CLEARVIEW WEALTH LIMITED — AGM Information 2008

Oct 22, 2008

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MMC Contrarian AGM

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October 23, 2008 - Sydney, Australia

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Agenda

• Chairman’s Address – Kevin Eley

• CEO Address – Alex Hutchison

• Resolution 1 – ‘Share Buy Back’

• Resolution 2 – ‘Approval of acquisition by GPGA of Shares from HGL’

• Resolution 3 – ‘Re-election of Ray Kellerman as a

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Agenda

• Resolution 4 – ‘Re-election of Anthony Eisen as a Director’

• Resolution 5 – ‘Re-election of Peter Wade as a Director’

• Resolution 6 – ‘Adoption of Remuneration Report’

• • Resolution 7 – ‘Increase the maximum aggregate remuneration of non-executive directors’

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Chairman’s Address

Kevin Eley Chairman

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CEO Address

Alex Hutchison Chief Executive Officer

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Wealth Management Value Chain
Custodial Services Asset Mgmt Administration Dealerships Distribution
0-5 bps 30-80 bps 20-60 bps 5-15 bps 40-80 bps
= 100-240 bps
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Wealth Management Value Chain
Custodial Services Asset Mgmt Administration Dealerships Distribution
0-5 bps 30-80 bps 20-60 bps 5-15 bps 40-80 bps
= 100-240 bps
7
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Australian Superannuation Market – growth compared to Asia

2006 Total US$1,858 billion

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India
China
Hong Kong 2.9%
4.4%
3.0%
Japan Singapore
39.0% 4.5%
Other
Countries
US$801.0bn 3.1%
Australia
43.1%
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2015 Total US$4,114 billion

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China
Hong Kong
13.0%
3.2%
South Korea
6.4% India
Japan 5.0%
19.3%
Singapore
3.4%
US$1936.1bn
Other
Countries
Australia 5.9%
47 0% 8
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Total superannuation assets 2008 / 2021 The majority of our business is

Superannuation based

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Superannuation
is expected to
more than
double/triple?
over the next
13 years
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Resolution 1 - Share Buy Back

To consider and, if thought fit, to pass with or without modification the following resolution as an ordinary resolution:

'That, conditional upon Resolution 2 being authorised and approved, the Company authorises and approves:

(a) the terms of the Buy Back Agreements (as defined in the Explanatory Statement) described in the Explanatory Statement which accompany this Notice of Meeting, for all purposes, including for the purposes of:

(i) Part 2J.1 of the Corporations Act 2001 (Cth) and the ASIC Exemption (as defined in the Explanatory statement); (ii) the Listing Rules (including Listing Rule 10.1);

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Resolution 1 - Share Buy Back

(b) each Buy Back Agreement, entered in those terms and during the 12 months commencing from the date of this resolution to the extent that:

• (i) approval is required under Part 2J.1 of the Corporations Act 2001 (Cth) and the ASIC Exemption (as defined in the Explanatory Statement);

• (ii) approval of such Buy Back Agreements would not result in the Company buying back more than A$75 million of the

• Company's fully paid ordinary shares at the price per share equal to the NTA Amount (as defined in the Explanatory Statement); and

• (iii) approval is required under Listing Rule 10.1.'

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Resolution 1 - (proxy votes)

VOTE TYPE VOTED % For – 56,096,956 95.52% Against – 783,059 1.33% Discretionary - 1,430,747 2.44%

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Resolution 2 - Approval of acquisition by GPGA of Shares from HGL

To consider and, if thought fit, to pass with or without modification the following resolution as an ordinary resolution:

'That, conditional upon Resolution 1 being authorised and approved, the Company authorises and approves the acquisition by Guinness Peat Group (Australia) Pty Ltd of up to 34,383,611 of the Company's fully paid ordinary shares from HGL Limited for the Purchase Price (as defined in the Explanatory Statement) and for all purposes including for the purposes of section 611 item 7 of the Corporations Act.'

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Resolution 2 - (proxy votes)

VOTE TYPE VOTED % For – 55,819,778 95.71% Against – 638,665 1.09% Discretionary - 1,436,747 2.46%

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Buy Back Offer:

Description Total Total Shares Acceptances Total Acceptances 1197 77,260,410

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MMC Contrarian AGM

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October 23, 2008 - Sydney, Australia

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Resolution 3 - Re-election of Ray Kellerman as a Director

To consider and, if thought fit, to pass with or without modification the following resolution as an ordinary resolution:

‘That Ray Kellerman who retires as a Director by rotation, being eligible and having offered himself for re-election as a Director in accordance with Rule 6.4 of the Company's constitution, be re-elected as a Director.’

