BWP GROUP — Capital/Financing Update 2009

Jul 27, 2009

28 July 2009

==> picture [211 x 57] intentionally omitted <==

ARSN 088 581 097

Extension of existing debt facilities

The Directors of Bunnings Property Management Limited, the responsible entity for the Bunnings Warehouse Property Trust, today announced the extension of two of the Trust’s existing banking facilities. The facilities, $100 million with Commonwealth Bank of Australia and $80 million with Westpac Banking Corporation have been extended until January 2012 and July 2012 respectively.

Other than expiry date and pricing (which is consistent with market pricing) the terms of the facilities remain substantially the same.

For further information please contact:

Grant Gernhoefer

General Manager, Bunnings Property Management Limited

Telephone: (08) 9327 4318 E-mail: ggernhoefer@bwptrust.com.au Website: http://www.bwptrust.com.au/