EXCELSIOR CAPITAL LTD — Capital/Financing Update 2015

Nov 23, 2015

CMI Limited ABN 98 050 542 553 485A Zillmere Road Zillmere Qld 4034 Australia Postal address: PO Box 716 Virginia Qld 4014 Australia Telephone: (07) 3863 0667 Facsimile: (07) 3863 0795 Email: corporate@cmilimited.com.au Web: www.cmilimited.com.au

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ASX and Media Release

24 November 2015

DRAFT RULING RECEIVED FROM AUSTRALIAN TAXATION OFFICE (ATO)

CMI Limited (ASX: CMI) today announced that it has received a favourable draft ruling from the ATO in relation to the proposed capital return to shareholders. The draft ruling indicates a formal ruling will be provided in due course to confirm that no portion of the capital return will be classed as a dividend.

CMI announced in October that it would seek shareholder approval for a proposed capital return to shareholders of $0.30 per share at the Annual General Meeting (AGM) on 25 November 2015. If approved, the total amount of the capital return will be approximately $10.5 million.

A detailed explanation of the proposal and confirmation of the timetable is included with the Notice of Meeting sent to shareholders on 26 October 2015. Should all conditions be met, shareholders are expected to receive their payments in December 2015. Shareholders should seek independent advice on the tax treatment of the capital return.

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Contacts:

Mr Andrew Buckley Ms Sharyn Williams Executive Chairman Chief Financial Officer Mobile: +61 (0)412 059 526 Phone: +61 (0)7 3863 0667

About CMI (ASX: CMI): Established in 1991, and listed on the ASX in 1993, CMI Limited’s operations comprise the design and distribution of electrical components and cables for resources and infrastructure applications through its CMI Electrical division.