CLEARVIEW WEALTH LIMITED — Earnings Release 2007

Aug 26, 2007

Appendix 4E Year ended 30 June 2007

Appendix 4E Full Year Report Period Ended 30 June 2007

1. Name of Entity:

MMC CONTRARIAN LIMITED

ACN: 106 248 248 Period ended ("reporting period) 30 June 2007 Period ended ("previous corresponding period) 30 June 2006

2. Results for announcement to the market

(Amount and percentage change up or down from the previous corresponding period)

• 2.1 Revenues from ordinary activities

• 2.2 Profit from ordinary activities after tax attributable to members

• 2.3 Net profit for the reporting period attributable to members

vious corresponding period)	vious corresponding period)	vious corresponding period)
% change			$ 000
		39%-3%-3%	14,687
			20,325
			20,325

• 2.4 Dividends

Final 2006 dividend to be paid 5 October 2007 Interim 2006 dividend paid 23 March 2007

Previous corresponding period Final 2006 dividend paid 21 September 2006 Interim 2006 dividend paid 23 March 2006

• 2.5 Record date for determining entitlements to the dividends

Amount per security	Franked amountper security
4.0 cents4.0 cents3.0 cents3.0 cents	4.0 cents4.0 cents
	8.0 cents3.0 cents3.0 cents
	6.0 cents
	21 September 2007

• 2.6 Explanation of the results for the current period

See Chairman's and directors' reports.

3. Net tangible assets per security

Net tangible asset backing per ordinary security - cents per share

Reporting period	Previouscorresponding period
100.7	110.3

Appendix 4E Year ended 30 June 2007

4. Control gained over entities having a material effect

On 1 February 2007 the Company acquired MMC Asset Management Limited. Full details are in the financial statements.

5. Dividends

The final dividend of 4 cents a share will be be paid on 5 October 2007. The record date is 21 September 2007.

6. Details of dividend reinvestment plan in operation and the last date for the

receipt of an election notice for participation in any dividend reinvestment plan.

The Directors established the dividend reinvestment plan to provide shareholders with the opportunity

of reinvesting their dividends in ordinary shares of the Company. The shares will be issued at the weighted average market price of shares sold on the ASX on the record date and the 3 trading days preceeding that date. There is no discount.

Notices for the dividend reinvestment plan must be received by the share registry by no later than 5:00pm on the record date for a forthcoming dividend in order to take effect for that dividend.

7. Details of associates and joint venture entities

There were no associates or joint venture entity holdings in the current period.

Compliance Statement

8. The information provided in this report has been prepared in accordance with AASB standards, other AASB authoritative pronouncements and Urgent Issues Group Consensus Views or other standards acceptable to ASX.

9. The MMC Contrarian Limited Financial Report for the period ended 30 June 2007 has been subject to audit. A copy of the independent audit report to the members of MMC Contrarian Limited is attached.