ARL

29 May 2017
The Manager Company Announcement Office NSX Level 2, 117 Scott Street Newcastle NSW 2300
Dear Sir/Madam
Asset Resolution Limited (ARL) welcomes the recent judgement of the Queensland Supreme Court (refer to media release dated 26 May 2017, http://asic.gov.au/about-asic/media-centre/), in which certain officers of MFS were ordered to pay financial compensation to the former MFS Premium Income Fund (PIF). Someof theformer assets of PIF were transferred to ARL and this may or may not extend to any compensation recovered from the former MFS officers.
Given that ARL shareholders’ claim on any compensation is uncertain, and it is equally uncertain whether the former MFS officers in fact have any remaining assets from which to pay compensation, ARL does not believe that the recent judgment is material to the Company.
For further information please contact ARL’s company secretary, Vicky Allinson on 08 8423 0170 or email [email protected].
Yours sincerely
Vicky Allinson FCCA, AGIA Company Secretary