CROMWELL PROPERTY GROUP — Capital/Financing Update 2010

Aug 22, 2010

ASX Announcement 23 August 2010

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CROMWELL PORTFOLIO REBALANCING CONTINUES

Cromwell Group (ASX code: CMW) today announced that it has completed settlement of its acquisition of the Qantas Headquarters building, (“Qantas HQ”), in Mascot, NSW.

Qantas HQ was acquired for $143 million and enhances the Group’s existing portfolio quality and provides an additional weighting to the promising Sydney office market.

The Group has also entered into an unconditional contract to sell Village Cinema Centre (“Village Hobart”) in Hobart, TAS.

Village Hobart is being sold for $15.9 million, which is equivalent to its 30 June 2010 book valuation and represents a 2% premium to the property’s last independent valuation in December 2009. Settlement is expected to occur on 30 September 2010.

Cromwell Group CEO, Paul Weightman said, “Village Hobart was considered a noncore asset by the Group. Its sale represents the continuing rebalancing of the Group’s portfolio to quality assets such as Qantas HQ which we believe will provide the best medium term risk adjusted return to securityholders”.

Cromwell’s portfolio following the Qantas HQ acquisition and Village Hobart sale has a weighted average lease term of 6 years, an occupancy level of 94.4% and receives 89% of its income from government and blue chip tenants.

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) and Cromwell Property Fund (ARSN 119 080 410) . This communication has been prepared without taking into account your objectives, financial situation or needs. Units in the Cromwell Property Fund are issued by CPSL. in deciding whether to acquire or continue to hold an investment in Cromwell Group or any Cromwell fund, you should assess, with or without your financial advisor, whether the investment fits your objectives, financial situation or needs.

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

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