EXCELSIOR CAPITAL LTD — Interim / Quarterly Report 2012

Feb 27, 2012

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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28 February 2012

Australian Stock Exchange Limited Level 6, Riverside Centre 123 Eagle Street BRISBANE QLD 4000

1. Half year ended 31 December 2011 results

The directors of CMI Limited announced today a loss of $0.6 million after tax. This includes an impairment expense of $9.3m related to a third party loan receivable, announced today.

The Electrical Division produced a pre-tax profit of $11.4m, an increase of $4.0m on the 2011 year. Revenue increased to $37.6m, 30% (or $8.7m) up on prior comparative period. The Electrical Division has produced record levels of sales and profits for the half year. Mining Product Sales are up by 69% compared to the same period last year. The Mining sector remains buoyant and is expected to do so in the coming years. Construction and Industrial markets continue to be weak and very competitive.

The TJM Products Division, comprising the Australian, Chinese and USA operations, produced a pre-tax profit of $0.3m, a decrease of $0.4m on the 2011 year. Revenue (excluding intercompany sales) decreased to $18.8m, 4% (or $0.8m) down on prior comparative period. The Company has recently restructured the senior management of this division and an operational review is currently being undertaken. The division continues to face challenges however recent investment to increase manufacturing capabilities, design capabilities and working capital requirements will result in improved performance for the business.

2. Profit Guidance

The expected full year result, before impairments, is expected to be similar to the prior comparative period result.

The NPAT result to 31 December 2011 before impairment ($9.3 million) is $8.7 million. Whilst this result is an increase on the comparative prior period, based on current trading conditions and no further interest revenues from the Industrial receivable being recognised, the expected full year result, before impairments, is expected to be similar to the full year prior period result.

NPBT after impairment is expected be $9million to $11million and NPAT after impairment is expected to be $4million to $6million.

Yours Faithfully

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Sharyn Williams Company Secretary