Microsoft Word - 20160620 Completion of Retail Entitlement Offer MARKET RELEASE SYDNEY, 20 June 2016 NOT FOR THE RELEASE OR DISTRIBUTION IN THE UNITED STATES OR TO US PERSONS ClearView Successfully Completes Retail Component of Entitlement Offer

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 $50m at an issue price of $0.85 per New Share (Issue Price).

ClearView today announces the successful completion of the Retail Entitlement Offer which closed at 5:00pm (AEDT) on Wednesday, 15 June 2016, raising approximately $11.6 million. This follows the completion of the Institutional Entitlement Offer, which raised approximately $34 million.

Under the Retail Entitlement Offer, ClearView received valid applications from eligible retail shareholders for approximately 13.6m of New Shares.

The Retail Entitlement Offer is fully underwritten by Morgan Stanley Australia Securities Limited (Underwriter) as described in section 7.16 of the Retail Offer Booklet relating to the Retail Entitlement Offer lodged with the ASX on 1 June 2016 and sent to eligible retail shareholders on 3 June 2016.

ClearView will offer for sale under a retail bookbuild approximately 4.9 million New Shares, which represents those entitlements attributable to renouncing and ineligible retail shareholders.

ClearView advises that the retail bookbuild will commence after market close today, 20 June 2016.

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Any proceeds of sale in excess of the Issue Price (net of withholding tax) will be paid proportionally to renouncing eligible retail shareholders on or about Friday, 1 July 2016.

The settlement date for New Shares offered under the Retail Entitlement Offer (including the shortfall shares) is Thursday, 23 June 2016. Issue of New Shares under the Retail Entitlement Offer is expected to occur on Friday, 24 June 2016.

It is expected that dispatch of holding statements for New Shares issued under the Retail Entitlement Offer will be completed on Monday, 27 June 2016, with normal trading in the New Shares issued under the Entitlement Offer expected to commence 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 20 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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