BLACKWALL LIMITED — Director's Dealing 2011

Oct 19, 2011

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity BlackWall Property Funds Limited

ABN 37 146 935 131

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	JR (Seph) Glew
Date of appointment	20 October 2010

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

NIL

• See chapter 19 for defined terms.

11/3/2002

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Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Jagar Holdings Pty Limited Director has a relevant interest pursuant to share holding Seno Management Pty Ltd Director has a relevant interest pursuant to share holding Jagar Property Consultants Pty Limited Director has a relevant interest pursuant to share holding Sao Investments Pty Ltd Director has a relevant interest pursuant to share holding Seno Management Pty Limited **Seno**\ **Super**\ **Fund> Director is director and beneficiary of the superfund. Valview Pty Ltd Director is a director of Valview Pty Ltd and beneficiary of the Trust Bin24 Restaurants Pty Director has a relevant interest pursuant to share holding. I.P.U.T Nominees Pty Limited Director has a relevant interest pursuant to share holding. PRSC Pty Limited Director has a relevant interest pursuant to share holding. Alerik Pty Limited Director has a relevant interest pursuant to share holding.

Number & class of Securities 4,307,500 Ordinary Shares 1,160,157 Ordinary Shares 842,741 Ordinary Shares 585,521 Ordinary Shares 315,000 Ordinary Shares 176,667 Ordinary Shares 20,000 Ordinary Shares 20,000 Ordinary Shares 20,000 Ordinary Shares 8,000 Ordinary Shares

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

Seno Management Pty Limited Director has a relevant interest pursuant to share holding.	8,000 Ordinary Shares

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	NIL
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

• See chapter 19 for defined terms.

11/3/2002

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