30 June 2014

When the Trust’s PDS was prepared, Cromwell Funds Management Limited intended to finalise the Bank Loan by June 2014 (see Section 10.9).  However, due to the Bank Loan not being required to be drawn until October 2015 (see Section 1.9.2 of the PDS) and to minimise the costs associated with maintaining an undrawn facility, Cromwell Funds Management Limited has delayed finalisation of the Bank Loan.  

Cromwell Funds Management now expects to finalise the Bank Loan by 31 December 2014. 

If you have any questions, please contact Cromwell Investor Services on 1300 CROMWELL (1300 276 693) or email invest@cromwell.com.au.

Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333214 (CFM) has prepared this update and is the responsible entity of, and the issuer of units in, the Cromwell Property Trust 12 ARSN 166 216 995 (the Trust). Even though the Trust is no longer open to new investment, before making any investment decision in relation to the Trust, it is important that you read the product disclosure statement dated 29 October 2013 (PDS). The PDS is issued by CFM and is available from www.cromwell.com.au or by calling Cromwell Investor Services on 1300 276 693. This update has been prepared without taking into account any investor’s objectives, financial situation or needs. Before making an investment decision, investors should consider the PDS and assess, with or without a financial or tax adviser, whether the product is appropriate given the investor’s objectives, financial situation or needs. Past performance is not indicative of future performance. Forward-looking statements in this update are provided as a general guide only and are subject to the risks and assumptions set out in the PDS. CFM and its related bodies corporate, and their associates, do not receive any remuneration or benefits for the general advice given in this update. If you acquire units in the Trust, CFM will receive fees as disclosed in the PDS.