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WAM ACTIVE LIMITED Share Issue/Capital Change 2010

Feb 7, 2010

66032_rns_2010-02-07_3ce722d1-12aa-4ea5-bd38-f659a972c9e9.pdf

Share Issue/Capital Change

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WAM ACTIVE LIMTED

(ACN 126 420 719)

==> picture [142 x 99] intentionally omitted <==

8 February 2010

Company Announcements Office Australian Stock Exchange 20 Bridge Street Sydney NSW 2000

BONUS OPTION ISSUE ANNOUNCEMENT

The Directors of WAM Active Limited (WAA) are pleased to announce a 1 for 1 bonus issue of options to acquire ordinary shares in the capital of WAA. The options will have an exercise price of $1.15 per option and they will expire 30 April 2011. The options are being issued to shareholders at no cost.

The prospectus will be sent to shareholders of WAA shortly.

The Board of WAA is focused on growing the company and creating shareholder value and it believes this option issue will assist in this goal.

Geoff Wilson Chairman

Level 11, 139 Macquarie Street, Sydney NSW 2000 | GPO Box 4658 Sydney NSW 2001 | ABN 49 126 420 719 Phone 02 9247 6755 | Fax 02 9247 6855 | [email protected] | www.wilsonassetmanagement.com.au