EXCELSIOR CAPITAL LTD — Capital/Financing Update 2011

Feb 27, 2011

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: corporate@cmilimited.com.au Web: www.cmilimited.com.au

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28 February 2011

The Company Announcements Office ASX Limited Level 6, Riverside Centre 123 Eagle Street BRISBANE QLD 4000

Announcement of strategic intentions and Dividend Guidance

CMI Limited (ASX:CMI) today announced its strategic intention of expanding the company’s current business operations by actively seeking acquisitions and growth opportunities that are compatible with the core businesses of the company while continuing its focus on the organic growth of those core businesses both domestically and internationally.

To carry out this intent, the Company has decided to continue to strengthen its balance sheet and to maximise its cash position at least until after its review of the 2013 financial year results. Therefore the Board has adopted a Dividend Policy that will consolidate that cash position. The Board is not expected to declare dividends to the Class A or the Ordinary shareholders until after 30 June 2013. After then, the Board will review this Policy to determine whether the Policy should continue for a further period.

The Board’s decision is intended to enable the CMI businesses to grow in size and profitability to a level that will allow the Board, in the future, to resume appropriate dividend distributions to all shareholders while maintaining a prudent dividend payout ratio.

In accordance with its review obligations, the Board will continue, on a quarterly basis, to assess the appropriateness of declaring and paying a dividend for Class A shares. However, in doing so, the Board will take into account its announced Dividend Policy.

Yours faithfully,

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Sharyn Williams Company Secretary