ABACUS GROUP — Board/Management Information 2008

Feb 13, 2008

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ASX ANNOUNCEMENT

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Abacus new appointments

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Abacus Property Group is pleased to announce the appointment of Cameron Laird to the position of Director - Joint Ventures.

Cameron brings a wealth of knowledge to the Group with over 25 years experience in the property industry. Prior to joining the Group, Cameron held senior positions with Multiplex, Ronin Property Group and AMP in both Australia and New Zealand.

In his role as Director - Joint Ventures Cameron will focus on building the development joint venture business by overseeing current projects and fostering new joint venture partnerships.

In addition, Abacus is also pleased to announce that Vivienne Bower will be joining in a part-time capacity to assist with the Group’s investor relations requirements. Vivienne has over 11 years experience in investor relations and was most recently Group General Manager, Communications with Multiplex.

Enquiries should be directed to:

Ellis Varejes Company Secretary 61 2 9253 8600

14 February 2008