WAM ACTIVE LIMITED — Major Shareholding Notification 2010

Sep 12, 2010

604 Page 1 of 2 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

ACN/ARSN

EVEREST FINANCIAL GROUP LIMITED

ACN 112 480 145

1. Details of substantial holder (1)

Name Wilson Asset Management Group (refer entities listed in Annexure A)

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on

substantial holder on 09 / 09 / 2010 The previous notice was given to the company on 12 / 08 / 2010 The previous notice was dated 12 / 08 / 2010

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

ompany or scheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Ordinary Shares	21,077,323	8.38%	29,289,127	11.65%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
Refer Annexure B

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Refer Annexure B

604 Page 2 of 2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Not applicable

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Refer Annexure B

Signature

print name sign here	Matthew Kidman capacity Director
	date 13/09/2010

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

This is Annexure B of 1 and 2 page referred to in Form 604

Wilson Asset Management Group

3. Changes in relevant interests

3. Changes in relevant interests	3. Changes in relevant interests	3. Changes in relevant interests	3. Changes in relevant interests	3. Changes in relevant interests	3. Changes in relevant interests
WAM Capital Limited
Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
24-Aug-10	Wilson Asset Management Group	Underlying portfolios bought shares	$85,277.82	1,632,774 ordinaryshares	1,632,774
27-Aug-10	Wilson Asset Management Group	Underlying portfolios bought shares	$6,468.81	121,748 ordinaryshares	121,748
09-Sep-10	Wilson Asset Management Group	Underlying portfolios bought shares	$246,581.71	4,240,095 ordinaryshares	4,240,095
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund
Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
24-Aug-10	Wilson Asset Management Group	Underlying portfolios bought shares	$11,681.91	223,668 ordinaryshares	223,668
27-Aug-10	Wilson Asset Management Group	Underlying portfolios bought shares	$886.10	16,677 ordinaryshares	16,677
09-Sep-10	Wilson Asset Management Group	Underlying portfolios bought shares	$33,778.32	580,835 ordinaryshares	580,835

WAM Active Limited	WAM Active Limited	WAM Active Limited	WAM Active Limited	WAM Active Limited	WAM Active Limited
Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
24-Aug-10	Wilson Asset Management Group	Underlying portfolios bought shares	$19,859.22	380,235 ordinaryshares	380,235
27-Aug-10	Wilson Asset Management Group	Underlying portfolios bought shares	$1,506.47	28,353 ordinaryshares	28,353
09-Sep-10	Wilson Asset Management Group	Underlying portfolios bought shares	$57,423.12	987,419 ordinaryshares	987,419

4. Present relevant interests

Holder of relevant interest	Registered holder of securities	Persons entitled to be registered as holder	Nature of relevant interest	Class and number of securities	Person's votes
Wilson Asset Management Group	RBC Dexia Investor Services	WAM Capital Limited	Management of portfolio of investments of WAM Capital Limited	21,381,063 ordinaryshares	21,381,063
Wilson Asset Management Group	RBC Dexia Investor Services	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	Management of portfolio of investments of Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	2,928,913 ordinaryshares	2,928,913
Wilson Asset Management Group	RBC Dexia Investor Services	WAM Active Limited	Management of portfolio of investments of WAM Active Limited	4,979,151 ordinaryshares	4,979,151

6. Addresses

Name Wilson Asset Management (International) Pty Limited MAM Pty Limited WAM Capital Limited RBC Dexia Investor Services Botanical Nominees Pty Limited Wilson Investment Fund Limited WAM Active Limited	Address Level 11, 139 Macquarie Street, Sydney NSW 2000 Level 11, 139 Macquarie Street, Sydney NSW 2000 Level 11, 139 Macquarie Street, Sydney NSW 2000 Level 17,2 Park Street,SydneyNSW 2000 Level 11, 139 Macquarie Street, Sydney NSW 2000 Level 11, 139 Macquarie Street, Sydney NSW 2000 Level 11, 139 Macquarie Street, Sydney NSW 2000

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Signed: Director

Date: 13/09/10

This is Annexure A of 1 page referred to in Form 604

Wilson Management Group

1. Details of Wilson Management Group

Wilson Asset Management (International) Pty Limited (ACN 081 047 118) MAM Pty Limited (ACN 100 276 542) WAM Capital Limited (ACN 086 587 395) Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund (ACN 081 032 000) Wilson Investment Fund Limited (ACN 100 504 541) WAM Active Limited (ACN 126 420 719)

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Signed: Director Date: 13/09/10

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