EUREKA GROUP HOLDINGS LIMITED — Capital/Financing Update 2012

Mar 22, 2012

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Eureka Group Holdings Ltd ABN 15 097 241 159 4/486 Scottsdale Drive VARSITY LAKES QLD 4227 PO Box 4231 Robina Town Centre Qld 4230 Phone: 07 55680205 Fax: 07 55680206 Email: admin@villagemanager.com.au

For immediate release to the market Eureka Group Holdings Limited ASX Code EGH 23 March 2012

As a result of the significant systems and process improvements brought about by accreditation of its villages under the Queensland Residential Services (Accreditation) Act, and after a review of the age and needs of our tenants, Eureka intends to begin the process of applying to be an Approved Service Provider under the Aged Care Act.

A review of tenants in our villages has shown that over half of all tenants, whilst still in independent living units under Eureka’s control, receive some form of aged care. Indeed, the principal reason for a tenant moving from our premises is to move to a low or high care aged care facility.

The application for Approved Service Provider status is to future-proof the Eureka business. The average age of tenants in our villages is now approaching 84 years. As a result of the age of persons who now move into our villages, aged care is provided to our residents by a number of service providers. If we are successful, Eureka will be entitled to apply for Aged Care beds from the Federal Government, or acquire beds from operators unable to complete construction of villages due to current construction and financing challenges. If beds are able to be allocated to the company, this will broaden our service range to residents, and provide a higher level of service to our most vulnerable tenants. In return for this increased level of service, Eureka may be entitled to government financial assistance on a per bed basis as a provider of aged care services. This will increase our ability to provide an excellent service to our residents and assist in many areas to overcome demand for aged care beds.

For our unit owners, this will provide long term stability of income.

For our shareholders, if the application for Approved Service Provider, and for bed licenses, is successful, it will materially improve the business model of the company. Much work is still to be done on this, but it is clear that this path is to the benefit of all stakeholders.

Eureka is currently preparing a budget for the process and, upon completion of this, will consider a small capital raising to fund the application process. The company does not wish to risk its ongoing financial improvement and continued turnaround and is primarily outsourcing the tasks so that focus can be held specifically on winning new units under management, increasing occupancy, increasing length of agreements and increasing services uptake. These items have returned Eureka to profitability and must remain the primary focus of management whilst the Approved Service Provider process is undertaken.

Eureka further notes that it is in negotiation with the owners/mortgagees of 5 villages of an identical nature to our primary rental villages. Market updates will be provided with regard to appointments if and when they are made. Given the stage Eureka is at in its recovery, it is now actively seeking management rights and seeking to again grow the business after a long period of restructure and consolidation.

For further information contact: Lachlan McIntosh (Chairman) on (07) 3225 4901.