RESIMAC GROUP LTD — Capital/Financing Update 2006

Jun 1, 2006

Level 2, The Atrium Building 168 St Georges TerracePERTH WA 6000 توری ، ۱۰۰۰ د ۲۰۱۰ د ۱2010 1926 08 Dephone Eacsimile: 08.9261.2029

Friday, 2nd June 2006

ASX RELEASE

HOMELOANS LIMITED

RMBS ISSUE - RMT7

Homeloans Ltd (Homeloans) is pleased to announce it has priced and settled A$460 million of residential mortgage-backed securities (RMBS) via sole lead Westpac Institutional Bank. The deal, called 'Residential Mortgage Trust (RMT) Securitisation Trust No. 7 (RMT7)', carries two tranches and an expected maturity of 12 June 2011 or at 10 per cent of the issue amount.

This is a significant achievement for Homeloans as it demonstrates an increased acceptance of Homeloans' proprietary funding line through its expanding distribution channel.

RMT7 delivers a considerable saving on Homeloans' cost of funds. Pricing is locked in for the life of the notes, saving at least $460,000 per annum or in excess of $1 million over the expected life of the notes relative to previous funding costs.

Investor interest in RMT7 represented continued strong support from domestic and offshore investors.

Total issuance from Residential Mortgage Trust now exceeds A$1.4 billion following the RMT7 issue. The RMT7 transaction also represents Homeloans Ltd's largest RMBS issue.

Deal Structure:

1. Class A - A$438.8 million senior floating rate notes to be rated AAA by Standard and Poor's (S&P), with a 2.2-year average life. The notes priced at 18 basis points over one month BBSW.

2. Class B - A$21.2 million of subordinated floating rate notes to be rated AA by S&P, with a 5.0-year average life. The notes priced at 26 basis points over one month BBSW.

Further Information:

Jarrod Smith - Finance Director 02 8267 2000 / 0409 813 958