CVC LIMITED — Merger & Acquisition 2007

Feb 21, 2007

22 February 2007

Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000

By: e-lodgement

Attention: Company Announcements

Green's Foods Limited

The Board of Directors of the Australian publicly listed Green's Food Limited (ASX: GFD) have announced today that shareholders have approved the proposed acquisition by Nestle Purina Petcate, a division of Nestlé Australia Limited under a Scheme of arrangement ("Scheme"), as well as the sale of Green's consumer foods business and investment in Bestcare Petfoods Pty Limited to GPG (No. 7) Pty Limited, an entity owned by CVC Limited (ASX: CVC) and Guinness Peat Group (Australia) Pty Limited (ASX: GPG).

Following the approval by shareholders the Scheme is now required to be approved by the Supreme Court of New South Wales at a hearing scheduled for 26 February 2007, and subject to its approval the effective date of the sale will be 27 February 2007 for a price of 90 cents per share.

CVC Limited holds 15.9 million ordinary shares in Green's Foods Limited returning approximately \$14.3 million to allow the acquisition of Green's consumer foods business and investment in Bestcare Petfoods Pty Limited.

The sale will give rise to a profit before tax, of approximately \$6.5 million, which has been included in the previously confirmed forecast profit of \$30 million after tax for the year ended 30 June 2007

John Hunter Secretary

22 February 2007