FINBAR GROUP LIMITED — Capital/Financing Update 2015

Jun 11, 2015

==> picture [596 x 114] intentionally omitted <==

ASX MARKET & MEDIA ANNOUNCEMENT

12 June 2015

FINBAR COMPLETES $85.7 MILLION TOCCATA PROJECT

• Toccata reaches practical completion on time and budget.

• Project comprises 45 apartments and 2 commercial lots.

• Finbar has secured $73.7m in sales to date from $85.7m project.

• Settlements on pre-sold apartments forecast to commence 19 June 2015.

• Revenue forecast to contribute significantly to Finbar’s H2 FY15 earnings.

Perth, 12 June 2015: Western Australia’s leading apartment developer Finbar Group Limited (ASX:FRI) ( Finbar or the Company ) is pleased to advise that the Company’s Toccata joint venture project has reached a stage of practical completion.

The Toccata development is located at 88 Terrace Road in East Perth. It consists of 45 luxury three bedroom residential apartments in a 23 level structure and includes a full range of common amenities such as theatre, gym, pool deck and residents lounge.

Finbar has secured sales of $73.7 million comprising 39 lots in the 47 lot $85.7 million project. It is anticipated that settlements will commence on 19 June 2015 with sales revenue from pre-sales expected to be a material contributor to Finbar’s second half earnings for FY15.

Finbar Managing Director Darren Pateman welcomed the project’s completion by saying, “Toccata is a key project we have been working to complete in the current financial year which has been finished on budget. Together with Subi Strand completed a few weeks ago, both projects will contribute to the Company’s second half earnings and be supported by a strong profit margin to supplement our full year results.”

Toccata offers unrestricted views over Langley Park to the Swan River and City Skyline to the East. The project represents stage two of the redevelopment of the former ABC Site with the final stage (Concerto) now under construction.

==> picture [596 x 57] intentionally omitted <==

==> picture [426 x 284] intentionally omitted <==

==> picture [426 x 284] intentionally omitted <==

Above: Completed Toccata

==> picture [596 x 56] intentionally omitted <==

• ENDS -

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.

==> picture [596 x 56] intentionally omitted <==