BWP GROUP — Director's Dealing 2011

Mar 24, 2011

Appendix 3Y Change of Director’s Interest Notice

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 30/09/01 Amended 01/01/11

Name of entity	BUNNINGS PROPERTY MANAGEMENT LIMITED, the responsible entity for
	theBUNNINGS 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	25 February 2011

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	Indirect Interest	Indirect Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Invia Custodian Pty Limited . John Ambrose Austin is the beneficiary of this superfund account together with his spouse Janet Austin
Date of change	24 March 2011
No. of securities held prior to change	Bunnings Warehouse Property Trust Units
	Indirect Invia Custodian Pty Limited . John Ambrose Austin is the beneficiary of this superfund account together with his spouse Janet Austin	246,748 units
	Wesfarmers Limited fully paid ordinary shares:
	Indirect Invia Custodian Pty Limited . John Ambrose Austin is the beneficiary of this superfund account together with his spouse Janet Austin	7,425 shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Bunnings Warehouse Property Trust fully paid units	Bunnings Warehouse Property Trust fully paid units
Number acquired	49,219 ordinary fully paid units
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$1.70 per fully paid unit
No. of securities held after change	Bunnings Warehouse Property Trust Units
	Indirect Invia Custodian Pty Limited Super Fund A/C>. John Ambrose Austin is the beneficiary of this superfund account together with his spouse Janet Austin	295,967 units
	Wesfarmers Limited fully paid ordinary shares:
	Indirect Invia Custodian Pty Limited Super Fund A/C>. John Ambrose Austin is the beneficiary of this superfund account together with his spouse Janet Austin	7,425 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	Issued under the Bunnings Warehouse Property Trust non- renounceable pro-rata entitlement offer announced on 17 February 2011

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 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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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