CROMWELL PROPERTY GROUP — Capital/Financing Update 2012

Jan 31, 2012

ASX Announcement 1 February 2012

SETTLEMENT OF BUNDALL CORPORATE CENTRE, GOLD COAST

Cromwell Property Group (ASX code: CMW) announces that it has completed settlement of its acquisition of the Bundall Corporate Centre on the Gold Coast.

Bundall Corporate Centre was acquired for $63.4 million, funded by a new debt facility specific to the asset and an existing available and undrawn facility.

Cromwell is particularly familiar with the property, having originally purchased it in December 2005 for $52.9 million. Cromwell went on to sell the property in October 2007 for $106 million. Since then an additional building, the Wyndham Corporate Centre, has been developed on the property.

The property is currently approximately 83% occupied, creating potential for further increases in the property’s net rental income. Further, approximately two thirds of its total land area is being used as car parking and so provides opportunity for further substantial development over time.

Cromwell is confident that those opportunities, combined with its knowledge of the property and potential upside from the Gold Coast market, will allow the property to make a valuable contribution to its property portfolio.

ENDS.

Media Enquiries: Cromwell Securityholder Enquiries: Paul Weightman Investor Services Centre Managing Director/CEO 1800 334 533 (within Australia) +61 411 111 028 +61 7 3225 7777 (outside Australia) pweightman@cromwell.com.au invest@cromwell.com.au

Cromwell Property Group (ASX:CMW) comprising Cromwell Corporation Limited (ABN 44 001 056 980) and 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).

Further information and media releases can be found at the Cromwell website: www.cromwell.com.au