CEDAR WOODS PROPERTIES LIMITED — Director's Dealing 2011

Nov 3, 2011

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4 November 2011

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 William Hames.

Yours sincerely

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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 30/09/01 Amended 01/01/11

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.

	WILLIAM G HAMES
Name of Director
Date of last notice	4 May 2011

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	Mr Hames is a director and shareholder of Joia
(including registered holder)	Holdings Pty Ltd and Hamsha Nominees Pty Ltd.
Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr Hames has voting rights over and a first rightof refusal to purchase the shares held by HK
	Poynton.
Date of change	31 October 2011
No. of securities held prior to change	Direct – 244,983
	Joia Holdings Pty Ltd – 1,027,038
	Hamsha Nominees Pty Ltd – 5,563,398
	HK Poynton – 2,014,439
Class	ORDINARY
Number acquired	Direct – 8,423
	Joia Holdings Pty Ltd – 35,313
	Hamsha Nominees Pty Ltd – 191,292
Number disposed	NIL
Value/Consideration	Issue price of $3.49 per share under Dividend
Note: If consideration is non-cash, provide details and estimated valuation	Reinvestment Plan (DRP) and Bonus Share Plan
	(BSP).
No. of securities held after change	Direct – 253,406
	Joia Holdings Pty Ltd – 1,062,351
	Hamsha Nominees Pty Ltd – 5,754,690
	HK Poynton – 2,014,439
Nature of change	Shares acquired under the DRP – 226,605
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Shares acquired under the BSP – 8,423

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

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearance wasrequired?	N/A
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A