CMV HISTORY (page 4)

During 1998 further agricultural expansion occurred with the acquisition of land at Langhorne Creek for a 182 hectare vineyard development for the supply of grapes to the Orlando Wyndham Group. This project involved the construction of a 13 kilometre pipeline from Lake Alexandrina to a large dam on the site. The first vines were planted in the spring of 1998 with progressive plantings occuring over the following years.

In January 1999 the CMV Group acquired a Kenworth and Mitsubishi dealership in Melbourne trading as the Hallam Truck Centre. This operation serves south eastern Melbourne and surrounding regions.

Further developments took place in Victoria during 1999 with the Volvo dealership at Clayton moving to purpose built premises to better serve the customer base of that area.

A greenfields site at Laverton in Victoria, was acquired by CMV in 1999 for the construction of a dual-franchised dealership for Volvo and Hino trucks and buses. This dealership commenced operation in January 2000 when CMV Truck & Bus at Campbellfield relocated.

In July 2000 a further 90 hectares of neighbouring land was purchased to expand our grape growing enterprise at Langhorne Creek following the signing of contracts with Orlando Wyndham Group. A further 130 hectare parcel of neighbouring land was secured in 2001 and plans of developing a total of 400 hectares of wine grapes for Orlando Wyndham Group are in progress.

IIn May 2002 CMV took full ownership of the Olney Syndicate following our partner’s retirement from the business. CMV Farms Lindsay Point and CMV Farms Murtho (formally Olney Syndicate) now consists of 335 hectares of almonds and 73 hectares of wine grapes and has a significant share of Laragon, the Lindsay Point based almond hulling and shelling facility.

In July 2003 CMV acquired Keen Office Furniture, a major supplier of commercial office furniture for businesses, situated then on West Terrace in Adelaide and now relocated to Richmond Road Keswick.

Also in July 2003 CMV Farms signed a contract with Orlando Wyndham to grow 160 hectares of wine grapes on a newly purchased piece of land at Robinvale. The development of this vineyard will be completed in 2005.

In June 2004 Riverland Almonds embarked on an expansion of the Loxton based processing facility following the agreement between CMV Farms and some large almond growers to purchase Riverland Almonds shares and have their almonds processed at Riverland Almonds. Due to this merger the tonnage to be processed at Riverland Almonds is anticipated to increase from 2000 tonnes to in excess of 6000 tonnes by 2008.

At the same time Nuts Producers Australia, located in Adelaide, was formed to act as the management and marketing arm for both Riverland Almonds and Australian Pioneer Producers of Australia. These businesses had previously operated independently.

Also in June 2004 CMV acquired La Salle Furniture, a manufacturer of commercial seating and timber laminating. La Salle is a division of Keen Office Furniture.

In November 2005 CMI Toyota opened its 2nd satelite service centre at Richmond, South Australia called CMI Westside.

In December 2005 CMV Truck & Bus, the Melbourne metropolitan dealer for Volvo trucks & buses opened another dealership in Warragul, Victoria called CMV Truck & Bus Gippsland.

IIn May 2006 the CMV Group began operating Southside Suzuki located at Christies Beach in Adelaide and Adelaide City Chrysler Jeep became a dealer for the Dodge brand. Also during this month the CMV Group was appointed the dealer for Mack Trucks in Adelaide and Melbourne. This appointment was is in line with Volvo Commercial Vehicles Australia’s policy of having combined dealerships for Mack and Volvo trucks in the Australia market.

In October 2006 CMI Toyota acquired an additional dealership at Cheltenham in South Australia. Adding to its City, Southside, Westside, Eastside & 4X4 operations, the new dealership is know as CMI Portside.

The CMV Group today celebrates over 70 Years in business

From a staff of five in 1934, the successful CMV Group now operates substantial operations in South Australia and Victoria with more than 1000 employees and an annual turnover in excess of $600m.