CLEARVIEW WEALTH LIMITED — Capital/Financing Update 2009

Apr 8, 2009

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9 April 2009

The Manager Companies Announcements Office Australian Stock Exchange Level 4, 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

COMPLETION OF THE ACQUISITION OF COMMUNITY & CORPORATE FINANCIAL SERVICES PTY LTD AND CHANGE IN LISTING STATUS

Completion of the acquisition of Community & Corporate Financial Services Pty Ltd

As announced on 5 March 2009, MMC Contrarian Limited (MMA) and Tolhurst Group Limited (TNL) entered into a Business Sale Agreement (BSA) to effect the purchase and sale of the business and assets of Community & Corporate Financial Services Pty Ltd (ComCorp). The Board of MMA is pleased to announce that the purchase of ComCorp has completed today.

Further to the previous announcement, the parties have agreed to reduce the purchase consideration from $8.455 million to $7.917 million, of which $400k has been withheld for a period of 6 months post completion subject to the Seller meeting certain conditions including but not limited to the novation of the residual Contracts.

The deferred purchase payments assumed by MMA has increased from $1.623 million to a maximum of $1.923 million. This potential increase is associated with the assumption of certain financial obligations of ComCorp in relation to the purchase and sale of some smaller financial planning practices.

The completion of the transaction results in the transfer to MMA of more than $800 million of funds under advice as well as the key Advisers, Assets and Employees.

The acquisition of the ComCorp business by MMA is consistent with MMA’s stated strategy of developing a broader presence in the wealth management industry.

Change in Listing Status

Further to the announcement on 20 February 2009 and in line with MMA’s stated strategy, the Board is pleased to communicate to shareholders that confirmation has been received from the ASX that MMA will no longer be classified as an ‘investment entity’ for the purposes of the ASX listing rules. Accordingly, the NTA announcement due on 14 April 2009 will be the last NTA lodgement required under listing rule 4.12.

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For further information, please contact:

Alex Hutchison Managing Director MMC Contrarian Limited 02 9224 0700

Athol Chiert Company Secretary MMC Contrarian Limited 02 9224 0700