CROMWELL PROPERTY GROUP — Capital/Financing Update 2009

Jul 8, 2009

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ASX Announcement July 9, 2009

SETTLEMENT OF ENERGEX BUILDING AND REFINANCE OF REMAINING 2009 DEBT

Cromwell Group is pleased to advise that today the Cromwell Riverpark Trust ARSN 135 002 336 (“CRT”) an unlisted single property trust managed by Cromwell Group, settled its acquisition of the land at 33 Breakfast Creek Road in Newstead, Brisbane. A commercial building is currently being constructed on the land for Energex Limited, who will occupy 93% of the property on completion under a 15 year agreement for lease.

On 30 June 2009, Cromwell issued a supplementary product disclosure statement updating the Product Disclosure Statement (“PDS”) for the CRT which extended the offer period for units in the CRT until 31 December 2009.

Notwithstanding the extended offer period, Cromwell has advanced the CRT approximately $26 million to enable settlement of the land to occur as soon as possible. Additional funds raised under the PDS will be used to repay the advance. In the meantime, Cromwell Group will earn a return equivalent to the CRT distribution rate (currently 8.25%pa). Pursuant to a subscription agreement entered into by Cromwell, any remaining amount owed to Cromwell at 31 December 2009 will convert to class A units in the CRT.

Cromwell has had a very positive response to the capital-raising to date with over $55 million raised since March 2009, and expects to complete the balance of the $91 million capital-raising well before 31 December 2009. If that is the case then the Cromwell advance will be fully repaid and Cromwell will not hold any units in the CRT.

Cromwell Group has funded the advance from existing resources and expects to earn fees from the transaction during FY10.

The Group is also pleased to announce that it has today refinanced the debt facility secured against the Synergy Building in Brisbane with the existing financier for an additional 2 year term until July 2011 resulting in the Group having no debt facility expiries until March 2011.

Investors:

For further information, please contact a member of our investor service team on 1800 334 533.

Media Enquiries: Paul Weightman on (07) 3225 7777 or 0411 111 028

Issued by Cromwell Corporation Limited (ABN 44 001 056 980) and Cromwell Property Securities Limited (ABN 11 079 147 809, AFSL 238052) (“CPSL”) as responsible entity for Cromwell Diversified Property Trust (ABN 30 074 537 051, ARSN 102 982 598). This communication has been prepared without taking into account your objectives, financial situation or needs. Therefore, in deciding whether to acquire or continue to hold an investment in Cromwell Group you should consider, with or without your financial advisor, whether the investment fits your objectives, financial situation or needs. Forecasts are not a guarantee of future performance and actual returns could differ materially from those expressed.

Cromwell Corporation Limited ABN 44 001 056 980 Cromwell Property Securities Limited ABN 11 079 147 809 AFSL 238052 as responsible entity for Cromwell Diversified Property Trust ABN 30 074 537 051 ARSN 102 982 598 Level 19, 200 Mary Street, GPO Box 1093, Brisbane QLD 4001 Telephone 07 3225 7777 Facsimile 07 3225 7788 Email cromwell@cromwell.com.au Internet www.cromwell.com.au