CENTURIA CAPITAL GROUP — Capital/Financing Update 2008

May 28, 2008

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VIA ELECTRONIC LODGMENT

29 May 2008 Australian Stock Exchange Company Announcements Platform

CENTURY FUNDS MANAGEMENT (OVER FIFTY GROUP PROPERTY ARM) PROPERTY SALE ACHIEVES 27.2% PER ANNUM TOTAL RETURN

• Successful sale a positive result for investors

• Average return for investors of 27.2% p.a. over 6.5 Year term

• Price achieved in excess of latest valuation

Century is pleased to report the sale, on 19 May 2008, of an industrial property at 4452 Mandoon Road Girraween for $16.75 million.

The property has produced excellent total returns for investors in the fixed term, single property Trust, following its acquisition in November 2001 for $9 million.

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The average annual distribution over the life of the fund has been 12.5% per annum and in addition, investors will obtain $1.95 per unit for each $1 per unit originally invested, equating to a total return of 27.2% per annum.

The reasons for the original purchase included an attractive initial yield of 11% pa, an under rented property which Century has increased, through active asset management, by over 30% from $57.60 per sqm pa to $75 per sqm pa; its strategic location and future redevelopment potential; all factors which have contributed to the strong capital appreciation which has been achieved for investors in this fund. As part of the first market rent review negotiations, Century was able to increase the lease term by 3 years which subsequently has allowed the property to be sold with an unexpired lease term of 8 years, thereby enhancing the saleability and purchase price of the property.

44-52 Mandoon Road, Girraween was sold in accordance with the advice contained in the Information Memorandum, prepared for investors at the time of acquisition of the property,.

Despite the current credit turmoil in global markets, the off market transaction was concluded at a price which was $750,000 in excess of the March 2008 independent valuation.

In a recent press release, Jones Land LaSalle noted “After a slow start to the year, the volume of industrial transaction activity in Sydney appears to be picking up. The impact of rising interest rates, debt funding costs and financial market volatility had blunted investment sales in the first quarter of 2008.”

Over Fifty Group Limited ABN 22 095 454 336

call 1300 50 50 50 fax (03) 9629 3397 visit Level 30, 367 Collins St, Melbourne, Vic 3000. post GPO Box 695, Melbourne, Vic 3001

Mr John Macree, National Director of Industrial Investments at Jones Lang LaSalle, believes that even though overall demand remains down slightly, there is steady demand for properties in the $15 to $30 m price band from private investors, particularly those seeking good yields and potential value add or development upside.

“There are more deals going on than people believe, but the majority of better transactions are being conducted off market. While some buyers are looking for blood in the water, there is not a lot of that around. Solid investments like this one, with a long 8.5 year lease term and quality tenure, are still sought after,” said Mr Macree.

For further details, please contact Century CEO Jason Huljich on 0413 121 121 or (02) 8923 8923.

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