CLEARVIEW WEALTH LIMITED — Capital/Financing Update 2008

Jan 29, 2008

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COMPANY ANNOUNCEMENT

Date: 30th January, 2008

Capital Return Approval

At MMC Contrarian Limited’s (MMA) AGM held on Thursday the 25 October 2007, shareholders approved the 10 cent capital return subject to receiving confirmation from the Australian Tax Office (ATO) that the payment will be treated as a return of capital for Australian tax purposes.

The Company is now pleased to advise that a final class ruling has been received from the ATO, which confirms that the proposed capital return of 10 cents per share will be treated as a return of capital for Australian tax purposes.

Please see separate announcement for the timetable for the capital return.

Full details of the class ruling CR 2008/4 are available on the ATO’s website at http://law.ato.gov.au

For further information regarding this announcement, please contact:

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.