16/10/2009

Strategic financial management – option exercise

Plan B Group Holdings Limited (“Plan B” or the “Company”) is pleased to announce that it has exercised a call option to acquire a further 24% interest in Strategic Financial Management (“Strategic”). This transaction takes Plan B’s total interest in the Melbourne based wealth advisory business to 86%.

Mr. Denys Pearce, Managing Director of Plan B, commented, “The integration of Strategic is proceeding well and we are pleased to be taking this next scheduled step in the acquisition of the business.”

The consideration for this additional investment in Strategic will be the issue of 1,568,754 new ordinary Plan B shares (voluntarily escrowed for 12 months) and the payment in cash of $1.5 million. This is consistent with the disclosures in the Company’s 30 June 2009 financial statements.