2008 ANNUAL MEETING DATE CHANGE AND DIRECTOR NOMINATIONS

23 July 2008

To avoid a clash with the proposed meeting of investors in relation to Dorchester Finance’s deferred repayment plan, Dorchester Pacific Limited has moved the date of its Annual Shareholders Meeting to 24 September 2008, commencing at 2pm in the Newmarket Room, Ellerslie Event Centre, 80-100 Ascot Avenue, Greenlane, Auckland.

The meeting of Dorchester Finance’s Debenture and Note Holders to vote on the deferred repayment plan is now likely to be held at the end of August or early September.

For the purposes of NZX Listing Rule 3.3.2, Dorchester advises that Director nominations have re-opened and will now close on Wednesday 6 August 2008.  All nominations must be received by 4.00 pm on the closing date.  Nominations received during the nomination period up to 30 June 2008 will remain valid.

Nominations may be made by a shareholder entitled to attend and vote at the Annual Meeting, and must be accompanied by the consent in writing of the nominated person.

Nominations should be addressed to:

Blair Lobb
Dorchester Pacific Limited
P O Box 3286
Shortland Street
Auckland

Ends