CLEARVIEW WEALTH LIMITED — Capital/Financing Update 2008

Aug 26, 2008

==> picture [595 x 87] intentionally omitted <==

==> picture [595 x 87] intentionally omitted <==

COMPANY ANNOUNCEMENT

Date: 27th August, 2008

In accordance with Listing Rule 3.10A, MMA advises that 7,162,016 ordinary shares will be released from voluntary escrow if at the AGM to be held on the 23 October 2008 the shareholders approve the previously announced proposal for a capital return of $75 million and the share sale agreement between Guinness Peat Group (GPG) and HGL Limited (HGL).

Brian Wright Company Secretary. MMC Contrarian Limited (+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.