CLEARVIEW WEALTH LIMITED — Board/Management Information 2007

Jul 8, 2007

MMC

Contrarian

Limited

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

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

ABN 83 106 248 248

9 July 2007

Erik Metanomski resigns as Director

Erik Metanomski has resigned as a director of MMC Contrarian effective immediately and Peter Constable, who has been Erik’s alternate since 2003, has been appointed a Director in his place.

By way of mutual agreement, the board and Erik have decided to bring forward his departure as an employee of MMC Asset Management from the previously announced date of November 15 2007, to today.

If you have any questions in relation to this announcement please call Andrew Fairweather on 612 9224 0700.

David Mackaway Company Secretary