FINBAR GROUP LIMITED — Capital/Financing Update 2012

Feb 9, 2012

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ASX MARKET & MEDIA ANNOUNCEMENT

10 FEBRUARY 2012

18 ON PLAIN APARTMENTS ACHIEVES PRACTICAL COMPLETION & CLASSIFICATION

Key points:

• 18 on Plain project now complete.

• Settlements anticipated in April 2012.

• Revenue anticipated to fall into current financial year as projected.

• Sales of $17.05m to date.

Perth, 10 February 2012: Western Australia’s leading apartment developer, Finbar Group Limited (ASX: FRI) (“Finbar” or “the Company”), is pleased to advise that local council classification has been achieved for the company’s 18 on Plain apartment project located at 18 Plain Street East Perth.

The process of issuance of individual strata titles has now begun, and it is anticipated that settlement of the pre-sold lots will commence in April 2012.

18 on Plain is a 50% owned joint venture development comprising 29 apartments plus two commercial lots with an end project value of approximately $20.5 million.

27 sales with a value of $17.05m have been achieved to date, which represents 83% of the end value of the project.

It is anticipated that all revenue for the pre-sold lots in this project will fall in the current financial year as previously advised to the market.

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Photograph: 18 on Plain , Completed Project.

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For further information:

Darren Pateman Managing Director Finbar Group Limited E: darren@finbar.com.au

ABOUT FINBAR: Finbar Group Limited (ASX: FRI), 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 State of Western Australia. Please Visit: www.finbar.com.au