CROMWELL PROPERTY GROUP — M&A Activity 2010

Nov 10, 2010

ASX Announcement 11 November, 2010

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CROMWELL IN EXCLUSIVE DUE DILIGENCE ON CENTRO SYNDICATES BUSINESS

Cromwell Group (ASX: CMW) has commenced exclusive due diligence of the Centro MCS direct property syndicate funds management business.

Cromwell and Centro intend to work together to allow Cromwell to undertake detailed due diligence, whilst formalising the details of the proposed transaction. The transaction, should it proceed, is expected to take a significant period to implement given the number of syndicates involved, with approvals required from investors in each of the syndicates.

Cromwell CEO Paul Weightman said the primary focus of the transaction was to achieve the best medium term outcome for Centro syndicate investors, while continuing to expand Cromwell’s funds management business.

“The Centro MCS business would be complementary to Cromwell’s existing funds management business, adding scale by bringing together Centro’s detailed knowledge of the existing syndicates with Cromwell’s stable funds management platform and well respected brand,” Mr Weightman said.

Cromwell will update the market with further details on the terms and nature of any proposed transaction at the appropriate time.

ENDS:

Media Enquiries : Paul Weightman Managing Director/CEO +61 411 111 028 paul.weightman@cromwell.com.au

Cromwell Securityholder Enquiries : Investor Services Centre 1800 334 533 (within Australia) +61 7 3225 7777 (outside Australia) invest@cromwell.com.au

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 +61 7 3225 7777 Facsimile +61 7 3225 7788 Email cromwell@cromwell.com.au Internet www.cromwell.com.au

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