Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2
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 BWP MANAGEMENT LIMITED, the responsible entity for the BWP TRUST

ABN 26 082 856 424

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

FIONA ELIZABETH HARRIS

Date of last notice

20 SEPTEMBER 2013

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

Indirect Interest

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

The registered holder name is:

IOOF Investment Management Limited

.

Nature of interest:

Fiona Harris is a beneficiary of the Barrington and Harris

Superannuation Fund.

Date of change

13 January 2014

No. of securities held prior to change

BWP Trust Units

Indirect

IOOF Investment Management Limited

- LSF A/C>

Superannuation Fund>.

20,000 units

Class

BWP Trust fully paid units

Number acquired

N/A

Number disposed

N/A


+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

nil - not applicable

No. of securities held after change

BWP Trust Units

Indirect

Australian Executor Trustees Limited

Account>

Fund>.

20,000 units

Nature of change

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

Transfer of superannuation fund account to new Trustee.

This is a change of registered holder name only. There was no change to the underlying beneficiaries or to the number of BWP units held by the fund.

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

Nature of interest

Name of registered holder

(if issued securities)

Date of change

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

Interest acquired

Interest disposed

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?

This was a permitted "excluded dealing"

under BWP's Securities Dealing Policy"

If so, was prior written clearance provided to allow the trade to proceed during this period?

N/A

If prior written clearance was provided, on what date was this provided?

N/A


+ See chapter 19 for defined terms.
Appendix 3Y Page 2 01/01/2011

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