EXCELSIOR CAPITAL LTD — Director's Dealing 2008

Apr 17, 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	10/04/2008

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	10/04/2008 – 17/04/2008
No. of securities held prior to change	(a) 11,011,987
	(b) 964,067
Class	(a) Ordinary Shares (fully paid)
	(b) Class A Shares (fully paid)
Number acquired	(a) 10/04/2008 – 12,337
	(a) 11/04/2008 – 1,300
	(a) 14/04/2008 – 2,376
	(a) 15/04/2008 – 24,914
	(a) 16/04/2008 – 41,732
	(a) 17/04/2008 – 1,620
	(a) Total – 84,279
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/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	10/04/2008 - $14,077.1811/04/2008 - $1,495.0014/04/2008 - $2,732.4015/04/2008 - $27,405.4016/04/2008 - $46,046.0417/04/2008 - $1,782.00Total-$93,538.02	10/04/2008 - $14,077.1811/04/2008 - $1,495.0014/04/2008 - $2,732.4015/04/2008 - $27,405.4016/04/2008 - $46,046.0417/04/2008 - $1,782.00Total-$93,538.02
	No. of securities held after change	(a) 11,096,266(b) 964,067
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Nature of changexample: on-market trade, off-market trade, exercise of options, issue of	On-market trade

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.

	Detail of contract	Detail of contract	Detail of contract	Nil	Nil	Nil	Nil	Nil	Nil
	Nature	of interest
	Name o(if issue	f registered hod securities)	lder
	Date of	change
	No a	d class of s	curities to
	.whichh	interest relate	d prior to
	cangeNote: Details are only required for a contract in relationto which the interest has changed
	Interest acquired
	Interest disposed
	Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
	Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002