PEET LIMITED — Capital/Financing Update 2012

Jan 16, 2012

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

Peet Limited

ABN
56 008 665 834

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1	+Class of +securities issued or to beissued	Performance Rights
2	Number of +securities issued or tobe issued (if known) or maximumnumber which may be issued	3,120,313 Performance Rights
3	Principal terms of the +securities(eg, if options, exercise price andexpirydate;ifpartlypaid+securities, the amount outstandingand due dates for payment; if+convertiblesecurities,theconversionpriceanddatesforconversion)	Performance Rights issue price: $0.00Performance Rights exercise price: $0.00Grant date: 16 January 2012Vesting date: 16 January 2015Expiry date: 16 January 2017Each Performance Right provides the relevant grantee withthe right to acquire one ordinary share following the vestingdate, subject to specified performance hurdles being met.The performance hurdles used to determine performance areFunds under Management Growth and Relative Return onShareholders' Equity based on the S&P/ASX 200 Industrials,measured over a three-year period from 1 July 2011 to 30June 2014.The performance hurdles are defined in the same manner asthose applying to the Managing Director, as approved byshareholders 15 November 2011.

4			Do the +securities rank equally in all
			respects from the date of allotment with an
	existing +class of quoted +securities?

If the additional securities do not rank equally, please state:

• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

5	Issue price or consideration	Nil

6	Purpose of the issue
	(Ifissuedasconsiderationforthe
	acquisition of assets, clearly identify those
	assets)

7 Dates of entering +securities into uncertificated holdings or despatch of certificates

Certificates dated 16 January 2012.

8 Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)

Number	+Class
320,170,604	Fully Paid Ordinary Shares
500,000	Unsecured Convertible Notes

Granting of Performance Rights tothe Managing
Director and senior executives under the Peet Limited
Performance Rights Plan.

In accordance with ASX Listing Rule 10.14, shareholder approval was received for the grant of Performance Rights to the Managing Director on 15 November 2011.

		Number	+Class
9	+classNumberandofall+securities not quoted on ASX	3,830,000	Options
	(including the securities in clause2 if applicable)	6,824,053	Performance Rights
10	Dividend policy (in the case of atrust, distribution policy) on the	N/A

Part 2 - Bonus issue or pro rata issue

increased capital (interests)

11	Issecurityholderapprovalrequired?	N/A
12	Is the issue renounceable or nonrenounceable?	N/A
13	Ratio in which the +securities willbe offered	N/A
14	+Class of +securities to which theoffer relates	N/A
15	+Recorddatetodetermineentitlements	N/A
16	Will holdings on different registers(or subregisters) be aggregated forcalculating entitlements?	N/A
17	Policy for deciding entitlements inrelation to fractions	N/A
18	Names of countries in which theentity has +security holders who willnot be sent new issue documents	N/A
	Note: Security holders must be told how theirentitlements are to be dealt with.
	Cross reference: rule 7.7.

19	Closing date for receipt of acceptances orrenunciations	N/A
20	Names of any underwriters	N/A
21	Amountofanyunderwritingfeeorcommission	N/A
22	Names of any brokers to the issue	N/A
23	Fee or commission payable to the brokerto the issue	N/A
24	Amount of any handling fee payable tobrokerswholodgeacceptancesor+securityrenunciationsonbehalfofholders	N/A
25	If the issue is contingent on +securityholders' approval, the date of the meeting	N/A
26	Date entitlement and acceptance form andprospectusorProductDisclosureStatement will be sent to persons entitled	N/A
27	If the entity has issued options, and theterms entitle option holders to participateon exercise, the date on which notices willbe sent to option holders	N/A
28	Daterightstradingwillbegin(ifapplicable)	N/A
29	Date rights trading will end (if applicable)	N/A
30	+securityHowdoholdersselltheirentitlements in full through a broker?	N/A
31	How do +security holders sell part of theirentitlements through a broker and acceptfor the balance?	N/A
32	How do +security holders dispose of theirentitlements (except by sale through abroker)?	N/A
33	+Despatch date	N/A

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities (tick one)
• (a) Securities described in Part 1

(b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
• 36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

37 A copy of any trust deed for the additional +securities

Entities that have ticked box 34(b)

• 38 Number of securities for which +quotation is sought
• 39 Class of +securities for which quotation is sought

40	Do the +securities rank equally in allrespects from the date of allotmentwith an existing +class of quoted+securities?
	If the additional securities do notrank equally, please state:•the date from which they do•theextenttowhichtheyparticipate for the next dividend,(inthecaseofatrust,distribution) or interest payment•the extent to which they do notrankequally,otherthaninrelation to the next dividend,distribution or interest payment
41	Reason for request for quotationnow
	Example: In the case of restricted securities, end ofrestriction period
	(ifissueduponconversionofanother security, clearly identify thatother security)

42 Number and +class of all +securities quoted on ASX (including the securities in clause 38)

Number	+Class

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
• 2 We warrant the following to ASX.
  • The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
  • There is no reason why those +securities should not be granted +quotation.
  • An offer of the + securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: ............................................................ Date: 17/01/2012 Company Secretary

Print name: Domenico Scafetta

== == == == ==