CEDAR WOODS PROPERTIES LIMITED — Director's Dealing 2010

Nov 3, 2010

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November 4, 2010

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.

Name of Director	ROBERT BROWN
Date of last notice	3 May 2010

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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr Brown is a director and shareholder of BeachCorporation Pty Ltd and Westland GroupHoldings.Mr Brown is a beneficiary of the RS & JP BrownSuper Fund Account.
Date of change	29 October 2010
No. of securities held prior to change	Direct - 3,000Indirect:Beach Corporation Pty Ltd – 4,037,318Westland Group Holdings – 4,917,525RS & JP Brown Super Fund Account – 446,100
Class	ORDINARY
Number acquired	Indirect:Beach Corporation Pty Ltd – 101,427Westland Group Holdings – 109,651RS & JP Brown Super Fund Account – 11,625
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$3.07 per share
No. of securities held after change	Direct 3,000Indirect:Beach Corporation Pty Ltd – 4,138,745Westland Group Holdings – 5,027,176RS & JP Brown Super Fund Account – 457,725
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Shares acquired under the Dividend Reinvestmentplan

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.

	2 – Change of directors interests i	2 – Change of directors interests i	n contracts
	the case of a company, interests which come within paragraph		(ii) of the definition of “notifiable interest of a dire	ctor” should be disclosed in this part.
Deta	il of contract	N/A
Natu	re of interest	N/A
Nam(if is	e of registered holder	N/A
	sued securities)
Date
	of change	N/A
No.interNote:to whi	d l f iti t hih	N/A
	n cass o secures o wcest related prior to change
	Details are only required for a contract in relationch the interest has changed
Inte
	rest acquired	N/A
Inte	t did	N/A
	es spose
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	e/Consideration	N/A
	f consideration is non-cash, provide details and and lti
Interest after change		N/A