Microsoft Word - 20160621 Completion of Retail Entitlement Offer Bookbuild MARKET RELEASE SYDNEY, 21 June 2016 NOT FOR THE RELEASE OR DISTRIBUTION IN THE UNITED STATES OR TO US PERSONS ClearView Successfully Completes Entitlement Offer and Retail Bookbuild

On Monday, 30 May 2016, ClearView Wealth Limited (ClearView or the Company) (ASX: CVW) announced that it would conduct a 1 for 10.2 pro rata accelerated renounceable Entitlement Offer (Entitlement Offer), comprising an institutional component (Institutional Entitlement Offer) and retail component (Retail Entitlement Offer, together the Entitlement Offer) to raise a total of approximately A$50 million. The Entitlement Offer was fully underwritten by Morgan Stanley Australia Securities Limited (Underwriter).

Earlier today, ClearView announced the completion of the Retail Entitlement Offer which closed at 5:00pm (AEST) on Wednesday, 15 June 2016, raising approximately $11.6 million. A shortfall of approximately 4.9 million shares was offered for sale to eligible institutional investors through a bookbuild conducted by the Underwriter (Retail Bookbuild).The Retail Bookbuild comprised entitlements to subscribe for New Shares attributable to renouncing and ineligible retail shareholders.

ClearView is pleased to announce the successful completion of the Retail Bookbuild. As the Retail Bookbuild cleared at a price of $0.97 per New Share (being a price above the issue price of $0.85 per New Share), retail shareholders who elected not to take up their entitlements and ineligible retail shareholders will receive $0.12 for each New Share not taken up, less any applicable withholding taxes.

ClearView Managing Director, Simon Swanson, said "The completion of the Retail Bookbuild in such a short timeframe continues to highlight the clear support of our strategy for the growth of our business".

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Settlement of the Retail Entitlement Offer is expected to be completed by Thursday, 23 June 2016. New Shares issued under the Retail Entitlement Offer are expected to be allotted on Friday, 24 June 2016 and to commence trading on the ASX on Monday, 27 June 2016.

ENDS

For further information, please contact: Simon Swanson

Managing Director

+612 8095 1588

simon.swanson@clearview.com.au

About ClearView Wealth Limited

ClearView Wealth Limited is a diversified Australian financial services company with businesses that provide integrated life insurance, wealth management and financial planning solutions.

Additional information is available at www.clearview.com.au

ClearView Wealth Limited published this content on 21 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 June 2016 23:45:02 UTC.

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