30 January 2012

SFG AUSTRALIA LIMITED ASX RELEASE

(ASX CODE: SFW)

RELEASE OF ESCROWED SHARES (12.5m)

In relation to SFG Australia Limited's acquisition of Mosaic Portfolio Advisers Limited (formerly Officium Capital Limited) (for a maximum consideration of $6.5m, and subject to a maximum potential clawback of $2.5m should certain hurdles to 31 March 2012 not be achieved), the Company is pleased to announce the parties (SFG Australia Limited and Officium Group Pty Limited (OGPL)) have mutually agreed to resolve the clawback calculation early, on a pro rata basis. This has resulted in OGPL paying
$1.3m (as anticipated in the Company's 30 June 2011 accounts) to SFG Australia
Limited.
The finalisation of this payment relinquishes all obligations of OGPL in relation to the Mosaic Portfolio Advisers Limited transaction and consequently, the SFG Australia Limited shares held in escrow as security for this payment (12.5m in total) have been released from escrow.

For further enquiries please contact: Tony Fenning

Managing Director
02 9250 1500

Ashleigh Nelson

Investor Relations
02 9250 1527

About SFG Australia Limited (SFG)

SFG (formerly Snowball Group Limited) is a leading non-aligned client focused financial advice and end to end wealth management firm, listed on the Australian Securities Exchange.
SFG provides a full range of wealth management services to high net worth and affluent clients, including strategic financial advice, portfolio administration solutions, portfolio construction and management services, insurance (both general and risk) solutions, finance broking, stockbroking, and corporate superannuation services.

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Documents associés
Escrowed Shares Release