EXCELSIOR CAPITAL LTD — Director's Dealing 2009

Jan 18, 2009

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	22/12/2008

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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Securities held by:RP Prospects Pty Ltd ACN 010 774 651atf the M&L Trust. Raymond Catelan isa director and substantial shareholder ofRP Prospects Pty Ltd and a beneficiaryof the M&L TrustRD Catelan Superannuation Fund PtyLtd atf the RD Catelan SuperannuationFund. Raymond Catelan is a director andsubstantial shareholder of RD CatelanSuperannuation Fund Pty Ltd and amemberoftheRDCatelanSuperannuation Fund.
Date of change	15/01/2008
No. of securities held prior to change	(a) 11,659,615(b) 1,562,491
Class	(a) Ordinary Shares (fully paid)(b) Class A Shares (fully paid)

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number acquired	Number acquired	Number acquired	(a) 15/01/2009 – 2,820(a) Total – 2,820(b) 15/01/2009 – 85,215(b) Total – 85,215	(a) 15/01/2009 – 2,820(a) Total – 2,820(b) 15/01/2009 – 85,215(b) Total – 85,215
Number disposed			Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation			(a) 15/01/2009 - $1,269.00(a) Total - $1,269.00(b) 15/01/2009 - $34,086.00b Tl $3408600
			() ota- ,.
No. o	f securities held after change		(a) 11,662,435
			(b) 1,647,706
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	re of chane		On-market trade
	2 – Change of director’s interestsh f itt hih ithi	in contracts(ii) f th dfiiti f “tifibl itt f dit” hld b

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	Detail of contract	Nil	Nil	Nil	Nil	Nil	Nil	Nil
	Nature of interest
	Nam(if is		e of registered holdersued securities)
	Date		of change
	No.whicchanNote: Dto whic		and class of securities toh interest related prior togeetails are only required for a contract in relationh the interest has changed
	Inter		est acquired
	Inter		est disposed
	ValuNote: Ian estim		e/Considerationf consideration is non-cash, provide details and
			ated valuation
	Inter		est after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002