BWP GROUP — Director's Dealing 2014

Jan 19, 2014

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	BWP MANAGEMENT LIMITED, the responsible entity for the BWP 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 FIONA ELIZABETH HARRIS Date of last notice 20 SEPTEMBER 2013

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 therelevant interest.	The registered holder name is:IOOF Investment Management Limited <IIML – LSF A/C>.Nature of interest:Fiona Harris is a beneficiary of the Barrington and HarrisSuperannuation Fund.
Date of change	13 January 2014
No. of securities held prior to change	BWP Trust Units
	IndirectIOOF Investment Management Limited <IIML–LSFA/C><BarringtonandHarrisSuperannuation Fund>.	20,000 units
Class	BWP Trust fully paid units
Number acquired	N/A
Number disposed	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration
Note: If consideration is non-cash, provide details and	nil - not applicable
estimated valuation
No. of securities held after change	BWP Trust Units
	Indirect
	Australian Executor Trustees Limited<No.1	20,000
	Account> <Barrington and Harris Superannuation	units
	Fund>.
Nature of changeExample: on-market trade, off-market trade, exercise of	Transfer of superannuation fund account to new Trustee.
options, issue of securities under dividend reinvestment	This is a change of registered holder name only. There was no
plan, participation in buy-back	change to the underlying beneficiaries or to the number of BWP
	units held by the fund.

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 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

Were the interests in the securities or contracts detailed	This was a permitted “excluded dealing”
above traded during a+closed period where prior written	under BWP’s Securities Dealing Policy”
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011