CVC LIMITED — Capital/Financing Update 2005

Jan 30, 2005

团001

Manager, Company Announcements Australian Stock Exchange Limited PO Box H224 Australia Square NSW 1215

ASX Announcement via fax: 1900 999 279

Settlement of Sale of Chevron Renaissance Shopping Centre and Partial Sale of Shares in Sunland Group Limited

Chevron

The Company advises that the previously announced sale of the Chevron Renaissance Shopping Centre by the Chevron Developments joint venture, in which CVC has a 50% interest, was settled by the purchaser on 28 January 2005.

As previously announced on 24 November 2004, the sale will result in a profit on disposal of approximately \$10 million before taxation being recognised by CVC in the current financial year.

Sunland

The Company advises that on Friday 28, 2005, it sold on market 9 million shares in Sunland Group Limited.

The sale of these shares will result in a profit on disposal of approximately \$10 million before taxation being recognised by CVC in the current financial year.

CVC continues to hold approximately 32 million shares in Sunland Group Limited.

Alexander Beard

Director

31 January 2005

CVC Limited
ABN 34 002 700 361
AFSL 239665