EXCELSIOR CAPITAL LTD — Capital/Financing Update 2010

Jun 23, 2010

CMI Limited ABN 98 050 542 553 497 Bilsen Road Geebung Qld 4034 Australia Postal address: PO Box 716 Virginia Qld 4014 Australia Telephone: (07) 3865 9969 Facsimile: (07) 3865 3677 Email: corporate@cmilimited.com.au Web: www.cmilimited.com.au

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24 June 2010

Australian Stock Exchange Limited Level 6, Riverside Centre 123 Eagle Street BRISBANE QLD 4000

Profit Guidance

CMI Limited (ASX code: CMI and CMIPC) today issues profit guidance to the market for the year ending 30 June 2010.

The company considers the receivable from CMI Industrial Pty Ltd, carried on the books at $16.5m, is impaired to the extent of $8.0 million, leaving a carrying value of $8.5 million. This impairment decision is based on a review of the general market conditions in the automotive sector in which the debtor operates and the likelihood of the receivable being repaid in full at maturity.

The debtor remains obliged to pay monthly interest on the face value of the receivable of $17.0 million. The receivable matures on April 2011.

The company forecasts, after this impairment, that it will make a profit after tax in the range of a break even result to $1.0 million for the year ended 30 June 2010. This result includes an insurance recovery relating to the TJM warehouse fire of $1.0 million after tax, which at this stage is only an estimate.

Due to the above impairment the Directors have resolved not to declare a quarterly dividend to the holders of its Class A shares for the quarter ending 21 August 2010.

Yours Faithfully

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Sharyn Williams Company Secretary