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SEQUOIA FINANCIAL GROUP LTD Capital/Financing Update 2014

Jun 9, 2014

65767_rns_2014-06-09_f0b1d010-7845-41d1-9f06-7970a799e93b.pdf

Capital/Financing Update

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10 June 2014

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ASX Announcement & Media Release

MDS Financial Group Limited

MDS Financial Group Limited - Rights Issue

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

ASX Code: MWS

Directors

Peter Stirling

Chairman and Non-Executive Director

Richard Symon

Executive Director

Jamie Khoo

MDS Financial Group Limited announces it will be conducting a non-renounceable pro-rata rights issue at an issue price of $0.002 for each new ordinary share on the basis of one new share for every one share held on the record date, to raise up to the sum of $1.030 million. The company will issue a maximum of 515,083,001 new shares, giving a new total of 1,030,166,002 of shares on issue. It is noted that shareholder approval is not required for the rights issue to proceed.

The timetable for the offer is as follows:

EVENT DATE
Announcement of Of er Tuesday 10 June 2014
Lodgment of Appendix 3B, Of er Document and Cleansing Notice with ASX Wednesday 11 June 2014
Despatch of notices to Shareholders informing them of the Of er Thursday 12 June 2014
Shares quoted on ex-entitlement basis Friday 13 June 2014
Record Date for determining Entitlements 7pm, Tuesday 17 June 2014
Of er opens - despatch of Of er Document and Entitlement and Acceptance Form Wednesday 18 June 2014
Of er Closing Date 5pm, Friday 27 June 2014
Shares quoted on deferred settlement basis Monday 30 June 2014
Company notif es the ASX of under-subscriptions Tuesday 1 July 2014
Despatch of holding statements and allotment and issue of New Shares Friday 4 July 2014

Independent Non-Executive Director

This Timetable is indicative only and subject to change. The Directors reserve the right to vary these dates, including the Closing Date without prior notice, subject to the Listing Rules. Any extension of the Closing Date will have a consequential effect on the anticipated date for allotment and issue of the New Shares.

Secretariat

Andrew Phillips

Company Secretary

The Directors also reserve the right not to proceed with the whole or part of the Offer any time prior to allotment and issue of the New Shares. In that event, any payments received for Applications will be returned in full without interest. It is also noted that the Directors have up to 90 days from the Closing Date to place any non-allocated rights to third parties.

515.1 million listed shares

The purpose of the issue is to provide the company with additional working capital and balance sheet strength to pursue organic growth opportunities.

Yours faithfully

Andrew Phillips Company Secretary

END

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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