MYSTATE LIMITED — Board/Management Information 2011

Jun 2, 2011

Registered Office 23 Paterson Street Launceston 7250

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ASX Media Release

3 June 2011

MYSTATE LIMITED (ASX Code: MYS)

NOTIFICATION OF CHANGE TO THE BOARD

At the 2010 Annual General Meeting of the Company, the Chairman of MYS, Dr Vertigan announced that three Directors of MYS will step down from the Board by no later than the 2011 Annual General Meeting.

Further to that announcement and in accordance with the requirements of clauses 62.2 to 62.5 of the MYS Constitution, MYS Directors, Mr Nicholas d’Antoine, Mr Tim Gourlay and Mr Tony Reidy will retire as Directors by no later than the 2011 Annual General Meeting of the Company, which is scheduled to occur on 25 October 2011.

In making the announcement, Dr Vertigan acknowledged the long and distinguished service that each of the retiring Directors had given to MyState Limited and its predecessor organisations.

For and on behalf of the Board

P K M Viney

Secretary ENDS

About MyState Limited

MyState Limited is a non-operating holding company and is a major Tasmanian based listed diversified financial group. It was formed in September 2009 to effect the merger of MyState Financial (MSF), an authorised deposit-taking institution, and Tasmanian Perpetual Trustees (TPT), a trustee and wealth management company.

Both MyState Limited and MSF are regulated by APRA and MyState Limited was enabled under Tasmanian legislation to own TPT, an authorised trustee company. TPT continues to be a registered superannuation entity (RSE). Both MSF and TPT hold Australian Financial Services Licences and Australian Credit Licences issued by ASIC.