PACIFIC CURRENT GROUP LIMITED — Capital/Financing Update 2012

Sep 13, 2012

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14 September 2012

Australian Securities Exchange Market Announcements Via: E lodgement

PRV Restructure

Treasury Group Limited (“TRG”) acknowledges the recent announcement made by Premium Investors Limited (“PRV”) and WAM Capital Limited (“WAM”) to enter into a Scheme Implementation Agreement (the “PRV/WAM Proposal”).

TRG supports the PRV/WAM Proposal and believes it is a superior outcome for shareholders to the previously proposed 75% off-market buy-back announced by PRV on 22 August 2012. In the absence of a superior offer, TRG intends to vote in favour of the PRV/WAM Proposal.

Treasury Group Investment Services Limited (“TIS”), a wholly owned subsidiary of TRG, is currently the investment manager of PRV. Assuming the Scheme is approved by PRV shareholders, TIS will receive $700,000 to reflect the change in circumstances of management arrangements with PRV and TRG’s continued role as manager through the transition. In addition, TIS will continue to provide services to PRV under the existing Management Services Agreement. TIS will cooperate with WAM as part of the transition.

Given the structural issues faced by PRV, the restructuring of PRV is a good outcome for PRV shareholders including TRG. This outcome follows actions taken by TRG following completion of a Strategic Review last financial year.

For further information:

Joseph Ferragina Chief Financial Officer +61 2 8243 0400

Treasury Group Limited ABN: 39 006 708 792 Level 14, 39 Martin Place, Sydney NSW 2000

Phone +61 2 8243 0400

Facsimile +61 2 8243 0410

www.treasurygroup.com