INVESTSMART GROUP LIMITED — Board/Management Information 2013

Sep 24, 2013

Australasian Wealth Investments Limited

ACN 111 772 359

Level 4,1 Alfred Street Sydney NSW 2000 Australia Telephone +612 9080 2377 Fax +612 9080 2378

25 September 2013

Attention: Company Announcements ASX Limited Sydney NSW 2000

AUSTRALASIAN WEALTH INVESTMENTS ANNOUNCES THE APPOINTMENT OF BEN HEAP AS CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR

Australasian Wealth Investments (AWI) today announces the appointment of Ben Heap as its Chief Executive Officer and Managing Director.

Mr Heap is a highly regarded senior executive with extensive financial services experience in Australia and the United States. He recently resigned as Managing Director and Head of UBS Global Asset Management in Australasia. Mr Heap held this role for three years and prior to this role was Head of Infrastructure for UBS Global Asset Management in the Americas, based out of New York.

During his tenure at UBS in Australia, Mr Heap has been a member of the Country Committee of UBS and a Non-Executive Director of the Financial Services Council.

Before joining UBS in 2007, Mr Heap held a senior executive role at Australian Wealth Management Limited, with responsibility for research and asset management. He was previously employed as Head of Digital Business for TAB Limited (now Tabcorp), and as an M&A executive at Macquarie Bank.

Mr Heap's appointment aligns the structure of AWI with the strategy set out in the shareholder briefings released to the ASX in April and August. It also clearly positions AWI for future investment in financial services and for the ongoing development of its investor direct strategy.

AWI Chairman Andrew Brown said: “We are delighted to welcome an executive of Ben’s calibre to our company. He will bring strong business and industry skills to the company which will be beneficial in assisting the growth of our van Eyk investment, and his experience in running digital businesses (at Tabcorp) combined with his entrepreneurial skills, will be highly beneficial in leveraging the InvestSMART platform.”

Ben Heap said: “I am excited about the opportunity to build AWI in the rapidly evolving financial services market including further investment in a portfolio of financial services businesses and the ongoing development of a compelling ‘investor direct’ strategy”

Mr Heap’s compensation arrangements will include participation in a long term incentive plan that facilitates share ownership and links a significant portion of his total potential remuneration to AWI’s share price performance. Mr Heap will be provided with a non-recourse loan for the sole purpose of subscribing for ordinary shares in AWI (subject to shareholder approval).

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Mr Heap will take up his appointment at AWI later this year at the completion of his contractual obligations with UBS. The material terms of his contract are attached in Appendix 1.

For further information please contact Andrew Barnes on +649 927 9503 or andrewhbarnes@gmail.com

Yours faithfully Australasian Wealth Investments Limited

Richard Matthews Company Secretary

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APPENDIX 1

MATERIAL TERMS CEO REMUNERATION ARRANGEMENTS

ASX listing rule 3.16.4

Name: Ben Heap Title: Managing Director and Chief Executive Officer Date of Commencement: Expected to be 12 December 2013, or earlier Total Remuneration $475,000 Notice Periods: Termination by Company, 6 months Termination by Executive, 3 months Incentive Arrangements: The Executive will be eligible for a discretionary annual short term incentive. The initial annual short term incentive opportunity is between 0% and 50% of the Executive’s annual salary. The Executive and the Company’s Board shall agree on the relevant financial and non-financial goals for the Executive to be eligible to this incentive.

The Executive will participate in a long term incentive plan (LTIP) that facilitates share ownership and links a significant portion of his total potential remuneration to the Company’s share price performance.

The amount and terms of the grant will be determined by the Board in its discretion and will be subject to any necessary regulatory approvals and any necessary or appropriate shareholder approvals. If shareholder approval is sought but not obtained for an LTI award, Mr Heap may be paid a cash equivalent.

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The shares will be issued at the closing share price on the day prior to the execution of his employment agreement. These shares will be subject to vesting conditions.