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Resolution 3 - (proxy votes)

VOTE TYPE VOTED % For – 123,123,854 95.70% Against – 2,193,542 1.70% Discretionary - 3,342,804 2.60%

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Resolution 4 - Re-election of Anthony Eisen as a Director

To consider and, if thought fit, to pass with or without modification the following resolution as an ordinary resolution:

‘That Anthony Eisen who was appointed a Director on 12 November 2007, being eligible and having offered himself for re-election as a Director in accordance with Rule 6.2 of the Company's constitution, be re-elected as a Director.’

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Resolution 4 - (proxy votes)

VOTE TYPE VOTED % For – 123,376,611 95.80% Against – 2,034,352 1.58% Discretionary - 3,371,804 2.62%

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Resolution 5 - Re-election of Peter Wade as a Director

To consider and, if thought fit, to pass with or without modification the following resolution as an ordinary resolution:

‘That Peter Wade who was appointed a Director on 31 October 2007, being eligible and having offered himself for re-election as a Director in accordance with Rule 6.2 of the Company's constitution, be re-elected as a Director.’

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Resolution 5 - (proxy votes)

VOTE TYPE VOTED % For – 122,717,960 95.20% Against – 2,815,567 2.18% Discretionary - 3,371,804 2.62%

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Resolution 6 - Adoption of Remuneration Report

To consider and, if thought fit, to pass with or without modification the following resolution as an ordinary resolution:

‘That the Remuneration Report for the financial year ended 30 June 2008 be adopted.’

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Resolution 6 - (proxy votes)

VOTE TYPE VOTED % For – 115,631,813 93.24% Against – 4,985,392 4.02% Discretionary - 3,400,644 2.74%

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Resolution 7 - Increase the maximum aggregate remuneration of non-executive directors

To consider and, if thought fit, to pass with or without modification the following resolution as an ordinary resolution:

'That, with effect from and including the financial year commencing 1 July 2008, the Company authorises and approves the aggregate maximum sum available for the remuneration of non-executive directors being increased by A$150,000 per year to A$450,000 per year, for all purposes including for the purposes of Listing Rule 10.17'.

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Resolution 7 - (proxy votes)

VOTE TYPE VOTED % For – 67,958,126 83.76% Against – 11,317,592 13.95% Discretionary - 1,473,523 1.82%

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MMC Contrarian AGM

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October 23, 2008 - Sydney, Australia

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Disclaimer

The information in this presentation is general securities advice only and is not intended to constitute a securities recommendation. The advice does not take into account the investment objectives, financial situation and particular needs of an investor. Before making an investment decision we suggest you take into consideration whether the advice is appropriate to your particular investment objective, financial circumstances and recommend you consult a financial adviser.

The information contained in this presentation is given in good faith and has been derived from sources believed to be accurate. MMC Contrarian Limited and its related entities distributing this document and each of their respective directors, officers and agents believe that the information contained in this document is correct and that any estimates, opinions, conclusions or recommendations contained in this document are reasonably held or made as at the time of compilation. However, no warranty is made as to the accuracy or reliability of any estimates, opinions, conclusions, recommendations (which may change without notice) or other information contained in this document and, to the maximum extent permitted by law, MMC Contrarian Limited disclaims all liability and responsibility for any direct or indirect loss or damage which may be suffered by any recipient through relying on anything contained in or omitted from this document.

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MMC Contrarian AGM

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October 23, 2008 - Sydney, Australia

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Performance Chart:

Performance Chart as @ SEPT 2008	ASF	All Ords.	Diff	SCF	Small Ords.	Diff
Inception Date	31/01/2000	Accum.		01/07/1999	Accum.
1 Month	-3.1%	-10.6%	7.5%	-10.1%	-15.0%	5.0%
3 Months	-0.2%	-11.9%	11.7%	-9.5%	-18.1%	8.6%
6 Months	-9.0%	-12.4%	3.4%	-11.3%	-21.9%	10.6%
Financial year to date	-0.2%	-11.9%	11.7%	-9.5%	-18.1%	8.6%
1 Year	-21.3%	-26.6%	5.3%	-41.1%	-34.5%	-6.6%

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MMC Contrarian AGM

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October 23, 2008 - Sydney, Australia

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