CLEARVIEW WEALTH LIMITED — Board/Management Information 2007

Sep 17, 2007

MMC

Contrarian

Limited ABN 83 106 248 248

Level 8, 34 Hunter Street Sydney NSW 2000 GPO Box 4964 Sydney NSW 2001

Phone: +612 9224 0700 Fax: +612 9233 2275

COMPANY ANNOUNCEMENT

Date: September 18, 2007

MMC Appoints Chief Financial Officer

MMC Contrarian Limited (ASX listing code: MMA) is pleased to announce the appointment of Brian Wright as the new Chief Financial Officer effective the 17[th] of September, 2007.

Brian has over 24 years of accounting and funds management experience having worked for Bankers Trust from 1990 to 2003 in a variety of roles. These included Operations Manager responsible for Derivatives and Foreign Exchange within BT’s Investment Bank and as a Business Manager responsible for Equities, Currency and International Bonds within BT Funds Management. Prior to working at Bankers Trust, Brian was an audit manager with KPMG Peat Marwick from 1983 to 1990. For the past three years, Brian was the Chief Financial and Operating Officer for Red Centre Capital, a Global Macro hedge fund based in Sydney.

Brian is a Chartered Accountant and has a Bachelor of Commerce majoring in Accounting from the University of New South Wales.

For further information please contact:

Andrew Fairweather Chief Executive Officer MMC Contrarian (+612) 9224 0700

About MMC Contrarian Limited

MMC Contrarian Ltd (ASX listing code: MMA) is a listed financial services company that:

• Creates and invests in unlisted boutique fund managers in various asset classes;

• Acquires strategic stakes in existing funds management business; and

• Generates income for shareholders from two sources (a) returns on a pool of listed equities, cash and funds that are managed by its investee companies and (b) recurring earnings from each manager that it creates or acquires.