FBR LTD — Capital/Financing Update 2011

Nov 6, 2011

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Dromana Estate Limited

ABN 58 090 000 276

Registered Office and Winery/ Cellar Door Address: 555 Old Moorooduc Road, Tuerong Vic 3933 Postal Address: PO Box 299 Mt Martha Vic 3934 Tel (03) 5974 3899 Fax (03) 5974 1155 Internet address: www.dromanaestate.com.au

7 November 2011

The Manager Company Announcements Office Australian Stock Exchange Limited Level 5, 20 Bridge Street SYDNEY NSW 2000

ANNOUNCEMENT TO THE MARKET

Dromana Estate Limited (“ DMY ”) advises the following amendments to the mandate agreement with Cygnet Capital Pty Ltd (“ Cygnet ”) advised to the market on 31 August 2011.

There are 2 major changes to the mandate agreement previously advised to the market and these are as follows: –

1. A share placement of $ 500,000 rather than $350,000 as previously advised.

2. A 1:4 consolidation of existing DMY shares rather than the 1:2 consolidation

provided for in the original mandate.

The additional capital raised from the share placement will provide additional working capital to enable DMY to implement its business strategy and cover transaction costs associated with the mandate.

Further, DMY advises that the Company has applied to the Australian Securities and Investment Commission (“ASIC”) for an extension of time in which to hold its Annual General Meeting to no later than 15 December 2011. The Notice of Meeting will be sent to shareholders on receipt of the ASIC approval.

If you have any questions in relation to the above information, please contact me on (03) 9855 1700 Monday to Friday between 9.30 am and 5.00 pm.

Yours faithfully

Garry W. Bell Company Secretary

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