EXCELSIOR CAPITAL LTD — Director's Dealing 2008

Dec 2, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity CMI Limited ABN 98 050 542 553

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Raymond David Catelan
Date of last notice	07/05/2008

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	Securities held by RP Prospects Pty Ltd ACN
(including registered holder)	010 774 651 as trustee for the M&L Trust.
Note: Provide details of the circumstances giving rise to the relevantinterest.	RaymondCatelanis	a	director	and
	substantial shareholder of RP		Prospects Pty
	Ltd and a beneficiary of the M&L Trust.
Date of change	28/11/2008 – 02/12/2008
No. of securities held prior to change	(a) 11,284,066
	(b) 964,067
Class	(a) Ordinary Shares (fully paid)
	(b) Class A Shares (fully paid)
Number acquired	(a) 28/11/2008 – 49,659
	(a) 01/12/2002 – 262,500
	(a) 02/12/2008 – 490
	(a) Total – 312,649
	(b) 28/11/2008 – 372,063
	(b) 02/12/2008 – 9,705
	(b) Total – 381,768
Number disposed	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration (a) 28/11/2008 - $33,547.34 valuation Note: If consideration is non-cash, provide details and estimated (a) 01/12/2008 - $132,544.91 (a) 02/12/2008 - $294.00 (a) Total - $166,386.05 (b) 28/11/2008 - $137,291.25 (b) 02/12/2008 - $4,076.10 - (b) Total $141,367.35

No. of securities held after change (a) 11,596,715 (b) 1,345,835 Nature of change On-market trade Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

==> picture [433 x 330] intentionally omitted <==

----- Start of picture text ----- Detail of contract NilNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuationInterest after change----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002