CROMWELL PROPERTY GROUP — Proxy Solicitation & Information Statement 2020

Mar 1, 2020

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Monday 2 March 2020

ASX Market Announcements Office Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

Cromwell Property Group (ASX:CMW) Letter to Cromwell Property Group securityholders

In accordance with ASX Listing Rule 3.17.1, attached is a copy of a letter sent to holders of Cromwell Property Group stapled securities.

Yours faithfully

CROMWELL PROPERTY GROUP

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LUCY LAAKSO

COMPANY SECRETARY

Authorised for lodgement by Lucy Laakso (Company Secretary) and Paul Weightman (Chief Executive Officer).

Media Enquiries:

Honner Media Paul Cheal / Jessica Effeney +61 (0) 427 755 296 / +61 (0) 400 998 373 paul@honner.com.au / jessica@honner.com.au

ABOUT CROMWELL PROPERTY GROUP

Cromwell Property Group (ASX:CMW) is a diversified real estate investor and manager with operations on three continents and a global investor base. As at 31 December 2019, Cromwell had a market capitalisation of $3.1 billion, a direct property investment portfolio valued at $3.2 billion and total assets under management of $11.9 billion across Australia, New Zealand and Europe.

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URGENT – IMPORTANT INFORMATION

• REJECT ARA’S ATTEMPTS TO DISCREDIT AND TAKE CONTROL OF CROMWELL

• STOP ARA’s TAKEOVER BY STEALTH

• IGNORE ARA’S MISLEADING INFORMATION AND UNOFFICIAL PROXY FORM

• TAKE NO ACTION – WAIT FOR CROMWELL’S FORMAL RESPONSE

Monday 2 March 2020

Dear Securityholder

Cromwell Property Group (Cromwell) has received notification that ARA Asset Management (ARA) is calling a securityholder meeting to again push for the election of its nominee, Dr. Gary Weiss, to the Cromwell Board. This is just three months after the majority of those voting rejected his appointment at the AGM in November 2019.

The material prepared by ARA contains incorrect and selective information and their proxy form has again been made to look as though it is being sent to you by Cromwell.

Please take no action and ignore the information sent by ARA.

ARA’s aggressive and hostile attack on Crowmwell lacks any substance. Cromwell has a proven track record of strong performance and has just announced a 59% increase in half-year statutory profits. It has a highly skilled Board and management team, strong governance and will continue to act in the best interest of all securityholders.

Official information from Cromwell will be sent to securityholders shortly. If you have any

questions, please call Cromwell’s Investor Services Team on 1300 268 078 or +61 7 3225 7777, email invest@cromwell.com.au or visit www.cromwellpropertygroup.com.

Yours sincerely

Cromwell Property Group

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