SEQUOIA FINANCIAL GROUP LTD — Capital/Financing Update 2014

Dec 16, 2014

17 December 2014

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ASX Announcement & Media Release

MDS Financial Group Limited

ACN 091 744 884

MDS Financial to Complete Purchase Agreement with Sequoia Financial Group

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

• Shareholders approve acquisition of 100% of Sequoia Financial Group

• • Company on track to complete transaction by end of December

• Purchase well supported by MDS shareholders at EGM held today

• • Company soon to announce key Board appointments

ASX Code: MWS

Directors

Peter Stirling

Chairman and Non-Executive Director

Richard Symon

MDS Financial Limited (ASX: MWS) (“MDS” or “the Company”) is pleased to announce that shareholders have today approved the Purchase Agreement to acquire 100% of Sequoia Financial Group Limited (“SFG”), as reported to MDS shareholders on 14 October 2014.

The terms and conditions of the transaction, which had no material changes to the non-binding Term Sheet initially signed by both Companies on 25 June 2014, were put forward to shareholders at an Extraordinary General Meeting (EGM) today and the decision to proceed with the transaction was supported by MDS shareholders.

Executive Director

Jamie Khoo

Independent Non-Executive Director

MDS expects to complete the transaction towards the end of December 2014, with new Fully Paid Ordinary Shares to be allotted to the vendors of SFG in the next week. MDS will have 3,803,136,340 shares on issue after new shares are allotted.

Secretariat

Andrew Phillips

Company Secretary

Following this transaction, MDS will emerge as a broad based fi nancial services business with a number of growth platforms. The business will have a unique portfolio of service offerings for fi nancial advisors, accountants, mortgage brokers and self-directed investors.

MDS Executive Director, Mr Richard Symon, commented: “SFG is a signifi cant and well respected Company with a substantial client base and strong revenue streams which will greatly strengthen our balance sheet.” “There is outstanding growth potential for the combined businesses which we will achieve by cross selling our expanded range of products and services, and there are defi nite synergies between the two which should result in signifi cant cost savings when they are fully integrated.”

1.185 billion listed shares

“The Boards of MDS and SFG will now work closely towards completing this transaction, which we expect to achieve towards the end of December.”

MDS expects to make further announcements regarding Board positions and key management appointments which refl ect the make-up of the new entity, and will advise shareholders on these as soon as it is able.

• Ends -

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17 December 2014

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ASX Announcement & Media Release

MDS Financial Group Limited

ACN 091 744 884

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

MDS Financial to Complete Purchase Agreement with Sequoia Financial Group

For further information please contact:

MDS Financial Group Phone (in Australia): 1300 363 766 International: +61 3 9617 0600 Fax: +61 3 9617 0699

ASX Code: MWS

Directors

PO Box 274 Collins Street West Melbourne VIC 8007 Australia

Peter Stirling

Chairman and Non-Executive Director

For media inquiries please contact Ben Jarvis, Six Degrees Investor Relations: +61 413 150 448

Richard Symon

Executive Director

Jamie Khoo

Independent Non-Executive Director

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 two 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.

Secretariat

ABOUT SEQUOIA FINANCIAL GROUP

Andrew Phillips

Company Secretary

1.185 billion listed shares

SFG deliver fi nancial products and services to self-directed investors, SMSF Trustees and their advisers through its wholly owned subsidiaries, Sequoia Superannuation Pty Ltd, Sequoia Asset Management Pty Ltd and Sequoia Specialist Investments Pty Ltd. SFG provides general advice to retail clients, is a leading originator of structured fi nancial products and provides administration services to self-managed superannuation funds (“SMSF”).

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