MYSTATE LIMITED — Remuneration Information 2011

Apr 10, 2011

Our Ref: PV:ab

7 April 2011

Australian Securities Exchange Company Announcements Platform

Dear Sir/Madam,

MyState Limited (ASX Code : MYS) Executive Long Term Incentive Plan (ELTIP)

I wish to advise the Exchange that in accordance with a resolution of shareholders passed at the 29 October 2010 Annual General Meeting, the Managing Director of MYS, Mr John Gilbert, has been offered participation in the 2010 ELTIP on the following terms:

• 59,840 fully paid ordinary MYS Shares. This number was determined by dividing the dollar value of the long term incentive (LTI) component of the 2010 total remuneration by the weighted average price of MYS Shares over the twenty (20) trading days prior to the Offer Date (i.e. $225,000 ÷ $3.76), rounded to the nearest whole share; and

• The performance period being the three (3) year period commencing on 1 July 2010 and ending on 30 June 2013.

Mr Gilbert accepted this offer on 29 March 2011.

Yours faithfully

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Paul Viney Company Secretary

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