BWP GROUP — Director's Dealing 2005

Sep 15, 2005

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

Name of Director	PETER JOHN JOHNSTON
Date of appointment	15 SEPTEMBER 2005

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

20,523 ordinary shares in Wesfarmers Limited.

pij05-003

⁺ See chapter 19 for defined terms.

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 l	Number & class of Securities
interest Note: Provide details of the circumstances giving rise to the relevant interest.
Peter John Johnston and Maree joint Bernadette Johnston as. registered holders.	25,303 units in Bunnings Warehouse Property Trust
Peter John Johnston and Maree (the Bernadette Johnston PJ Johnston Superannuation Fund). Peter John Johnston is a beneficiary of the Fund.	20,000 units in Bunnings Warehouse Property Trust
Peter John Johnston Maree and ioint Johnston Bernadette as registered holders.	8,490 ordinary shares in Wesfarmers Limited

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	Bunnings Warehouse Property Trust Distribution Reinvestment Plan.
Nature of interest	John Johnston and Maree Bernadette Peter Johnston as joint registered holders. Peter John Johnston and Maree Bernadette are participants in the Johnston Bunnings Property Trust Distribution Warehouse Reinvestment Plan under which they have a right to receive units in the Trust whenever it is determined distributions could be applied towards the purchase of units under the Plan.
Name of registered holder (if issued securities)
No. and class of securities to. which interest relates	The number of units which can be issued under the Bunnings Warehouse Property Trust Distribution Reinvestment Plan is a function of the number of units held, the amount of the distribution on those units and the price of the units under the Plan.

⁺ See chapter 19 for defined terms.