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EXCELSIOR CAPITAL LTD Board/Management Information 2013

Mar 14, 2013

64816_rns_2013-03-14_87a9679f-587b-4b36-8890-07a4ce776941.pdf

Board/Management Information

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CMI Limited ABN 98 050 542 553 150 Robinson Road Geebung Qld 4034 Australia Postal address: PO Box 716 Virginia Qld 4014 Australia Telephone: (07) 3865 9969 Facsimile: (07) 3865 3677 Email: [email protected] Web: www.cmilimited.com.au

15 March 2013

Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

BOARD CHANGES

CMI Limited announces the following Board changes.

The Chairman, Mr Colin Ryan, has now been sentenced in the proceedings under section 58 of the New Zealand Securities Act referred to in the Company’s announcement on 18 February 2013. He has stepped down from the Board and from his executive role as required by the New Zealand court, and to comply with Australian corporations law.

In the interim, Mr Danny Herceg will assume the Chairmanship of the Board. The Company’s CFO, Ms Sharyn Williams, has been appointed to the Board as Finance Director. The Company will appoint a further independent director and will update the market once this occurs.

The senior executive team will continue to manage the business of the Company, under the guidance of the Board.

Yours Faithfully

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Sharyn Williams Company Secretary