SEQUOIA FINANCIAL GROUP LTD — Capital/Financing Update 2012

Nov 29, 2012

30 November 2012

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ASX Announcement & Media Release

MDS Financial Group Limited

ACN 091 744 884

Update: Strategic China Placement and Rights Issue Announced 3 October 2012

Level 37

Rialto South Tower 525 Collins Street Melbourne VIC 3000

T: +61 3 9617 0600 F: +61 3 9617 0699 asx@mdsfi nancial.com.au

ASX Code: MWS

Directors

Sean Rothsey

Chairman and Non Executive Director

Wayne Johnson

1. Strategic China Placement

MDS Financial Group Ltd (hereinafter called MDS and the Company, ASX: MWS) announced on 3 October 2012 the placement of AUD$1,000,000 in MDS shares in four tranches to FortuneHao Capital and Shanghai Fortunehao Investment and Management Ltd (“FortuneHao”).

MDS confi rms that the initial placement of AUD$250,000 (16,666,666 MDS shares) pursuant to tranches 1 and 2 was completed on 30 October 2012 and the associated shares have been issued.

The fi nal two tranches of AUD$750,000 due to be received by 30 November 2012 have been delayed due to FortuneHao wishing to ensure the Resolutions in today’s Annual General Meeting regarding the issue of the associated shares were approved by the Shareholders. The Binding Letter of Offer noted that the placement was “subject to shareholders’ approval”.

Subject to Chinese regulatory approval the Company now expects to receive these funds and to complete this placement within 15 working days.

Deputy Chairman and Executive Director

Richard Symon

Executive Director

2. Rights Issue

Jamie Khoo

Independent Non-Executive Director

Secretariat

Further to the announcement on 3 October 2012, MDS intended to issue Rights Issue documentation in October 2012. The Rights Issue has been delayed, however the intention is to invite all eligible shareholders to participate in a non-renounceable pro-rata rights offer at 1.5 cents in December 2012 for likely completion in January 2013. The offer will seek to raise 2 to 3 million dollars, with full details of the offer to be announced in December 2012 by the Company. Shareholders eligible to participate in the Rights Issue at 7.00pm AEST on

Andrew Phillips

Company Secretary

333.8 million listed shares

12.5 million unlisted options

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30 November 2012

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ASX Announcement & Media Release

ABOUT MDS FINANCIAL GROUP

MDS Financial Group is a full-service corporate advisory and capital markets specialist with clients in Australia and the Asia-Pacifi c region. The Company is listed on the Australian Securities Exchange Ltd (ASX), and has three licensed subsidiaries. One of its licensed subsidiaries is an ASX market participant, with institutional and third-party wholesale brokerage facilities underpinned by substantial retail online trading and market data services.

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Sean Rothsey Chairman

END

For more information please contact:

Sean Rothsey Chairman MDS Financial Group Limited Phone: +852 6204 7956

Andrew Phillips Company Secretary MDS Financial Group Limited Phone: +61 403 388 447

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