EXCELSIOR CAPITAL LTD — Major Shareholding Notification 2013

Feb 21, 2013

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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22 February 2013

Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

ACORN BECOMES CMI SUBSTANTIAL SHAREHOLDER

Over the last 6 months CMI’s executive chairman and CFO conducted institutional investor presentations to fund managers in the Sydney and Melbourne capital markets. These presentations were posted on CMI’s ASX announcement platform.

Earlier this week, Morgan Stanley completed an auction sale of the 9.2% parcel of shares (3.1m shares) vested in the Commonwealth for sale by ASIC. There was strong interest from institutional investors, with multiple bids received for substantially more shares than were available.

The shares were sold in one line to Acorn Capital at $2.65, a 13% premium to the last sale price in the market.

Acorn Capital is a Melbourne based investment manager focussed exclusively on ASX listed companies outside the top 250. It is the largest specialist microcap investor in the Australian market.

The CMI Board welcomes Acorn Capital to its share register.

Yours faithfully,

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Sharyn Williams Company Secretary