BWP GROUP — Director's Dealing 2007

Mar 1, 2007

Appendix 3Y

Rule 3.19A.2

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	JOHN AMBROSE AUSTIN
Date of last notice	17 FEBRUARY 2006

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

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.

Direct or indirect interest
Nature of indirect inferest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change
No. of securities held prior to change
Class
Number acquired
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

jaa07-001

⁺ See chapter 19 for defined terms.

Part 2 - Change of 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	Wesfarmers Limited Dividend Investment Plan ("the Plan").
Nature of interest	Prohes Pty Ltd as Trustee for the Austin Superannuation Fund, of which John Ambrose Austin is a director and shareholder of Prohes Pty Ltd and beneficiary of the Trust together with Janet Austin, has become a participant in the Plan under which it has a right to receive shares in the company whenever it is determined dividends can be applied towards the purchase of shares under the Plan.
Name of registered holder	When shares are issued under the Plan they will be
(if issued securities)	registered in the name of Prohes Pty Ltd as Trustee for the Austin Superannuation Fund.
Date of change	27 February 2007
No. and class of securities fo which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	The number of shares that can be issued under the Plan is a function of the number of shares held, the amount of the dividend on those shares and the price of the shares under the Plan.
Interest acquired	As stated in "Nature of interest" above.
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change	As stated in "Nature of interest" above.

$+$ See chapter 19 for defined terms.