FBR LTD — Share Issue/Capital Change 2011

Dec 15, 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

16 December 2011

ANNOUNCEMENT TO THE MARKET

Dromana Estate Limited (ASX Code: DMY) , is pleased to announce that following shareholder approval on 15 December 2011, DMY will proceed with its proposed 4 to 1 share consolidation as detailed in its 2011 Notice of General Meeting and Explanatory Memorandum (“ Consolidation ”). The timetable for the Consolidation is as follows:

Event

Date

DMY announcement that Consolidation will proceed, with detailsof relevant datesLast day oftrading of DMYshares ona pre-ConsolidationbasisTrading of DMY shares commences on a post-Consolidationdeferred settlement basisConsolidation Record Date (and last day to register transfers ofDMY shares on a pre-Consolidation basis)Consolidationcompletes on DMYShareregisterDispatch of new holding statements (and last day of trading ofDMY shares on a deferred settlement post-Consolidation basis)Normal trading of DMY shares resumesSettlement of first trades following Consolidation conducted on anormal T +3 settlement basis and settlement of trades conductedona deferred settlement basis commence

Friday, 16 December 2011Monday,19December 2011Tuesday, 20 December 20115:00 pm (Perth time)Wednesday, 28December 2011Thursday,29December 2011Friday, 30 December 2011Tuesday, 3 January 2012Friday, 6 January 2011

Enquiries:

Mr Garry W. Bell Company Secretary Dromana Estate Limited (03) 9855 1700