BWP GROUP — Director's Dealing 2024

May 1, 2024

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 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	Danielle Carter
Date of last notice	2 December 2021

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.

==> picture [408 x 292] intentionally omitted <==

----- Start of picture text ----- Direct or indirect interest Indirect interestNature of indirect interest Mr Timothy Adam Carter + Mrs Danielle Cherie(including registered holder) Carter <Carter Family Super A/C> is theNote: Provide details of the circumstances giving rise to the relevant interest. registered holder of the indirect interest in BWPunits.Danielle Carter is a joint trustee and beneficiary ofthe superfund.Danielle Carter is also a director of BWPManagement Limited, the responsible entity forBWP Trust.Date of change 26 April 2024No. of securities held prior to change IndirectMr Timothy Adam Carter + NILMrs Danielle Cherie Carter BWP Trust units<Carter Family Super A/C>Class BWP Trust fully paid unitsNumber acquired 2,700Number disposed N/A----- End of picture text -----

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$9,361.95	$9,361.95	$9,361.95	$9,361.95
No. of securities held after change			IndirectMr Timothy Adam Carter 2,700BWP Trust units
			+Ca	Mrs Daniellerter<Carter	CherieFamily
			Su	per A/C>
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back
	ure of changele: on-market trade, off-markets issue of securities under divi	trade, exercise ofdend reinvestment	O	n-market trade

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

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011