INVESTSMART GROUP LIMITED — Capital/Financing Update 2013

Oct 20, 2013

Australasian Wealth Investments Limited

A.C.N. 111 772 359

Level 4, 1 Alfred Street SYDNEY, NSW 2000

21 October 2013

PO Box R1695, Royal Exchange NSW 1225

Attention: Company Announcements ASX Limited Sydney NSW 2000

Telephone: (612) 9080 2377 Facsimile: (612) 9080 2378

By E-lodgement

Acquisition of Additional Online Financial Business

Australasian Wealth Investments Limited [ASX Code: AWK] has entered into a heads of agreement to buy another online financial services business for a cash consideration of $10.5 million plus $2 million of AWK shares, issued at the 5-day weighted average price of the shares on the ASX at completion.

Completion of the transaction is dependent on a detailed due diligence process by AWK, and is expected to settle on 13 December 2013. AWK has, to date, received limited information from the vendor, and may terminate due diligence at any time. In the event the transaction does not complete, the vendor will pay AWK a break fee of $30,000.

The business is an online financial services portal in Australia, similar to the InvestSmart business, providing self-directed investors with low cost access to financial information and products. The business has revenues of $5.2 million, funds under administration (FUA) of $915 million with over 16,000 invested clients. Given the uncertainty around the scale of synergy benefits, the Company is only able to provide guidance that the minimum EBIT for the business to 30 June 2014 will be $1.5 million, on an annualised basis.

Upon completion of the transaction, AWK will own two of the largest online self-directed financial services portals in Australia with combined FUA of c$1.6 billion over 40,000 invested clients and more than 300,000 subscribers to its website, in addition, to an undiluted 49.6% share of van Eyk Research, which has c$1.2 billion in FUM.

AWK expects to use the proceeds of its current rights issue to settle the acquisition, if the due diligence proves successful.

Enquiries in relation to the acquisition should be directed to either:

Mr Andrew Barnes on:

Telephone: +64 9927 9503 Mobile: +64 275 781 402

Mr Alastair Davidson on:

Telephone: 02 9080 2372 Mobile: 0413 433640 Mr Ron Hodge on: Mobile: 0404 878 824

Yours faithfully

Australasian Wealth Investments Limited

Richard Matthews Company Secretary