EXCELSIOR CAPITAL LTD — Capital/Financing Update 2014

Jan 15, 2014

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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16 January 2014

Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Trading Update

This trading update is based on unaudited management accounts which are subject to finalisation by the Company and review by external auditors. The full interim results will be published by 28 February 2014.

Based on management accounts to December 2013, CMI Limited is expecting a net profit before tax (NPBT) result for the six months to 31 December 2013 of approximately $3.1 million.

Highlights Half Year

Electrical Products Division

CMI Electrical’s performance was heavily influenced by softening demand in the resource sector. This in combination with the weak economic conditions experienced in the lead up to Christmas has impacted Electrical revenues.

Potential growth in the civil infrastructure sector, together with the timing of a recovery in the mining industry, will be the key drivers for growth in demand for Electrical revenues going forward.

TJM Products Division

TJM has also felt the impact of soft economic conditions in the lead up to Christmas. Slowing demand and soft retail conditions in the OEM and the Australian aftermarket led to reduced revenues in TJM in Q2 compared to Q1.

Notwithstanding this disappointing outcome for Q2, TJM is positioned to reverse this trend in the future. The reform program for the TJM business is largely complete, with the Shenzhen manufacturing facility coming on line. This, together with the reforms to the TJM Australian franchise distribution model, more diversified product offerings to our distributors, improved speed to market for new products and expansion of our overseas outlets in high growth markets in Africa, Middle East and South America should result in an improved performance from the TJM business in FY15 - consistent with market expectations.

Corporate

CMI has an ungeared balance sheet and is in a strong position to build value for its shareholders through a combination of selective acquisition of new businesses and investment in the organic growth of our existing businesses where the right opportunities arise. The corporate division result for the half is expected to be in line with the result for the first half of FY13.

Yours faithfully

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Sharyn Williams Company Secretary