CEDAR WOODS PROPERTIES LIMITED — Director's Dealing 2010

Sep 2, 2010

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September 3, 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 Paul Sadleir.

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.

section 205G of the Corporations Act.
	PAUL STEPHEN SADLEIR
Name of Director
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.

	f a trust, this includes interests in the trust madese of a coman interests which come within arara	available by the responsible entity of the trusth (i) of the definition of “notifiable interest of a director” should be disclosed in this art	available by the responsible entity of the trusth (i) of the definition of “notifiable interest of a director” should be disclosed in this art	available by the responsible entity of the trusth (i) of the definition of “notifiable interest of a director” should be disclosed in this art
	py, pg	p.Direct
Direct o	r indirect interest		Direct
Nature(includiNote: Providinterest.	f indirect interest		N/A
	ng registered holder)e details of the circumstances giving rise to the relevan	t
Date of	hane		03 Setember 2010
	g		p
No. of se			818118
	curities held prior to change		,
Class			ORDINARY
Number	acquired		40,875
Number	disposed		NIL
Value/CNote: If con	onsiderationsideration is non-cash, provide details and estimated va	luation	Issue of shares vesting under the Employee ShareScheme Plan FY2008
No. of securities held after change	curities held after change		858,993
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back			Employee Share Scheme Plan FY2008
	-market trade, off-market trade, exercise of options, ider dividend reinvestment plan, participation in buy-ba	ssue ofck

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