PEET LIMITED — Capital/Financing Update 2005

Aug 4, 2005

AFSL 225772

5 August 2005

PPBDD

Ms C Panetta Senior Companies Adviser Companies, Perth Australian Stock Exchange Ltd Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Christine

PEET & COMPANY LIMITED (ASX: PPC) VOLUNTARY ESCROW PERIOD

In accordance with ASX Listing Rule 3.10A we advise that a total of 114,000,000 shares will be released from voluntary escrow on the date PPC intends lodging its Appendix 4E – Preliminary Final Report with the ASX.

Yours sincerely PEET & COMPANY LIMITED

DOM SCAFETTA COMPANY SECRETARY

MELBOURNE

Level 1 436 St Kilda Road Melbourne VIC 3004 Tel: +61 3 9868 5900 Fax: +61 3 9866 6230 Email: peetco@peet.com.au

BRISBANE

Level 3 Waterfront Place 1 Eagle St Brisbane QLD 4000 Tel: +61 7 3360 0250 Fax: +61 7 3360 0841 Email: peetco@peet.com.au