Australia and New Zealand Banking Group Ltd. — Major Shareholding Notification 2008

May 6, 2008

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REMOVAL OF ANZ / OPES PRIME OVERHANG

The Directors of Aequs Capital Limited (“ Aequs ” or “ the Company ”) believe that the quantum of securities in the Company transacted on ASX on 5 May 2008 (4,234,272 shares) resulted from the clearance by Australia and New Zealand Banking Group Limited (“ ANZ ”) of its approximate 11% stake in Aequs. ANZ acquired a stake in Aequs as a result of transactions entered into pursuant to Australian Master Securities Lending Agreements with Opes Prime Stockbroking Limited (“ Opes Prime ”) and Leveraged Capital Pty. Limited.

Opes Prime was placed into receivership by ANZ on Friday 28[th] March 2008. In total, Opes Prime held security over 4,052,666 shares in Aequs representing 11.22% of Aequs issued capital.

Given the wording used by ANZ in its ASX announcement of 8.48am on 6 May 2008, specifically that:

“the interests identified in the schedule may include shares which have been sold by the ANZ Group (as part of the Disposal Programme referred to in earlier announcements) pursuant to transactions which had not settled as at close of trading on 5 May 2008”

it is likely that ANZ will make further announcements in respect of ownership of Aequs shares over the next two days, despite these Aequs shares having been sold.

For further information:

Drew Metcalfe Managing Director (02) 8274 6096 / 0418 215 113

Andrew Brown Director/Company Secretary (02) 8258 0011 / 0418 215 255

Aequs Capital Limited ABN 15 087 225 509

phone: (02) 8274 6000 fax: (02) 9247 6428

www.aequs.com.au

Level 11, 7 Macquarie Place SYDNEY NSW 2000 PO Box R251, ROYAL EXCHANGE NSW 1225