PEET LIMITED — Proxy Solicitation & Information Statement 2006

May 29, 2006

29 May 2006

Australian Stock Exchange Limited Exchange Centre Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

NOTICE OF GENERAL

Please find attached a copy of a letter, together with a Notice of Meeting and Proxy form, relating to a general meeting of members to be held on Friday 30 June 2006.

Yours faithfully PEET & COMPANY LIMITED

DOM SCAFETTA COMPANY SECRETARY

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PERTH - REGISTERED OFFICE

Level 7, 200 St Georges Terrace Perth WA 6000 PO Box 7224 Cloisters Square WA 6850 Tel: +61 8 9420 1111 Fax: +61 8 9481 4712 Email: Perth@peet.com.au Linam Femi@peer.com.adLicensed Real Estate Agent in WAAustralian Financial Services Licence 225772

SYDNEY Level 20, Tower 2, Darling Park 201 Sussex StreetSydney NSW 2000Tel: +61 2 9006 1290 Fax: +61 2 9006 1010 Email: Sydney@peet.com.au

MELBOURNE

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

BRISBANE

Level 2 167 Eagle St Brisbane QLD 4000 Tel: +61 7 3137 2040 Fax: +61 7 3137 2045 Email: Brisbane@peet.com.au 25 May 2006

Name Address Address etc

Dear Shareholder

We are pleased to advise that Peet (PPC) continues to trade well and company prospects are sound.

We are proposing to re-brand Peet so as to update our image and part of this involves abbreviating our name from Peet & Company Limited to Peet Limited.

The Corporations Act, requires a proposed abbreviation to the Company's name be affected by way of a special resolution of shareholders. Accordingly, a brief special shareholders' meeting is being called to deal with this.

The meeting to be held in our Boardroom is expected to be very brief and we encourage you to vote by proxy if you agree with the Board on this proposal.

The new brand identity will be showcased to Peet shareholders prior to implementation.

Yours sincerely

PEET & COMPANY LIMITED

ennon.

TONY LENNON CHAIRMAN

Peet & Company Limited

A.B.N. 56 008 665 834

NOTICE OF A GENERAL MEETING

Notice is given that a general meeting of Peet & Company Limited ("the company") will be held at Level 7. 200 St George's Terrace, Perth Western Australia on Friday 30 June 2006 at 2.30 PM (WST).

Agenda item

. . . . . . . . . . . . . . . . . . . . Special business

$\ddot{1}$ Abbreviate the name of the Company

To consider, and if thought fit, to pass the following resolution as a special resolution:

That the Company abbreviate its name from Peet & Company Limited to Peet Limited.

Explanatory memorandum

Shareholders should note that the Board of Directors of the Company has proposed an abbreviation of the Company's name from Peet & Company Limited to Peet Limited so as to align its name with the updated branding position of the Company.

Further details of the Company's new branding position will be notified in due course.

Entitlement to vote

It has been determined that under the Corporations Regulations 7.11.37, for the purposes of the general meeting, shares will be taken to be held by the persons who are the registered holders at 2.30PM (WST) 28 June 2006. Accordingly, share transfers registered after that time will be disregarded in determining entitlements to attend and vote at the meeting.

Proxies

A shareholder entitled to attend and vote has a right to appoint a proxy. The proxy does not need to be a member of the company. A shareholder that is entitled to cast 2 or more votes may appoint up to 2 proxies and may specify the proportion or number of votes each proxy is appointed to exercise. If no proportion or number is specified, each proxy may exercise half of the shareholder's votes.

A Proxy Form (with signing instructions) accompanies this Notice and to be effective must be received at the company's corporate registry, Computershare Investor Services Pty Ltd,

• In Person: to Level 2, 45 St Georges Terrace, Perth, WA
• By Mail: to GPO Box D182, Perth, Western Australia 6840, or $\bullet$
• By Facsimile: 61 8 9323 2033

by no later than 2.30PM (WST) 28 June 2006.

