FSA GROUP LIMITED — Capital/Financing Update 2009

Feb 18, 2009

FSA GROUP LIMITED

19 February 2009

FIRST HALF FY2009 – Profit Guidance Record PBT $4.6m to $5.0m

FSA Group is expected to report a record Profit Before Tax for the half year ended 31 December 2008 of between $4.6m and $5.0m. This record result represents a 160% to 185% increase when compared to the half year ended 31 December 2007.

Demand for FSA Group services is at a record high. This has been particularly noticeable in the consumer debt area with the debt agreement, personal insolvency agreement and bankruptcy divisions assisting a record number of clients. The number of clients assisted by FSA Group who lodged debt agreements rose 48% when compared with the previous corresponding period.

The residential mortgage lending division, established at the start of the 2008 financial year contributed $1.0m to profit before tax for the half year ended. The mortgage loan pool as at December 2008 was $127m. This division is expected to contribute profit before tax of around $2.5m for financial year 2009 rising to $5.0m for financial year 2010 on existing business levels. These profit forecasts can be achieved without increasing the size of the non-recourse Westpac funding facility.

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“Mortgage lending has been a great success. It has provided FSA Group with exceptional annuity interest income and we predict it to grow strongly” said Executive Director Mr Odillo Maher.

“Historically the greatest demand for our services has always been the second half of the financial year. We have already seen record client numbers in January and February to date. FSA Group is very well positioned to assist an increasing number of clients with its comprehensive range of debt solutions and direct lending services” said Mr Odillo Maher.

FSA Group reconfirms its guidance for the year ended 30 June 2009:

• Profit Before Tax of $10.5m

• Profit After Tax (attributable to members) of $6.6m

• Net Tangible Asset Backing per Share of 21.8c

• Basic Earnings per Share of 5.53c

FSA Group expects to lodge its final Interim Financial Statements for the half year ended 31 December 2008 in the last week of February following the completion of the review by the Company’s auditors.

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