SEQUOIA FINANCIAL GROUP LTD — Capital/Financing Update 2008

Apr 1, 2008

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ASX Announcement

2 April 2008

Acquisition of assets of Trader Dealer Pty Ltd (Administrator Appointed)

MDS Financial Group Limited (ASX:MWS) (“the Company”) announces that an agreement (“Agreement”) has been reached between Trader Dealer Pty Ltd (Administrator Appointed) (“Trader Dealer”) and a subsidiary of the Company for the acquisition of certain assets of Trader Dealer.

The Agreement provides for the acquisition of the current client base of Trader Dealer and operating systems to enable the Company to continue the provision of services to the current clients of Trader Dealer.

Existing clients of Trader Dealer will be contacted to facilitate the transfer and reactivation of their accounts with the minimum of fuss and paperwork. Website announcements will also be available on www.traderdealer.com.au.

Discussions have begun with ASX Market Participants to provide execution of trades utilising existing clearing services to enable the most efficient and seamless return to trading for clients of Trader Dealer.

The Company has also formed a joint venture with Box Red Pty Limited, a Noosa based corporate advisory firm to develop the online business. The Company will hold the majority share holding in the new joint venture.

Further announcements will be made in due course.

Sean Rothsey Chairman

ASX: MWS 69 Nicholson Street, St. Leonards, NSW 2065, Australia P: +61 2 9438 3777 I F: +61 2 9438 3444 www. mds financial.com.au

About MDS Financial Group Limited

MDS Financial Group Limited provides financial advice and technology solutions to investors, traders, financial services providers and corporations. Our mission is to make it easier for our customers to achieve their financial goals

Retail investors and traders come to the Company for quality services that enable them to choose their level of participation in the markets. We offer services ranging from DIY analysis technology through to private client advice and financial planning.

Financial services providers come to the Company for technology solutions that have been developed by experts in the industry – helping to ensure that they can meet the expectations of their customers. www.mdsfinancial.com.au

About Trader Dealer

The Trader Dealer on line trading service delivers the semi-professional and professional Trader or Securities Dealer with a "straight to market" service and free stop loss facility, traders are in more control of their investment decision. The Trader Dealer on line service offers on line trading of shares, warrants and options along with shorting, equity finance and protected products. Trader Dealer provides maximum trading flexibility, to allow investors and professional traders to make the most of the markets.

About Box Red Pty Ltd

Box Red is a Noosa based boutique corporate advisory firm. Since 1985 Box Red’s principals have completed a wide range of transactions for both clients and associated investment portfolios. Box Red provide advice and solutions from start up ventures to complex public company listings and their subsidiaries.

In addition to Box Red’s corporate experience they are also a private investment company which over the last 18 months has invested in a number of IT based - companies that are at varying levels of their business cycle. www.box red.com

For more information please contact:

Sean Rothsey Allan Shek Chairman Company Secretary - Director

MDS Financial Group Limited MDS Financial Group Limited Phone: 07 5442 6080 Phone: 02 9438 3777 Mobile: 0419 712 685 Mobile: 0412 363 464