By Order of the Board Dated: 25 May 2006

Sta

Dom Scafetta Company Secretary

Proxy Form

All correspondence to:

Computershare Investor Services Pty Limited GPO Box D182 Perth Western Australia 6840 Australia 1300 557 010 Enquiries (within Australia) (outside Australia) 61 3 9415 4000 Facsimile 61 8 9323 2033

Contact Name

$\overline{1}$

Contact Daytime Telephone

Date

1 Your Address

This is your address as it appears on the company's share register. If this information is incorrect, please mark the box and make the correction on the form. Securityholders sponsored by a broker (in which case your reference number overleaf will commence with an 'x') should advise your broker of any changes. Please note, you cannot change ownership of your securities using this form.

$\overline{2}$ Appointment of a Proxy

If you wish to appoint the Chairman of the Meeting as your proxy, mark the box. If the individual or body corporate you wish to appoint as your proxy is someone other than the Chairman of the Meeting please write the full name of that individual or body corporate in the space provided. If you leave this section blank, or your named proxy does not attend the meeting, the Chairman of the Meeting will be your proxy. A proxy need not be a securityholder of the company. Do not write the name of the issuer company or the registered securityholder in the space.

3 Votes on Items of Business

You may direct your proxy how to vote by placing a mark in one of the three boxes opposite each item of business. All your securities will be voted in accordance with such a direction unless you indicate only a portion of voting rights are to be voted on any item by inserting the percentage or number of securities you wish to vote in the appropriate box or boxes. If you do not mark any of the boxes on a given item, your proxy may vote as he or she chooses. If you mark more than one box on an item your vote on that item will be invalid.

Appointment of a Second Proxy 4

You are entitled to appoint up to two proxies to attend the meeting and vote on a poll. If you wish to appoint a second proxy, an additional Proxy Form may be obtained by telephoning the company's share registry or you may copy this form.

To appoint a second proxy you must:

• indicate that you wish to appoint a second proxy by marking the box. $(a)$
• by on each of the first Proxy Form and the second Proxy Form state the percentage of your voting rights or number of securities applicable to that $(b)$ form. If the appointments do not specify the percentage or number of votes that each proxy may exercise, each proxy may exercise half your votes. Fractions of votes will be disregarded.
• return both forms together in the same envelope. $(c)$

5 Signing Instructions

You must sign this form as follows in the spaces provided:

Individual:	where the holding is in one name, the holder must sign.
Joint Holding:	where the holding is in more than one name, all of the security holders should sign.
Power of Attorney:	to sign under Power of Attorney, you must have already lodged this document with the registry. If you have notpreviously lodged this document for notation, please attach a certified photocopy of the Power of Attorney to this formwhen you return it.
Companies:	where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by thatperson. If the company (pursuant to section 204A of the Corporations Act 2001) does not have a Company Secretary, aSole Director can also sign alone. Otherwise this form must be signed by a Director jointly with either another Directoror a Company Secretary. Please indicate the office held by signing in the appropriate place.

If a representative of a corporate Securityholder or proxy is to attend the meeting the appropriate "Certificate of Appointment of Corporate Representative" should be produced prior to admission. A form of the certificate may be obtained from the company's share registry or at www.computershare.com.

Lodgement of a Proxy

This Proxy Form (and any Power of Attorney under which it is signed) must be received at an address given below no later than 48 hours before the commencement of the meeting at 2.30PM (WST) on Friday, 30th June 2006. Any Proxy Form received after that time will not be valid for the scheduled meeting.

Documents may be lodged using the reply paid envelope or:

Share Registry - Computershare Investor Services Pty Limited, Level 2, 45 St George's Terrace, Perth WA 6000 Australia Share Registry - Computershare Investor Services Pty Limited, GPO Box D182, Perth WA 6840 Australia 61 8 9323 2033

IN PERSON BY MAIL BY FAX