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8 September 2011

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

Dear Sir/Madam

Cromwell Property Group Performance Rights Plan

Cromwell Property Group (ASX:CMW) has just lodged an Appendix 3B advising the market of a change to the number of performance rights issued under the Cromwell Property Group Performance Rights Plan (PRP).

The change follows the issue of new performance rights.

The current performance rights on issue can be summarised as follows:

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

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

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, 24/10/2005.

Name of entity

Cromwell Property Group (CMW) comprising Cromwell Corporation Limited (CCL) and Cromwell Diversified Property Trust (DPT)

ABN

ABN 44 001 056 980 (CCL) ABN 11 079 147 809 (CPSL) ARSN 102 982 598 (DPT)

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).

3 Principal terms of the Issued as Performance Rights under the +securities (eg, if options, Cromwell Group Performance Rights Plan: exercise price and expiry date; if partly paid[+] securities, the • Nil exercise price amount outstanding and due dates for payment; if 590,622 Performance Rights must be exercised +convertible securities, the between 5 September and 5 October 2014. conversion price and dates for conversion) • 10c exercise price 52,851 Performance Rights must be exercised between 5 September and 5 October 2014. • 20c exercise price 393,679 Performance Rights must be exercised between 5 September and 5 October 2014. Each Performance Right carries the right, subject to satisfaction of conditions, to convert to one CMW Stapled Security.

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

No

If the additional securities do On exercise of Performance Rights, the not rank equally, please state: Stapled Securities will rank equally in all • the date from which they do respects with ordinary fully paid Stapled • Securities

• the date from which they do respects with ordinary fully paid Stapled • the extent to which they Securities 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 Issued by Cromwell Property Group as (If issued as consideration for Performance Rights under the Cromwell the acquisition of assets, clearly Property Group Performance Rights Plan identify those assets)

• See chapter 19 for defined terms.

Appendix 3B Page 2

1/1/2003

• 7 Dates of entering[+] securities 5 September 2011 into uncertificated holdings or despatch of certificates

• Number ~~+~~ Class

• 8 Number and[+] class of all 966,845,859 Cromwell Property +securities quoted on ASX Group Stapled ( including the securities in Securities (CMW) clause 2 if applicable)

• 9 Number and[+] class of all +securities not quoted on ASX ( including the securities in clause 2 if applicable)

• 10 Dividend policy (in the case of Performance Rights carry no right to a trust, distribution policy) on dividends/distributions. On exercise, Stapled the increased capital Securities will rank equally for (interests) dividends/distributions with other Stapled Securities on issue.

Part 2 - Bonus issue or pro rata issue

• See chapter 19 for defined terms.

Appendix 3B Page 4

1/1/2003

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

• See chapter 19 for defined terms.

Appendix 3B Page 6

1/1/2003

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 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 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number +Class 42 Number and +class of all +securities quoted on ASX ( including the securities in clause 38)

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.

• 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: Print name: Nicole Riethmuller Company Secretary

Date: 8 September 2011

• See chapter 19 for defined terms.

Appendix 3B Page 8

1/1/2003