BWP GROUP — Director's Dealing 2007

Dec 5, 2007

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final 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.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	WILLIAM HOWITT CAIRNS
Date of last notice	5 APRIL 2005
Date that director ceased to be director	5 DECEMBER 2007

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

29,089 Bunnings Warehouse Property Trust ordinary units (direct)

• See chapter 19 for defined terms.

Appendix 3Z Page 1

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Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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.

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 interest Note: Provide details of the circumstances giving rise to the relevant interest Bond Street Custodians Limited is the registered holder as nominee for William Howitt Cairns		Number & class of securities 20,000 (indirect) Bunnings Warehouse Property Trust ordinary units	Number & class of securities 20,000 (indirect) Bunnings Warehouse Property Trust ordinary units
		20,000 (indirect)	Bunnings Warehouse Property Trust ordinary units

Part 3 – Director’s interests in contracts

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Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
No. and class of securities to
which interest relates
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• See chapter 19 for defined terms.

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