Peter Constable

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Asset Management Ltd. (MMC-AM) is an investment firm established in 1993 and based in Sydney. Previously the funds management division of the diversified financial services provider MMC Contrarian Ltd., MMC-AM was acquired by Valuestream Investment Management Ltd. in 2009. Valuestream is a provider of outsourced Responsible Entity services for boutique fund managers and institutions. MMC-AM manages funds for private individuals, corporations and institutions. Their flagship is the Value Growth Trust. Following the 2009 acquisition the funds are sub-advised by Huon Capital.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Asset Management Ltd. (MMC-AM) is an investment firm established in 1993 and based in Sydney. Previously the funds management division of the diversified financial services provider MMC Contrarian Ltd., MMC-AM was acquired by Valuestream Investment Management Ltd. in 2009. Valuestream is a provider of outsourced Responsible Entity services for boutique fund managers and institutions. MMC-AM manages funds for private individuals, corporations and institutions. Their flagship is the Value Growth Trust. Following the 2009 acquisition the funds are sub-advised by Huon Capital.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Asset Management Ltd. (MMC-AM) is an investment firm established in 1993 and based in Sydney. Previously the funds management division of the diversified financial services provider MMC Contrarian Ltd., MMC-AM was acquired by Valuestream Investment Management Ltd. in 2009. Valuestream is a provider of outsourced Responsible Entity services for boutique fund managers and institutions. MMC-AM manages funds for private individuals, corporations and institutions. Their flagship is the Value Growth Trust. Following the 2009 acquisition the funds are sub-advised by Huon Capital.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Asset Management Ltd. (MMC-AM) is an investment firm established in 1993 and based in Sydney. Previously the funds management division of the diversified financial services provider MMC Contrarian Ltd., MMC-AM was acquired by Valuestream Investment Management Ltd. in 2009. Valuestream is a provider of outsourced Responsible Entity services for boutique fund managers and institutions. MMC-AM manages funds for private individuals, corporations and institutions. Their flagship is the Value Growth Trust. Following the 2009 acquisition the funds are sub-advised by Huon Capital.

MMC Asset Management Ltd. (MMC-AM) is an investment firm established in 1993 and based in Sydney. Previously the funds management division of the diversified financial services provider MMC Contrarian Ltd., MMC-AM was acquired by Valuestream Investment Management Ltd. in 2009. Valuestream is a provider of outsourced Responsible Entity services for boutique fund managers and institutions. MMC-AM manages funds for private individuals, corporations and institutions. Their flagship is the Value Growth Trust. Following the 2009 acquisition the funds are sub-advised by Huon Capital.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.

MMC Asset Management Ltd. (MMC-AM) is an investment firm established in 1993 and based in Sydney. Previously the funds management division of the diversified financial services provider MMC Contrarian Ltd., MMC-AM was acquired by Valuestream Investment Management Ltd. in 2009. Valuestream is a provider of outsourced Responsible Entity services for boutique fund managers and institutions. MMC-AM manages funds for private individuals, corporations and institutions. Their flagship is the Value Growth Trust. Following the 2009 acquisition the funds are sub-advised by Huon Capital.

MMC Contrarian Ltd. is a diversified financial services company listed on the Australian Stock Exchange in December 2003. The company originally floated as a Listed Investment Company investing in a number of other ASX listed companies. In 2008 a change in strategy was approved by shareholders to broaden the existing strategy and allow the company to participate in the long term growth of the wider financial service industry. This change will help diversity the company's earnings and provide a greater level of stability to these earnings through all market conditions. The company continues to investigate opportunities in the financial services sector to expand its current capability and to cement its position as a leading provider of independent financial advice and asset management in the Australian wealth management marketplace. The company's strategy is to create, invest in & acquire financial services businesses, generate returns for shareholders from operating & growing its financial services businesses, and as a result there will be less emphasis on investment earnings.