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CLEARVIEW WEALTH LIMITED Interim / Quarterly Report 2011

Feb 15, 2011

64733_rns_2011-02-15_a1e46bd3-5aa2-41e7-ad0c-c22b4b574958.pdf

Interim / Quarterly Report

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16 February 2011

The Manager Companies Announcement Office Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000

Dear Sir/ Madam

RESULTS FOR ANNOUNCEMENT TO THE MARKET

Please refer to the following information in relation to ClearView Wealth Limited’s results for the six months ended 31 December 2010:

Part 1: Appendix 4D;

Part 2 : ClearView Wealth Limited 1H FY2011 condensed consolidated financial statements;

Part 3 : Results media release; and

Part 4 : Results investor presentation.

Yours sincerely,

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Athol Chiert

Chief Financial Officer and Company Secretary

About ClearView Wealth Limited

ClearView Wealth Limited is an Australian financial services company providing life insurance, wealth management and financial planning solutions. ClearView manages $3.1 billion of client assets and has inforce premiums of $41 million. Additional information is available at www.clearview.com.au.

ClearView Wealth Limited ∙ Address Level 4, 50 Bridge Street, Sydney NSW 2000 ∙ Mail Address GPO Box 4232 Sydney NSW 2001 ∙ Telephone 02 8095 1300 Facsimile 02 9323 1960 ∙ Service Telephone 132 977 ∙ Sales Telephone 132 976∙ www. clearview.com.au

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Appendix 4D Condensed Consolidated Half Year Report Period Ended 31 December 2010

1. Name of Entity: ClearView Wealth Limited ACN: 106 248 248 Half year ended ("reporting period") 31 December 2010 Half year ended ("previous corresponding period") 31 December 2009

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 Net profit after tax from ordinary activities 2.3 Net profit for the reporting period attributable to members

period) period)
% change$000
2003% 139,489
709% 2,942
709% 2,942

The results for the half-year period include the consolidation of ClearView Group Holdings Pty Limited (CVGH) whereas these were not included in the comparative period due to the acquisition being completed in June 2010. For further information see Directors' Report

2.4 DividendsNil2.5 Record date for determining entitlements to the dividends At it Franked amount
moun per secury per security
N/A N/A
N/A
  • 2.6 Explanation of the results for the current half year period

See Directors' Report

3.Net tangible assets per securityNet tangible asset backing per ordinary security (cents) Reporting period Previouscorresponding period
44.4 65.6

Net tangible asset backing per ordinary share excludes the shares issued in terms of the employee share plan (ESP) as well as the associated ESP plan loans. Had the employee share plan shares been included in the calculation together with the ESP plan loans the net tangible asset backing per share would have been 45 cents per share (December 2009: 65 cents)

The reduction in net tangible assets backing per ordinary share is as a result of the utilisation of cash reserves for the acquisition of CVGH.

4. Control gained or lost over entities

None.

Appendix 4D Condensed Consolidated Half Year Report Period Ended 31 December 2010

5. Dividends

An interim dividend of Nil cents a share will be paid.

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 have previously suspended the Dividend Reinvestment Plan (DRP). No interim dividend has been declared.

7. Details of associates and joint venture entities

ComCorp Financial Advice Pty Limited holds 40% of the issued share in Berry Financial Services Pty Limited. The Groups share of the profits of the associate amounted to $19,908 for the period under review (December 2009: ($33,370)).

Compliance Statement

8. The information provided in this report has been prepared in accordance with AASB standards, other AASB authoritative pronouncements or other standards acceptable to ASX.

9. The ClearView Wealth Limited Financial Report for the financial half year ended 31 December 2010 has been subject to review. A copy of the independent review report to the members of ClearView Wealth Limited is attached.