CVC LIMITED — Capital/Financing Update 2007

Apr 23, 2007

23 April 2007

Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000

By: e-lodgement

Attention: Company Announcement

Completion of Acquisition of Austlink Business Park Lifestyle Retail Site

The Directors of CVC Property Managers Limited, the Manager of the listed CVC Trinity Property Fund (ASX: CJT), are pleased to announce the acquisition of the Lifestyle Retail site located in the Austlink Business Park at Belrose New South Wales for a combined \$6,000,000 cash and 43,750,000 units at \$0.16 per unit in CJT. In accordance with the unitholders meeting held on 21 December 2006 an additional 12,500,000 units to be issued at \$0.16 per unit or cash of \$2,000,000 is payable contingent on the results of the project.

The Fund has applied for the quotation of the additional shares and expects the grant of quotation to be given by 26 April 2007.

Attached is a compliance notice given under section $708A(5)(e)$ of the Corporations Act 2001.

The Belrose Lifestyle Retail site is the cornerstone asset of CJT with the future strategy to grow the fund to \$200 million in the medium term. The Manager is currently evaluating several other acquisitions that could be purchased by the Fund.

CVC Property Managers Limited is a joint venture between listed investment group CVC Limited (ASX: CVC) and the rapidly growing listed diversified property group Trinity Group (ASX: TCO).

For further information please contact:

	Geoffrey Leaver Chairman, CVC Property Managers Limited 02 9087 8000
Bruce Baker	Head of Property, Trinity	07 3221 1221

John Hunter Company Secretary

21 March 2007

CVC Property Managers Limited ACN 066 092 028 AFSL 229809

Level 42, AAP Centre 259 George Street Sydney NSW 2000

T 02 9087 8000 F 02 9087 8088 www.cvc.com.au

Compliance notice given under section 708A(5)(e) of the Corporations Act 2001

Notice is given by CVC Trinity Property Fund (the Fund) under section 708A(5)(e) of the Corporations Act 2001 (Act) that:

$\mathbf{1}$ As at the date of this notice, the Company has complied with:

• $1.1$ The provisions of Chapter 2M of the Act as they apply to the Fund; and
• $1.2$ section 674 (Continuous Disclosure - listed disclosing entity bound by a disclosure requirements in market listing rules) of the Act.
• $\overline{2}$ As at the date of this notice, there is no excluded information, as defined in section 708A(7) of the Act, which is required to be disclosed by the Fund.

This notice is dated 23 April 2007 and has been given within 5 business days after the day on which the shares were issued by the Fund.

. . . . . . . . . . . . . . . . . . . .

CVC Trinity Property Fund Geoffrey Leaver Chairman

Level 42, AAP Centre 259 George Street Sydney NSW 2000

T 02 9087 8000 F 02 9087 8088 www.cvc.com.au