FINBAR GROUP LIMITED — Earnings Release 2013

Jan 20, 2013

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ASX MARKET & MEDIA ANNOUNCEMENT

21 January 2013

FINBAR FORECASTS $14M HALF YEAR AFTER TAX PROFIT

Company on track to exceed FY12’s record $28.3m net profit

Key Points:

• Finbar anticipates after tax profit of ~$14m for half year to 31 December 2012.

• Largest contributor to revenue was Pelago West project in Karratha.

• Settlements at Lime and Adagio projects expected to have substantial impact on H2 FY13 performance.

• Finbar is on track to exceed FY12’s record $28.3m net profit.

Perth, 20 June 2012: Western Australia’s leading apartment development company Finbar Group Limited (ASX: FRI) (“Finbar” or “the Company”) anticipates that it will report an after tax profit of approximately $14 million for the half year to 31 December 2012.

The largest impact on earnings for the half year relates to the completion of 85 settlements at the Company’s first Pilbara project, Pelago West. Finbar’s recently completed Lime project also contributed to earnings with 20 lots being transferred to new buyers. The balance of settlements for Lime, where the residential lots are now sold out, is expected to occur in the second half year to 30 June 2013.

The Adagio project, where $100 million in sales have now been achieved, is on schedule to reach practical completion in March 2013 with settlements for these sold lots anticipated to commence in May 2013.

As a result, Finbar reaffirms its FY13 profit guidance by anticipating it will exceed last financial year’s record net profit of $28.3 million.

Commenting on the profit guidance today, Managing Director, Darren Pateman said, “We are delighted to report a robust half year performance to our shareholders. The second half will see the completion of Adagio, a major project, along with more settlements at Lime and Pelago West which we are confident will all help to underpin a record FY13 result.”

Finbar expects to announce its audited half year accounts on 28 February 2013.

END

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.