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IMPERIAL PACIFIC LIMITED Capital/Financing Update 2007

Sep 3, 2007

65134_rns_2007-09-03_ec0eae5a-25e7-4218-b23d-ec7af0e7d13b.pdf

Capital/Financing Update

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Belmont Holdings Limited

(ABN 65 000 144 561)

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Level 10 19 Pitt Street Sydney NSW 2000 Tel: 9247 9315 Fax: 9247 9336

- ASX ANNOUNCEMENT -

Announcement by MainstreamBPO Pty Limited

The Directors of Belmont Holdings Limited advise that MainstreamBPO Pty Limited, the specialist business process outsourcing company in which Belmont Holdings Limited is a strategic investor, has announced the purchase of the Group Benefits Pty Limited companies in Melbourne.

MainstreamBPO provides administration processing services for managed funds through its subsidiary FundBPO Pty Limited and Group Benefits provides extensive administration services for superannuation clients. Mr Byram Johnston and Mr Martin Smith (CEO and COO respectively of MainstreamBPO) and Mr Greg Taylor (CEO of Group Benefits) believe there are very strong synergies between the businesses and their people.

Belmont Holdings Limited has invested $1,750,000 in MainstreamBPO Pty Limited by way of Convertible Redeemable Unsecured Notes to support that company’s growing business. The notes are presently capable of converting into 20% of MainstreamBPO’s equity by 31 October 2008.

On behalf of the Board