PACIFIC CURRENT GROUP LIMITED — Board/Management Information 2012

May 23, 2012

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24 May 2012

Australian Stock Exchange Market Announcements Via: E Lodgement

Treasury Group Ltd Announce Appointment of Director, Distribution

Treasury Group (ASX:TRG) is pleased to announce the appointment of Mr Stephen Bramley as Director, Distribution based in Melbourne, effective 18 June 2012.

Following an extensive search TRG CEO, Andrew McGill is delighted to have appointed someone of Stephen’s calibre and experience. “Stephen’s strong industry network, proven sales expertise and deep understanding of the asset consulting sector will make him a valuable addition to our Distribution team” said Mr McGill.

Concurrent with the appointment of Mr Bramley and to better service the needs of clients, Mr McGill announced a reorganisation of responsibilities within Treasury Group’s Australian Distribution team. Peter Walsh, previously Head of Retail Distribution, has been appointed as Director, Distribution based in Sydney. Between them, Mr Walsh and Mr Bramley will be responsible for clients across all Australian States and Territories, with Mr Walsh having primary responsibility for clients across New South Wales and Queensland and Mr Bramley having primary responsibility for clients across Victoria and South Australia.

Dan Burke, TRG’s London based Director, Distribution, will continue to cover client relationships in the UK and Europe.

Mr McGill noted that “The ability to generate funds inflows for our boutique partners is a core and fundamental capability underpinning Treasury Group’s business model. Over the past five years, TRG has been responsible for generating funds inflows in excess of $4.5bn for our boutique partners.” Consistent with its business strategy, TRG has invested by adding staff to its Distribution team over the past 12 months.

Mr Bramley has more than 17 years experience in the funds management industry, including his most recent role as Head of Institutional Sales, Investments at Mercer (Australia) Pty Ltd. Mr Bramley has a Bachelor of Commerce (Banking and Finance) from the University of Canberra.

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Reema Ramswarup Company Secretary

Treasury Group Limited ABN 39 006 708 792 Level 14, 39 Martin Place, Sydney NSW 2000 phone 028243 0400 facsimile 028243 0410