RESIMAC GROUP LTD — Capital/Financing Update 2012

May 23, 2012

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Thursday 24 May 2012

ASX ANNOUNCEMENT

Homeloans Limited ASX Code: HOM

Purchase of the Assets of Refund Home Loans Pty Ltd

Homeloans Limited has entered into a sale and purchase agreement with the Administrators of Refund Home Loans Pty Ltd for purchase of the assets of the company. This presents a strong opportunity for Homeloans to significantly expand its distribution footprint and brand presence with the potential for a network of a further 135 loan writers to commence operations under the Homeloans banner. A loan book of over $ 1.9billion is also to be acquired as part of this transaction.

The purchase is to be funded from Homeloans’ cash reserves.

Settlement is scheduled for 8 June 2012.

For further information:

Timothy Holmes Executive Chairman (08) 9261 7000

Customer Enquiries Telephone: 1300 78 78 74 Facsimile: 1300 78 78 73

New Loan Enquiries Telephone: 13 38 39 Postal Address PO Box 7216, Cloisters Square, Western Australia 6850 Website www.homeloans.com.au

ABN 55 095 034 003