: Tuesday 7 February 2006
Record Date: Monday 13 February 2006 (5.00pm)
Payment Date: Tuesday 28 February 2006

The announcement of the Westfield Groups results for the period ended 31 December 2005 (and lodgement of the Appendix 4E) will be made on Monday, 20 February 2006. That announcement will include exact details of the distribution rate.

The Westfield Groups Distribution Reinvestment Plan (DRP) will operate for this distribution. The DRP price announcement will be made on Monday, 27 February 2006. The DRP participation deadline will be 5.00 pm, Monday, 13 February 2006. Confirmation of any pro-rata scale back in participation will be announced shortly after the Record Date.

The estimated distribution for the Westfield Group for the 12 months to 31 December 2005 is therefore 106.57 cents per WDC stapled security, taking into account the distribution of 51.07 cents which was paid in respect of the 6 months to 30 June 2005.

Yours faithfully


Simon Tuxen Company Secretary