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CVC LIMITED M&A Activity 2006

Feb 1, 2006

64728_rns_2006-02-01_e03e1d31-834f-4012-a76f-3c5db9c8097e.pdf

M&A Activity

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

ASX Announcement

Acquisition of Responsible Entity for Taragon Property Fund (ASX Listed: TPG)

Further to the announcement made on 8th of December 2005, CVC is pleased to announce that it has completed the acquisition of Taragon Management Limited, the responsible entity for Taragon Property Fund (ASX Listed: TPG) and the purchase of 2,940,002 units in Taragon Property Fund.

Alexander Beard Chief Executive Officer

2 February 2006