CVC LIMITED — Share Issue/Capital Change 2007

Oct 28, 2007

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CVC Long Term Incentive Plan

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On behalf of the Board of Directors of CVC Limited (ASX: CVC) I wish to announce that in accordance with the terms of the CVC Limited Employees Share Incentive Plan the shares that have been issued under the Plan that have a end date of 27 October 2007 have vested. The Directors were mindful that the Net Asset Value of the company has increased by approximately 27% per annum over the period between 27 October 2004 and 27 October 2007.

CVC Limited is a diversified investment company that is focused on a combination of diversified listed investments, direct property and private equity, and it operates a growing funds management business, and is developing its Corporate Finance operation. The CVC Group has Total Assets Under Management in excess of $400 million.

Enquiries

Vanda Gould - + 61 2 9087 8000

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