FINBAR GROUP LIMITED — Capital/Financing Update 2009

Mar 4, 2009

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FINBAR GROUP LIMITED ACN 009 113 473

Level 3 15 Labouchere Road SOUTH PERTH WA 6151

www.finbar.com.au ASX CODE: FRI

4 March 2009

COMPANY ANNOUNCEMENT: FOR IMMEDIATE RELEASE

RE: JV ACQUISITION OF 22 PLAIN STREET EAST PERTH

We are pleased to advise that a 50% owned joint venture company has entered into a contract to purchase the above mentioned development site for $2 million.

It is proposed the 651 sqm site will be developed into a nine storey mixed use development to comprise approximately 2,600 sqm of one and two bedroom apartments, with 110 sqm of office/retail.

Finbar will receive a fee for managing the project and receive one half of the development profit.

We believe the Plain Street project proposal will be supported by buyers seeking an economical entry into the East Perth property market, and in turn augment company earnings for FY2011.

Yours faithfully

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DARREN PATEMAN CEO / Company Secretary