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PEET LIMITED Board/Management Information 2007

Dec 5, 2007

65600_rns_2007-12-05_a9d69b8a-76cc-4e67-8bfc-6e1531ffb09b.pdf

Board/Management Information

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Perth Level 7, 200 St Georges Terrace Perth WA 6000 Telephone (08) 9420 1111 | Facsimile (08) 9481 4712 Email [email protected]

www.peet.com.au

6 December 2007

Peet Limited appoints new Chief Financial Officer

Peet Limited is pleased to announce the appointment of Mario Pisano as Chief Financial Officer.

Mr Pisano joins the national asset manager, fund manager and land syndicator having spent the past 10 months providing commercial and strategic advice, and facilitating the merger of Horwath Perth Chartered Accountants and BDO Business Advisors.

His previous five years saw him assume responsibility for a number of roles at Woodside Petroleum, including the last two years as General Manager-Finance on the North West Shelf Venture and, prior to this, Corporate Planning Manager.

Peet Limited Managing Director, Brendan Gore, described Mr Pisano as an accomplished and dedicated corporate leader with a reputation as a strategic thinker who delivers outstanding results. He takes over from acting CFO and Group Financial Controller, Scott Grant.

“Mario will be a key driver in Peet’s senior executive team as we move ahead with a number of exciting projects,” said Mr Gore.

“He comes to Peet with excellent credentials, a first-class reputation and enormous enthusiasm for the challenges and opportunities that lie ahead.”

Before joining Woodside Petroleum, Mr Pisano consulted to the resources giant as part of his tenure with Accenture (formerly Andersen Consulting). He also held the Melbourne-based position of Strategy Manager with the consultancy and, from the late 1980s to the mid 1990s, held senior positions with Grant Thornton (formerly Hendry, Rae and Court) and Horwath Perth Chartered Accountants.

Mr Pisano holds a Master of Business Administration from Curtin University, where he was awarded the Chamber of Commerce and Industry Medal for best graduating student and gained a Bachelor of Business (Accounting) from Edith Cowan University.

His appointment is the second major addition to Peet Limited in recent weeks following the announcement last month of former Mirvac Development Director Darren Cooper as Chief Operating Officer.

Mr Gore said Mr Pisano’s appointment comes at an important time as Peet prepares for another very active year ahead across each of its business divisions, throughout the country.

“The addition of Mario to the Peet executive team puts us in an even better position to drive forward our key projects in 2008,” said Mr Gore. Mr Pisano commences in January 2008.

Perth | Melbourne | Brisbane Enriching lives since 1895 | Asset Manager | Land Syndicator | Fund Manager Peet Limited | ACN 008 665 834 | Australian Financial Services Licence 225772 | Licensed Real Estate Agent in WA

www.peet.com.au

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Perth

Level 7, 200 St Georges Terrace Perth WA 6000 Telephone (08) 9420 1111 | Facsimile (08) 9481 4712 Email [email protected]

ENDS

For more information please contact:

Marie Mills or Louisa Mitchell Mills Wilson Communication Consultants [P] 08 9228 1999 [F] 08 9228 1970

Marie Mills [M] 0418 918 202 [email protected]

Louisa Mitchell [M] 0434 308 208 [email protected]

Perth | Melbourne | Brisbane

Enriching lives since 1895 | Asset Manager | Land Syndicator | Fund Manager Peet Limited | ACN 008 665 834 | Australian Financial Services Licence 225772 | Licensed Real Estate Agent in WA