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BWP GROUP Capital/Financing Update 2011

Jul 6, 2011

64592_rns_2011-07-06_c44bf457-8730-409d-98ee-428afc20291a.pdf

Capital/Financing Update

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7 July 2011

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REFINANCING OF EXISTING DEBT FACILITY

The directors of BWP Management Limited, the responsible entity for the BWP Trust, today announce the refinancing of one of the Trust’s existing banking facilities. The $100m facility with the Commonwealth Bank of Australia has been extended until January 2014.

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

For further information please contact:

Grant Gernhoefer

General Manager BWP Management Limited

Telephone: +61 8 9327 3318 E-mail: [email protected] Website: www.bwptrust.com.au