ARIADNE AUSTRALIA LIMITED — M&A Activity 2012

Jun 28, 2012

29 June 2012

ASX Market Announcements Australian Stock Exchange Limited

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via ASX Online

CONTINUOUS DISCLOSURE ANNOUNCEMENT

ACQUISITION OF WATPAC’S 50% INTEREST IN STAYMINT

Ariadne Australia Limited (“Ariadne”) is pleased to announce that, through its wholly owned subsidiary, Peramist Pty Ltd, it has today completed a transaction with Watpac Developments Pty Ltd (“Watpac”) to acquire its 50% interest in StayMint Pty Ltd (“StayMint”).

StayMint is a building management and accommodation provider, primarily in the serviced apartment sector. StayMint trades under the “Mint” brand, which is a well-recognised and respected accommodation brand. The acquisition of Watpac’s 50% interest will enable Ariadne to broaden StayMint’s accommodation service base in key locations in Australia. A wholly-owned StayMint provides Ariadne with a strong cash flow business that will form the basis of Ariadne’s future expansion in the management of serviced apartments and similar properties in key eastern seaboard locations.

The acquisition will result in a net gain on Business Combination for Ariadne in the year ended 30 June 2012.

Yours faithfully

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MURRAY BOYTE

Chief Executive Officer Ariadne Australia Limited

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For further information, please contact: Mr Murray Boyte Chief Executive Officer Ariadne Australia Limited Ph: 07 3225 4866

Ariadne Australia Limited ACN 010 474 067 ABN 50 010 474 067 Level 20, 39 Martin Place Sydney NSW Australia, 2000

T +61 2 8227 5500 F +61 2 8227 5511 www.ariadne.com.au