SEQUOIA FINANCIAL GROUP LTD — Capital/Financing Update 2014

Aug 18, 2014

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ABN 90 091 744 884

MDS FINANCIAL GROUP LIMITED – CLEANSING STATEMENT

19 August 2014

The Manager Company Announcements Australian Securities Exchange Limited

Notice under Section 708AA(2)(f) of the Corporations Act 2001

(ASX Code: MWS)

On 10 June 2014, MDS Financial Group Limited ( MWS or Company ) announced that it would make a non-renounceable pro-rata rights issue to Shareholders who are registered at 7pm Sydney local time on Tuesday 17 June 2014 of 515,083,001 fully paid ordinary shares in the capital of the Company ( New Shares ) at an issue price of $0.002 per share to raise approximately $1.030 million (before expenses of the issue) ( Rights Issue ). The New Shares will be offered on the basis of 1 new share for every 1 existing share held.

On 11 July 2014 the Company announced it had allocated 377,687,335 New Shares under the Rights Issue.

On 19 August 2014 the Company announced it had allocated the remaining 137,395,666 New Shares offered under the Rights Issue ( Shortfall Shares ).

Pursuant to section 708AA(2)(f) of the Corporations Act 2001 (Cth) ( Act ), the Company hereby states:

• (a) the Company will offer the Shortfall Shares for issue without disclosure to investors under Part 6D.2 of the Act;

• (b) the Company is providing this notice under section 708AA(2)(f) of the Act;

• (c) as at the date of this notice, the Company has complied with:

  • (i) the provisions of Chapter 2M of the Act as they apply to MWS; and

  • (ii) section 674 of the Act;

• (d) as at the date of this notice, there is no excluded information of the type referred to in sections 708AA(8) and (9) of the Act; and

• (e) the issue of Shortfall Shares pursuant to the Rights Issue is not expected to have any material effect or consequence on the control of MWS.

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Andrew Guy Phillips

Company Secretary

Level 37, Rialto South Tower 525 Collins Street, Melbourne, VIC 3000 P: +61 3 9617 0600 I F: +61 3 9617 0699

www. mds financial.com.au