PEET LIMITED — Capital/Financing Update 2013

May 5, 2013

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6 May 2013

Australian Stock Exchange Announcement

Market Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Financing Facility Consent from St George Bank

CIC Australia Limited (“CIC”) (ASX Code: CNB) has received consent from St George Bank to a change of control of CIC due to the takeover offer made by Peet Limited ("Peet"). In this regard, St George Bank has confirmed that:

• any such change of control of CIC will not constitute an event of default under any of CIC's financing facilities with St George Bank;

• its consent to any such change of control of CIC is unconditional in respect of all of the financing facilities entered into by CIC and/or Crace Developments (other than the Multi Option Facility); and

• its consent in respect of the Multi Option Facility is conditional on that facility being repaid by 30 September 2013 (which is 10 months earlier than the current maturity date of that facility).

Shareholders should carefully consider any further announcements which are made by Peet as to whether these consents from St George satisfy some of the financing facility conditions of its takeover offer for CIC (which conditions were set out in detail in the Bidder's Statement sent to Shareholders by Peet).

For inquiries, contact: Col Alexander Managing Director and Chief Executive Officer Telephone 02 6230 0800 Email: col.alexander@cicaustralia.com.au