Ann: Update - Divestment of 80% of Morrison Securities, page-2

To the naysayers, funds have hit the account and SEQ holds $3.15m as a break fee.

Update - Divestment of 80% of Morrison Securities
Sequoia Financial Group Limited (ASX: SEQ) (Company) wishes to confirm it has received cleared
funds of $1.65m being the outstanding balance of the non-refundable deposit payment of $3.15m
required in its bank accounts prior to 20 March 2023.
In addition, the Company confirms it has received confirmation the trust account required to hold
the balance of the refundable component of the $10.5m deposit has been established with the
balance of $7.35m now held. The receipt of this deposit concluded all financial due diligence
requirements of the buyer.