CROMWELL PROPERTY GROUP — Capital/Financing Update 2009

Feb 24, 2009

ASX Announcement February 25, 2009

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CROMWELL OFFERS STAKE IN LANDMARK BRISBANE PROPERTY

Property trust and funds manager Cromwell Group (ASX: CMW) has launched a PDS to raise up to $91 million in its new unlisted Cromwell Riverpark Trust. The Trust has entered into conditional agreements with FKP Property Group to acquire the site at 33 Breakfast Creek Road Newstead, Brisbane on which construction of a 30,904 sqm, A-Grade commercial office and retail building has commenced.

Under the agreements:

• the Cromwell Riverpark Trust will acquire the land, fund the construction and retain the asset upon completion at a total cost of approximately $173 million

• FKP Constructions Pty Ltd will construct the building, with completion expected in June 2010.

The building design was awarded a Six Star Green Star Certified Rating under the Green Building Council of Australia’s Green Star – Office Design v2 rating tool, representing “World Leadership” in environmentally sustainable design.

The building will be part of Gasworks, a master planned mixed use precinct which FKP is developing in “Riverpark in Newstead”, a 17 hectare urban community on the Brisbane River.

The unlisted Cromwell Riverpark Trust is the first of several ‘back to basics’ investment vehicles Cromwell expects to bring to market in 2009, according to Cromwell Group CEO Paul Weightman.

“With world markets continuing to experience volatility and interest rate cuts reducing the returns offered by cash and fixed interest products, we’re creating simple tax effective investment alternatives underpinned by quality Australian commercial property assets,” Mr Weightman said.

“ The Queensland Government owned corporation Energex Limited has pre-committed to 93% of the property for a 15 year lease from the property’s completion.”

“The Riverpark Trust is an outstanding opportunity for people seeking tax effective returns with potential for capital gains. The Trust’s monthly distributions will commence at 8.25%pa moving to 8.5%pa on completion of the Building.”

Cromwell does not intend to hold an equity interest in the Cromwell Riverpark Trust. However, the successful completion of the capital-raising is expected to generate initial and ongoing funds management fees which will have a positive result on Cromwell Group’s earnings in the 2009 financial year.

Cromwell Group is a stapled security comprising Cromwell Corporation Limited and Cromwell Diversified Property Trust. Since 1998 Cromwell has built a property portfolio of over $1.6 billion and established a track record of developing high quality, high yielding investment products and delivering strong returns to investors.

ENDS: Media enquiries to Cromwell Group CEO Paul Weightman on 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) and the Cromwell Riverpark Trust (ARSN 135 002 336). 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 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