CVC LIMITED — Capital/Financing Update 2004

Oct 27, 2004

Chevron Renaissance Shopping Centre

In accordance with the continuous disclosure requirements of Listing Rule 3.1:

On 1 October 2004 the Company advised that the Chevron Developments joint venture, in which it has a 50% interest, had entered into a formal agreement for the sale of the Chevron Renaissance shopping centre, subject to a 30 day due diligence period for the purchaser. At the purchaser's request, the Company has today agreed to allow additional time for the due diligence process to be completed.

The Company will inform the market once the due diligence process is completed.

Alexander Beard Director

28 October 2004