CEDAR WOODS PROPERTIES LIMITED — Director's Dealing 2009

Nov 2, 2009

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November 3, 2009 Company Announcements Office Australian Securities Exchange Limited 20 Bridge St Sydney NSW 2000 VIA ASX Online.

Dear Sir / Madam,

DIRECTOR’S INTEREST NOTICE

Please find attached a ‘Change of Director’s Interest Notice’ for Mr. Robert Brown.

Yours faithfully,

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Paul Freedman, Company Secretary.

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 30/9/2001.

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.

	ROBERT BROWN
Name of Director
Date of last notice	16 June 2009

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	Direct and indirect
Nature of indirect interest	Shares held by director related companies
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	30 October 2009
No. of securities held prior to change	Direct 3,000
	Indirect 9,221,856
Class	ORDINARY
Number acquired	259,294
Number disposed	242,445
Value/Consideration	$2.19 per share
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	Direct 3,000
	Indirect 9,238,705
Nature of change	Acquired 259,294 shares under the Dividend
Example: on-market trade, off-market trade, exercise of options, issue of	Reinvestment Plan.
securities under dividend reinvestment plan, participation in buy-back	Off market trades for shares sold.

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	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 whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A