SEQUOIA FINANCIAL GROUP LTD — M&A Activity 2014

Oct 13, 2014

14 October 2014

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ASX Announcement & Media Release

MDS Financial Group Limited

ACN 091 744 884

Signing of the Share Sale Agreement with Sequoia Financial Group Ltd

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 Group Ltd (“MDS”) advises that, further to its statement of 25 June 2014, it is pleased to announce the signing of a binding Share Sale Agreement to acquire 100% of Sequoia Financial Group (“SFG”) (together “the Companies”).

Since entering into the non-binding Term Sheet on 25 June 2014, the Companies have been collaborating with operational and business development initiatives, together with undertaking mutually and independently conducted Due Diligence.

ASX Code: MWS

Directors

As a result the terms and conditions have been fi nalised with the transaction, with no material changes to the initially agreed Term Sheet, and is to be put forward to the MDS Shareholders in an Extraordinary General Meeting (“EGM”). The date of the EGM will be set upon receiving fi nal regulatory approval of the Notice of Meeting, which will include an Independent Experts Report. The date of the meeting will likely be midDecember 2014.

Peter Stirling

Chairman and Non-Executive Director

Richard Symon

There are signifi cant opportunities, both organic and through new relationships, for the businesses going forward, which will enable the company to develop into a fully integrated fi nancial services company with specialised and general fi nancial services and product offerings.

Executive Director

Jamie Khoo

Independent Non-Executive Director

Currently both MDS and SFG provide products and services to self-directed investors and independentminded fi nancial advisors and address complementary and overlapping needs to the same target markets. Immediate synergies can be achieved by the merged businesses to form a fully integrated fi nancial services company with a unique portfolio of products and services.

Secretariat

Andrew Phillips

Company Secretary

1.185 billion listed shares

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Peter Stirling Chairman and Non-Executive Director

END

Richard Symon For more information please contact: Executive Director MDS Financial Group Limited Phone: +61 3 9617 0617

Andrew Phillips Company Secretary MDS Financial Group Limited Phone: +61 2 8114 2251

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