FSA GROUP LIMITED — Capital/Financing Update 2009

Jun 11, 2009

FSA GROUP LIMITED

12 June 2009

Mortgage Lending Division: Westpac $210m Facility Renewed

FSA Group’s $210 million non-recourse residential mortgage funding facility has been renewed by Westpac Banking Corporation for a further term of 14 months until 15 July 2010.

FSA Group’s equity contribution to support the facility has increased from 1% to 3% of the outstanding loan pool balance. This increase of up to $4 million will be funded internally. Pricing of the facility has increased in line with existing market conditions and will have no material impact on previous profit guidance.

“We have originated a high quality loan pool which is currently performing better than our peers in the industry. Our disciplined and conservative approach to origination and exceptional arrears management has been key to Westpac’s decision to renew the facility” said Executive Director Tim Odillo Maher.

At the end of April 2009 the loan pool was around $140 million. The key strengths of FSA Group’s loan pool are as follows:

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• Low > 30 day arrears: <4.0% (industry average >15%)

• High concentration of income verified (“Full Doc”) borrowers: >92%

• Low “loan to valuation ratios”: weighted average <67%, arithmetic average 60%

• Low average loan size: $200,000

• Broad geographical spread around Australia

FSA Group re-confirms the recent group profit guidance for the 2009 financial year of Profit Before Tax (“PBT”) of $12 million to $13 million of which the residential mortgage lending division will contribute around $2.5 million to PBT. For financial year 2010 FSA Group expects the residential mortgage lending division will contribute greater than $5.5 million to PBT on existing monthly origination and prepayment levels.

FSA Group continues to act as a mortgage broker to third party lenders for approximately 60% of loan applications – mortgage broking remains a key component of FSA Group’s revenue.

For and on behalf of the Board Duncan Cornish Company Secretary

FSA Group Limited Head Office Level 3, 70 Phillip Street Sydney, NSW, 2000

Phone: (1300) 660 032 Fax: (1300) 660 050 info@fsaFSA Group.com.au

ASX Code: FSA