CTI LOGISTICS LIMITED — Fund Information / Factsheet 2005

Sep 28, 2005

ABN 69 008 778 925

1 Drummond Place West Perth WA 6005

Postal Address PO Box 400 West Perth Western Australia 6872 Telephone (08) 9227 6333 Facsimile (08) 9227 8000 Email corporate@ctilogistics.com Web www.ctilogistics.com

29 September 2005

Dear Shareholder

On 13 September 2005, the Company released its annual results to the Australian Stock Exchange in respect of the 2004-05 financial year. I apologise for the delay in writing to you, but I was away at the time.

Net profit for the year was \$1,818,000, on revenue of \$55,985,000. Earnings per share was 7.77 cents, and a fully-franked dividend of 1.5 cents per share will be paid to shareholders on 22 December 2005, bringing the total dividend to 3 cents per share for the full 2004-05 financial year.

Revenue was down from the \$74,302,000 reported in the 2003-04 year, reflecting the previously reported sales of businesses. While reported profit was also down, the prior year profit was impacted by one-off profits from the sale of businesses (\$870,000) and an adjustment to deferred tax balances on the implementation of tax consolidation (\$1,136,000).

The Company is continuing to offer to buy any CTI shares that you may wish to sell. The current share buy-back of up to 15% of the Company's share capital, approved by shareholders in January, has so far resulted in the purchase of 900,572 shares, which have been cancelled. If you wish to participate, please contact the Company's purchasing stock broker, Euroz Securities (08) 9488 1400, in Perth.

Yours faithfully

DAVID WATSON EXECUTIVE CHAIRMAN