CENTURIA CAPITAL GROUP — Capital/Financing Update 2011

Jan 17, 2011

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18 January 2011

Australian Securities Exchange Company Announcements Platform

Century Plans to Replace Opus Capital as Manager of Opus Income & Capital Fund No 21

One of Australia’s most successful property fund managers, Century Funds Management (CFM) - has accepted the request of major unitholders to propose itself before a vote of unitholders to replace Opus Capital as Responsible Entity in the Opus Income & Capital Fund No. 21 (Opus Fund). CFM is a subsidiary of diversified fund manager, the Over Fifty Group Limited.

A large group of unitholders in the Opus Fund, have authorised the convening of a unitholder meeting next month to consider the appointment of CFM as replacement RE/manager of the fund which holds about $240 million worth of commercial property in Queensland and Victoria.

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The move at Opus follows investors in Becton Office Fund No 2 and Becton Diversified Direct Property Fund (assets totalling $240 million) voting last September to appoint Century as the replacement RE/manager for both funds.

At a Becton unitholder meeting in December 2010, Century reported a significant increase in forecast distributions for both funds (one forecast quadrupling) and receipt of offers for the $100 million of fund debt for the next three years, bringing much needed stability to the funds. On this basis, Becton unitholders overwhelmingly agreed to extend the terms of both funds for three years, an achievement reached within 90 days of CFM's appointment.

CEO of CFM’s parent group Over Fifty Group Ltd, Mr John McBain said, "The issue of unitholders exercising their absolute right to select a manager of their choice is a fundamental component of agreeing to invest in the first place.”

“Century has agreed to stand as a replacement manager at many Opus unitholders’ request and believes the process will provide a healthy avenue for unitholders to express their views on the future of the fund,” he added.

If elected at the meeting of Opus unitholders next month, CFM proposes to immediately replace Opus as Responsible Entity and separate the Opus Fund completely from the Opus group.

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

CFM also proposes to investigate all related party transactions, seek to arrange an underwritten entitlement offer with a view to securing restructured financing terms and provide fund stability, avoiding a break-up of fund assets in a weak market.

Mr McBain concluded, “There appear to be many financial planners and unitholders keen to improve returns in funds such as the two Becton funds and the Opus fund mentioned above through the appointment of financially stable and experienced managers. We expect to see more of these situations as the year progresses”.

At its November 2010 Annual General Meeting, Over Fifty Group shareholders voted to change the name of the parent company to Centuria Capital Limited and this change will be effected in March 2011.

For Further Information Call:

Investors: John McBain - Chief Executive Officer – +61 2 8923 8923 Media: Tim Allerton - City PR – +61 2 9267 4511

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