CLEARVIEW WEALTH LIMITED — Capital/Financing Update 2010

Mar 25, 2010

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

MMC Contrarian Limited

ABN

83 106 248 248

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to Fully paid ordinary shares be issued 2 Number of[+] securities issued or 146,562,192 to be issued (if known) or maximum number which may be issued 3 Principal terms of the[+] securities Fully paid ordinary shares (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

1109526-v1\SYDDMS\AUSLMX

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

4 Do the[+] securities rank equally in Yes all respects from the date of allotment with an existing[+] class of quoted[+] securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration $0.50 per share 6 Purpose of the issue The net proceeds from the issue will (If issued as consideration for the provide MMC Contrarian Limited with part acquisition of assets, clearly of the funds required to undertake the identify those assets) acquisition of MBF Management Pty Ltd. 7 Dates of entering[+] securities Wednesday, 5 May 2010 into uncertificated holdings or despatch of certificates Number +Class 8 Number and +class of all 293,124,384 ORD +securities quoted on ASX ( including the securities in clause 2 if applicable)

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

			Number	+Class
9	Numberand+classof	all	N/A	N/A
	+securities not quoted on ASX
	(includingthesecurities	in
	clause 2 if applicable)
10	Dividend policy (in the case	of a	As per existing fully	paid ordinary shares
	trust, distribution policy) onincreased capital (interests)	the	(and as described in Section 7.8 of theProspectus).

Part 2 - Bonus issue or pro rata issue

11	Issecurityholder	approval	No
	required?
12	Is the issue renounceable or		Non-renounceable
	non-renounceable?
13	Ratio in which the+securities will		1 for 1
	be offered
14	+Class of+securities to which the		Fully paid ordinary shares
	offer relates
15	+Recorddateto	determine	Wednesday, 7 April 2010
	entitlements
16	Willholdingson	different	No
	registers (or subregisters) be
	aggregatedfor	calculating
	entitlements?
17	Policy for deciding entitlements		N/A
	in relation to fractions
18	Names of countries in which the		The offer is only open to shareholders with
	entity has+security holders whowill not be sent new issue		registered addresses in Australia and NewZealand.
	documents
	Note: Security holders must be told how their
	entitlements are to be dealt with.
	Cross reference: rule 7.7.
19	Closing date for	receipt of	Thursday, 27 April 2010
	acceptances or renunciations

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

	20Names of an21Amount of aor commissi	20Names of an21Amount of aor commissi	y underwritersny underwriting feeon	Commonwealth Securities Limited	Commonwealth Securities Limited	Commonwealth Securities Limited
				An underwriting fee of 3% of the grossproceeds of the Entitlement Offer andPlacement (excluding proceeds receivedfrom GPG under the Entitlement Offer)and a management fee of 0.5% of thegross proceeds of the Entitlement OfferandPlacement.
	2223	Names ofissueFee or comthe broker to	any brokers to the
				N/A
			mission payable tothe issue	N/A
	24Amount of any handling feepayable to brokers who lodgeacceptances or renunciations onbehalf of+security holders25If the issue is contingent on+security holders’ approval, thedate of the meeting26Dateentitlementandacceptance form and prospectusor Product Disclosure Statementwill be sent to persons entitled27If the entity has issued options,and the terms entitle optionholderstoparticipateonexercise, the date on whichnotices will be sent to optionholders28Date rights trading will begin (ifapplicable)29Date rights trading will end (ifapplicable)30How do+security holders selltheir entitlements_in full_througha broker?31How do+security holders sell_part_of their entitlements through			N/A
				N/A
				Monday, 12 April 2010
				N/A
				N/A
				N/A
				N/A
				N/A

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

a broker and accept for the balance?

32 How do +security holders N/A dispose of their entitlements (except by sale through a broker)? 33 +Despatch date

Wednesday, 5 May 2010

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities ( tick one )

(a) Securities described in Part 1 (b) All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional +securities held by those holders

36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

37 A copy of any trust deed for the additional[+] securities

Entities that have ticked box 34(b)

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

38Number of securities for which+quotation is sought39Class of+securities for whichquotation is sought40Do the+securities rank equally inall respects from the date ofallotment with an existing+classof quoted+securities?If the additional securities do notrank equally, please state:•the date from which they do•the extent to which theyparticipateforthenextdividend, (in the case of atrust, distribution) or interestpayment•the extent to which they donot rank equally, other than inrelation to the next dividend,distributionorinterestpayment41Reason for request for quotationnowExample: In the case of restricted securities,end of restriction period(if issued upon conversion ofanother security, clearly identifythat other security)42Numberand+classofall+securitiesquotedonASX(_including_the securities in clause38)
	Number	+Class

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

  • The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

  • There is no reason why those[+] securities should not be granted +quotation.

  • An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the[+] securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

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Sign here: ............................................................ (Director/Company secretary)

Date: 26 March 2010

Print name: Athol Chiert

• See chapter 19 for defined terms.

24/10/2005

Appendix 3B Page 7