BWP GROUP — Director's Dealing 2003

Dec 22, 2003

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 30/9/2001.

Name of entity	BUNNINGS PROPERTY MANAGEMENT LIMITED, the responsible entity for the BUNNINGS WAREHOUSE PROPERTY TRUST
ABN	26 082 856 424

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	GENE THOMAS TILBROOK
Date of last notice	15 FEBRUARY 2002

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

Direct or indirect interest	Direct interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	16 December 2003
No. of securities held prior to change	176,122 shares
Class	Wesfarmers Limited ordinary fully paid shares
Number acquired	6,053 shares
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$26.42 per share
No. of securities held after change	182,175 shares
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 under the οf terms Wesfarmers Limited's Long Term Incentive Plan

gtt03-005

⁺ See chapter 19 for defined terms.

Direct or indirect interest	Indirect interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Gene Thomas Tilbrook is the registered holder as trustee for the G T Tilbrook Family Trust and is not excluded as a beneficiary of the trust.
Date of change	27 August 2002
No. of securities held prior to change	18,691
Class	Wesfarmers Limited ordinary fully paid shares
Number acquired
Number disposed	2,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$30.13 per share
No. of securities held after change	16,691 shares
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

Part 2 - Change of director's interests in contracts

Detail of contract
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

⁺ See chapter 19 for defined terms.