CAR GROUP LIMITED — Capital/Financing Update 2011

Mar 6, 2011

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NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

7 March 2011

Nine Entertainment Co. announces sale of shares in carsales.com Limited

ACP Magazines Limited ( ACP Magazines ), a subsidiary of Nine Entertainment Co. Holdings Pty Limited ( Nine Entertainment Co. ) today announced that it sold its 49.1% shareholding in carsales.com Limited ( carsales ) pursuant to a block trade to a broad range of institutional and sophisticated investors at a price of $4.92 per share. The sale was underwritten by UBS AG, Australia Branch.

CONTACT:

Patrick O'Sullivan Director ACP Magazines Limited

IMPORTANT NOTICE

This release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or to any U.S. Person (as defined in Regulation S under the Securities Act of 1933 (the “Securities Act”). The shares issued in the offering have not been, and will not be, registered under the Securities Act or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold in the United States, or to persons that are, or are acting for the account or benefit of, U.S. Persons unless the shares have been registered under the Securities Act, or an exemption from registration is available.

ACP Magazines Ltd. ABN 18 053 273 546 54 Park Street, Sydney NSW 2000 GPO Box 4088 Sydney NSW 2001 TEL 61 2 9282 8000 www.acpmagazines.com.au