ARC FUNDS LIMITED — Board/Management Information 2011

Oct 30, 2011

TO: COMPANY ANNOUNCEMENTS OFFICE

COMPANY: AUSTRALIAN SECURITIES EXCHANGE LIMITED FROM: VAN EYK THREE PILLARS LIMITED DATE: 31 OCTOBER 2011

NO. OF PAGES: 1

Market Update

van Eyk Three Pillars Limited ( VTP ) successfully completed its off-market share buyback on 24 October 2011. A total of 3,229,880 shares or 62.38% of company’s total number of shares were bought back. As a result of the buyback, there has been a change in the control of the company with the majority shareholder Tidewater Investments Limited’s ( TDI ) voting power increasing to 52.63%.

Having completed and implemented the strategic review during 2009 and 2010 along with the more recent off-market share buyback, directors Stuart Nisbett, John Vatovec, Alex MacLachlan, Chris Duffield, Alan Dixon and Chris Brown have resigned as directors of VTP with immediate effect. Since election of the board in September 2009, the company has returned over $117.5 million to shareholders. The aforementioned directors would all wish to thank VTP shareholders for their continued support through the strategic review period since joining the board in 2009.

Andrew Brown, a director of TDI has been appointed as a director to the board of VTP, along with Steve Roberts, also a director of TDI, and Richard Ochojski.

In addition, Brian McGarry has resigned as company secretary with immediate effect. Andrew Brown has been appointed as company secretary.

van Eyk Three Pillars Limited ABN 91 106 854 175 PO Box 767, Crows Nest, NSW 1585 P 1300 732 413