FINBAR GROUP LIMITED — Capital/Financing Update 2012

Jun 19, 2012

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ASX MARKET & MEDIA ANNOUNCEMENT

20 June 2012

FY2012 PROFIT GUIDANCE UPGRADED BY 17%

Key Points:

• Record after tax profit forecast upgraded from $24.03m to $28m for FY2012.

• Profit forecast upgrade due to strong performance at 18 on Plain and Fairlanes .

• All revenues from Pelago West project in Karratha to fall in H1 FY2013.

Perth, 20 June 2012: Western Australia’s leading apartment development company Finbar Group Limited (ASX: FRI) (“Finbar” or “the Company”) is pleased to report that it anticipates a full year profit after tax of approximately $28 million for the financial year ending 30 June 2012. This result is $4 million above the Company’s previous guidance and will reflect an increase of approximately 17% above the last financial year’s record profit.

This higher than anticipated profit figure is largely attributable to a strong level of sales and settlement conversions achieved at Finbar’s recently completed 18 on Plain and Fairlanes apartment projects, along with the robust leasing take up and valuation of the recently completed Fairlanes Office project which the Company has retained for investment income purposes.

To achieve this profit forecast upgrade, Finbar has not received and will not be relying on any revenue from the Company’s Pelago West project in Karratha which is likely to be fully completed and receive local authority classification later this month with first settlements anticipated in July 2012. It is therefore anticipated that all of the revenue for this project will fall into the first half of the financial year ending 30 June 2013.

Commenting on the profit guidance today, Managing Director, Darren Pateman said, “We are delighted to report such a strong financial performance to our shareholders. This result highlights our key focus of capitalising on our competitive advantages and building upon our strong WA market position in challenging economic times. Finbar stands to benefit substantially from improving economic conditions and the realisation of our first investment in the Pilbara early in the next financial year.”

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For further information, please visit www.finbar.com.au or contact:

Darren Pateman Professional Public Relations Managing Director James Harris Finbar Group Limited Tel: 08 9388 0944 Email: darren@finbar.com.au Email: james.harris@ppr.com.au

Finbar Group Limited, its controlled entities and its jointly controlled entities, is a property development company whose core business lies in the development of medium to high density residential apartments and commercial property within the Perth Metropolitan Area and the Pilbara within the State of Western Australia.