BWP Trust : Taxable components final distribution to 30 June 2018

1 August 2018

The Manager

Market Announcements Office Australian Securities Exchange 20 Bridge St

Sydney NSW 2000

Dear Sir

Estimated taxable components of the final distribution for the half-year ended 30 June 2018

The following are details of the BWP Trust final distribution for the half-year ended 30 June 2018, including the taxable components, shown as cents per unit.

Ex-date:	28 June 2018
Record date:	29 June 2018
Date payable:	24 August 2018
Distribution per unit:	9.03 cents per unit

Tax deferred component

Interest component

Rental income

Total distribution (cents per unit)

* all amounts are shown as cents per unit

Total cash	Component	Component
distribution	subject to	subject to other
fund payment	non-resident
Australian income	withholding	withholding
2.15425	-	-
0.00822	-	0.00822
6.86753	6.86753	-
9.03000	6.86753	0.00822

This distribution includes a "Fund Payment" of 6.86753 cents per unit, pursuant to Subdivision 12-H of Schedule 1 of the Taxation Administration Act 1953.

BWP Trust declares that it is a managed investment trust for the purposes of Subdivision 12-H of Schedule 1 of the Taxation Administration Act 1953, in respect of the financial year ending

30 June 2018.

Australian resident unitholders should not rely on this notice for the purpose of completing their income tax returns. Details of the full-year components of distributions will be provided in the annual tax statement, which will be sent to unitholders in August 2018.

K A Lange

Company Secretary