COG FINANCIAL SERVICES LIMITED — M&A Activity 2012

Mar 6, 2012

Armidale Investment Company Ltd

ABN: 58 100 854 788 Level 11, 139 Macquarie Street Sydney NSW 2000 Tel: 02 8014 1188 Fax: 02 8084 9918

ASX Company Announcements

7 March 2012

AIK in preliminary merger discussions with Riverwise.

Armidale Investment Company Limited (AIK) advises that it is having preliminary confidential merger discussions with Riverwise Pty Ltd (RPL), which owns 100% of Leading Edge Group Ltd.

As announced on 20 February 2012, AIK recently converted to shares its loan to RPL at a price of $7 per share. AIK now holds 12.75% of RPL’s issued capital.

AIK will advise should the current preliminary and confidential discussions lead to any definitive agreement. Any transaction will be subject to satisfactory due diligence enquires by AIK of RPL and any shareholder approvals required.

For further information please contact:

Gabriel Radzyminski David Franks Chairman Company Secretary 02 8014 1188 / 0467 483 005 02 9299 9690

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