CEDAR WOODS PROPERTIES LIMITED ABN 47 009 259 081

Level 4, Zurich House, 66 Kings Park Road, West Perth Western Australia 6005

P.O. Box 788 West Perth 6872 Telephone: (08) 9480 1500 Facsimile: (08) 9480 1599

30 April 2007

Australian Stock Exchange Limited Exchange Centre, Level $4$ , 20 Bridge Street Sydney NSW 2000.

Dear Sir / Madam,

DIRECTOR'S INTEREST NOTICE

Please find attached a 'Change of Director's Interest Notice' for Mr. Ron Packer, Mr Dwane Buckland and Mr William Hames.

Yours faithfully,

Paul freed

Paul Freedman, Company Secretary

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 30/9/2001.

Name of entity CEDAR WOODS PROPERTIES LIMITED

ABN 47 009 259 081

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	RONALD PACKER
Date of last notice	26 October 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

Direct or indirect interest	Indirect

Nature of indirect interest	Shares held by director related
(including registered holder)	company
Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	20 April 2007

No. of securities held prior to change	20,403

Class	ORDINARY

Number acquired	291

Number disposed	NIL

Value/Consideration	\$4.91 per share
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	20,694


Nature of change	Acquired under dividend reinvestment plan.
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Rule 3.19A.2

Part 2 - Change of director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

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 CEDAR WOODS PROPERTIES LIMITED
ABN 47 009 259 081

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	DWANE PATRICK BUCKLAND
l Date of last notice l	27 October 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

Direct or indirect interest	Direct and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares held by director related entity.
Date of change	20 April 2007
No. of securities held prior to change	31,577 shares held directly. 3,789 shares held indirectly.
Class	ORDINARY
Number acquired	504
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$4.91 per share
No. of securities held after change	32,027 held directly. 3,843 held indirectly.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Shares acquired under dividend reinvestment plan.

⁺ See chapter 19 for defined terms.

Part 2 - Change of director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation.	N/A
Interest after change	N/A

$+$ See chapter 19 for defined terms.

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 CEDAR WOODS PROPERTIES LIMITED ABN 47 009 259 081

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.

l Name of Director.	WILLIAM G HAMES
Date of last notice	28 April 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

Direct or indirect interest	Direct and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares held by director related entities.
Date of change	20 April 2007
No. of securities held prior to change	258,758 shares held directly. 7,323,820 shares held indirectly.
Class	ORDINARY
Number acquired	69.989
Number disposed	NII.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$4.91 per share
No. of securities held after change	258,758 held directly. 7,398,809 held indirectly
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Shares acquired under dividend reinvestment plan

⁺ See chapter 19 for defined terms.