CVC LIMITED — Capital/Financing Update 2014

Jun 12, 2014

==> picture [175 x 53] intentionally omitted <==

13 June 2014

Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000

By: e-lodgement

Attention: Company Announcements Office

Divestment and Business Update

CVC Limited (‘CVC’) (ASX: CVC) advises that the CVC Group has today entered into an agreement to sell its 50% stake in Ron Finemore Transport Pty Ltd (RFT) back to RFT, payment for which is to be by way of a combined RFT note issue and selective share buyback. Undertaking the divestment in this manner was determined to be the most expedient mechanism to meet the objectives of the shareholders and stakeholders of RFT and CVC.

The agreement provides for 50% of the stake to be bought back immediately with the remaining 50% of the stake to be bought back progressively within five years. The buyback will consist of an initial payment of $10 million, with the balance to be acquired based on a further $10 million initial price increasing by approximately 8% per annum.

CVC has held its investment in RFT, alongside the Finemore family, since 2004 when RFT bought the Lewington Transport business out of receivership, and it has been a highly successful investment. CVC is delighted to have been able to facilitate the development of RFT into a significant transport business in the Eastern States of Australia.

Considering the divestment of RFT and in view of other investment and operational activities, CVC is currently expected to achieve a net profit after tax in excess of $20 million for the year ending June 30, 2014. However, the final result for the 2014 financial year is still subject to timing of investment realisations and any adjustments, including in respect of any impairments, arising from completion of the final year-end processes and audit.

John Hunter Company Secretary

CVC Limited Level 6 T 02 9087 8000 ABN34 002 700 361 1 Alfred Street F 02 9087 8088 AFSL 239665 Sydney NSW 2000 www.cvc.com.au