CENTREPOINT ALLIANCE LIMITED — M&A Activity 2011

Apr 7, 2011

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Announcement to the Market

8 April 2011

Proposed Transaction to Increase Holding in Partly-Owned Financial Services Business

Further to the announcement on 10 March 2011 regarding the raising of additional capital to pursue opportunities to acquire outstanding interests in partly owned entities, Centrepoint Alliance Limited (ASX Code: ‘CAF”) is pleased to announce it has entered into a Merger Implementation Deed, which sets out the proposed terms and process of an offer to acquire the outstanding shares in Ventura Investment Management Ltd (VIML) by way of a Scheme of Arrangement. CAF currently owns 17% of VIML through its holding in Professional Investment Holdings Ltd (PIH).

VIML is a special purpose funds management company established to offer a range of professionally managed investments with more than $670 million in funds under management.

The acquisition is conditional upon the approval of VIML shareholders and an independent expert’s report finding the offer is in the best interests of VIML shareholders.

The proposed terms of the acquisition are as follows;

1. A fully franked cash dividend of 46 cents per share to be paid by VIML to its current shareholders.

2. The conversion of VIML Planner shares to VIML Founder shares at a ratio of 0.8860017 to one.

3. Scrip for scrip offer where VIML shareholders (post conversion of Planner shares to Founder shares) will receive 1.4 CAF shares for each VIML share.

Accordingly, acquisition of the remaining 83% of VIML will involve the issue of approximately 4,460,000 shares in CAF.

The acquisition is expected to be earnings per share neutral in Financial Year 2012, but 100% ownership is expected to deliver benefits to the Group in terms of complete control of a core investment platform activity and increases in profitability through improved offering to the Group’s clients in subsequent years.

Assuming all necessary approvals are received, CAF expects the acquisition to be completed by 31 August 2011.

For further information please contact:

Tony Robinson Ian Magee Managing Director Company Secretary Centrepoint Alliance Limited Centrepoint Alliance Limited Ph: 0407 355 616 Ph: (08) 9420 1203

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