PEET LIMITED — Board/Management Information 2005

Jan 19, 2005

19 January 2005

Australian Stock Exchange

Company Announcement Officer Level 10, Exchange Centre 20 Bond Street SYDNEY NSW 2000

By electronic lodgement

COMPANY SECRETARY TO RETIRE

Peet & Company Limited has announced that Mr Rod Lane has given notice that he intends to step down from the position of Company Secretary as he will be retiring in February 2005.

The Managing Director of Peet, Mr Warwick Hemsley, said that Mr Lane's retirement is in accordance with the contract arrangements, the completion of which co-incides with Mr Lane reaching retirement age.

Mr Hemsley says that Mr Lane, who had been with Peet since 2001, had agreed to perform the Company Secretarial duties over the last nine months to assist with the IPO and ASX listing of the company.

"I am pleased to say that we have moved through that critical period with resounding success." Mr Hemsley said "All at Peet thank Mr Lane for the way he carried out the role which he did to our great satisfaction. He was also instrumental in enhancing the Compliance and Corporate Governance procedures in the company. We wish him well in retirement from full-time employment: however. Mr Lane's services will be retained as a part-time consultant.

The Chief Financial Officer, Dom Scafetta, will move to the role of Company Secretary.

The Senior Financial Officer, Scott Grant, will act in the CFO role while a national search for a replacement CFO is conducted. Mr Grant has been with the Company for over five years in accounting and finance roles.

End of release

Any queries to Warwick Hemsley (08) 9420 1104 or 0418 923 325