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BWP GROUP Notice of Dividend Amount 2008

Dec 9, 2008

64592_rns_2008-12-09_2494e32f-2588-4310-85db-8be326b9de13.pdf

Notice of Dividend Amount

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ARSN 088 581 097

10 December 2008

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Correction to Dates – December 2008 Distribution Estimate

The attached December distribution estimate announcement contains three corrected dates. References to the 2008 year have been replaced by 2009 in respect of the scheduled Board meeting date for consideration of the actual distribution, and the expected payment and notification dates.

For further information please contact:

Karen Lange Company Secretary, Bunnings Property Management Limited

Telephone: (08) 9327 4318 E-mail: [email protected] Website: http://www.bwptrust.com.au/

10 December 2008

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ARSN 088 581 097

December 2008 Distribution Estimate

The Directors of Bunnings Property Management Limited, the responsible entity for the Bunnings Warehouse Property Trust, today announced the following distribution details for the six month period to 31 December 2008.

The ex-distribution date is 23 December 2008, and the record date is 31 December 2008.

In accordance with the Trust’s constitution all distributable profit will be distributed. The estimated distribution, based on unaudited accounts, is 6.65 cents per unit.

The actual distribution will be considered at a meeting of the Bunnings Property Management Limited board scheduled for 10 February 2009 and payment of the distribution is expected to be made on 27 February 2009.

The advice to be sent to unitholders with payment in February 2009 will include an estimate of the tax advantaged component of the distribution.

The distribution will be subject to the Trust’s distribution reinvestment plan (“DRP”), which is open to all unitholders whose addresses are in Australia or New Zealand. Applications to participate in, cease or vary participation in the DRP will need to be correctly completed and lodged by 5.00pm (WDST) on 31 December 2008 if they are to apply to this distribution. For further information please go to the Investor Relations, Distribution Reinvestment Plan section of the Trust’s website,

http://www.bwptrust.com.au/drp or contact the registry, Computershare at - https://www au.computershare.com/investor or telephone 1300 136 972 (within Australia).

For further information please contact:

Grant Gernhoefer

General Manager, Bunnings Property Management Limited

Telephone: (08) 9327 4318 E-mail: [email protected] Website: http://www.bwptrust.com.au/