BLACKWALL LIMITED — Director's Dealing 2012

Mar 13, 2012

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 30/09/01 Amended 01/01/11

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.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director JR(Seph)Glew

Date of last notice 5th January 2012

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest Indirect

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Wynn Tresidder Retail Pty Limited‐ (Director has relevant interest pursuant to shareholding). 75,000 shares bought on market. Seno Management Pty Limited < Seno Super Fund> (Director is a director and beneficiary of super fund). 450,000 shares purchased on market. Seno Management Pty Limited< Taipa Trust> ‐(Director has relevant interest pursuant to shareholding). 511,106 shares sold on market. Seno Management Pty Limited < RPT FUND A/C> (Director is a director and beneficiary of super fund). 8,000 shares sold on market.
Date of change	7thMarch 2012 to 9thMarch 2012
No. of securities held prior to change	6,323,035
Class	Ordinary Shares
Number acquired	525,000
Number disposed	519,106
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$1,131
No. of securities held after change	6,328,929
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On Market Trade

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of 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 Not Applicable Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

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