CVC LIMITED — M&A Activity 2006

Nov 28, 2006

29 November 2006

Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000

By: e-lodgement

Attention: Company Announcements

Potential Sale of Investment in Green's Foods Limited

CVC Limited holds 15.9 million ordinary shares in Green's Foods Limited ("Green's"), an Australian public listed company specialising in manufacturing, packaging and distribution of processed foods, in particular blended foods, cereals, snacks and pet food. (ASX code: GFD)

The Board of Directors of Green's announced today that it has reached an agreement with Nestle Australia Limited ("NPPA"), in relation to a takeover offer ("the Offer") by NPPA, for 100% of the shares of Green's for a price of 90 cents per share. The Offer is subject to numerous conditions which are summarised in the Green's announcement and will be fully set out in the Explanatory Booklet when it is issued to shareholders. This includes the exclusion of CVC from voting at the meeting of shareholders to approve the Offer.

In connection with and subject to the Offer, CVC and Guinness Peat Group (Australia) Pty Limited ("GPG") will purchase the consumer foods business and investment in Bestcare prior to completion of the Offer.

According to that announcement, the Offer has the support of Green's directors that are not associated with either CVC or GPG, who intend to recommend that Green's shareholders accept the Offer, in the absence of a superior offer.

If CVC was to sell its Green's shares at 90 cents each, this would give rise to a profit on sale. before tax, of approximately \$6.5 million.

CVC will monitor the progress of the Offer and keep its shareholders informed of any further material developments in this respect.

Alexander Beard Chief Executive Officer

29 November 2006

CVC Limited ABN 34 002 700 361 AFSL 239665

Level 42, AAP Centre 259 George Street Sydney NSW 2000

T0290878000 ₣ 02 9087 8088 www.cvc.com.au