MFS mfs limited

litigation, page-3

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    RELEASE TO AUSTRALIAN SECURITIES EXCHANGE (“ASX”)
    WEDNESDAY, 26 MARCH 2008
    NEW FUNDING AGREEMENT
    SHAREHOLDERS v MFS LTD (“MFS”)
    1. The Board of Directors of IMF (Australia) Limited announces that it proposes
    to fund claims that certain MFS shareholders have against MFS.
    2. The claims relate to alleged breaches by MFS of its continuous disclosure
    obligations between 21 August 2007 and 22 January 2008 (the “Period”).
    3. All shareholders who purchased MFS shares in the Period are eligible to
    participate in the claim which IMF will fund subject to a level of shareholder
    participation acceptable to IMF.
    4. Any claim will be in the form of a representative proceeding for all of those
    shareholders who purchased MFS shares during the Period and who sign a
    litigation funding agreement with IMF.
    5. IMF will provide litigation funding to all eligible MFS shareholders who wish
    to be represented.
    6. IMF will announce the claim value in its quarterly Case Investment Reports as
    they are published.
    Rob Ferguson
    Executive Chairman
 
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Currently unlisted public company.

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