FINBAR GROUP LIMITED — Capital/Financing Update 2015

Jul 30, 2015

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ASX MARKET & MEDIA ANNOUNCEMENT

31 July 2015

FINBAR RECEIVES DEVELOPMENT APPROVAL FOR ~$72 MILLION RESIDENTIAL PROJECT IN DIANELLA

Key Points:

• Sunago JV residential project in Dianella receives development approval.

• Project to comprise 163 one and two bedroom apartments with amenities.

• Sunago to comprise a seven storey tower and a three level podium.

• Estimated project end value ~$72 million.

• Finbar to receive 50% of project profit plus management fee.

• Marketing launch anticipated to commence in September 2015.

• Construction expected to commence in 2016.

Perth, 31 July 2015: Western Australia’s leading apartment developer Finbar Group Limited (ASX: FRI) ( Finbar or the Company ) is pleased to announce that it has received approval from the Metro Central Joint Development Assessment Panel for the development of a three and seven storey residential project to be constructed on land located at 36 Chester Avenue in Dianella, 7 kilometres from the Central Business District ( CBD ).

The approved project, to be named “Sunago”, will comprise 163 one and two bedroom apartments with a range of living options available including City and district views from the seven storey tower, with the three level podium overlooking internal gardens, surrounding streets and parkland.

Encompassing a full range of amenities, new residents will have access to a 19 metre pool, pool lounge, gym, games room, sauna, BBQ area, meeting room and landscaped areas to allow for social interaction or private reflection.

Located adjacent to the Dianella Plaza, the Sunago development takes full advantage of its easy access to supermarkets, food and other commercial outlets. A school and public library are also located next door and a high frequency bus connection to the City is also located adjacent to the site.

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Commenting on the approval today, Finbar Managing Director Darren Pateman said, “This approval is a pleasing result to receive after a protracted wait for amended Local and State Government policy. It will allow us to offer a product with a location and price point that meets the changing sophistication of the Perth apartment market. Sunago offers residents in Dianella a perfect down-sizing opportunity, allowing them to retain their existing social networks, whilst also offering younger buyers an attractive alternative to living on the urban fringe.”

The Sunago land was purchased in 2011 through a 50% owned joint venture whereby Finbar will receive one half of the project profit and earn a management fee.

The Sunago project is estimated to have an end value of approximately $72 million. Works have begun to prepare for a marketing launch in September with the view to commence construction in 2016.

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ABOVE: Artist Impression - Sunago

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For further information, please 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 State of Western Australia.

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