CROMWELL PROPERTY GROUP — Capital/Financing Update 2011

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28 April 2011

The Manager Company Announcements Platform ASX Limited Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

RE: CROMWELL GROUP – DISTRIBUTION REINVESTMENT PLAN (DRP) PRICE FOR DISTRIBUTION PERIOD COMMENCING 1 JANUARY AND ENDING 31 MARCH 2011

Cromwell Group advises that the issue price of stapled securities to be allocated under the DRP with respect to the distribution to be paid on or about 18 May 2011 is $0.6958 per stapled security.

The price is calculated in accordance with the DRP rules, being the average of the daily volume weighted average price of Cromwell Group stapled securities for the 10 trading days from 8 April to 21 April 2011, less a discount of 3%. We expect that the maximum number of stapled securities that will be issued for this period under the DRP will be approximately 2.1 million.

As previously advised, the last day for registration to participate in the DRP was the plan record date of 27 April 2011.

The stapled securities to be issued under the DRP will be issued on the same terms and conditions as existing stapled securities issued in Cromwell Group.

Yours faithfully

CROMWELL CORPORATION LIMITED

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NICOLE RIETHMULLER COMPANY SECRETARY

Cromwell Property Group (ASX:CMW)

Comprising Cromwell Corporation Limited ABN 44 001 056 980 and Cromwell Property Securities Limited ABN 11 079 147 809, AFSL 238052 as responsible entity for Cromwell Diversified Property Trust ABN 30 074 537 051 ARSN 102 982 598. Level 19, 200 Mary Street, GPO Box 1093, Brisbane QLD 4001 Email [email protected] | Investors Call 1800 334 533 | Tenants Call 1800 005 657 | Phone 07 3225 7777 | Fax 07 3225 7788 | www.cromwell.com.au