Everest Financial Group Update

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13 July 2010 – The Board of Everest Financial Group released an ASX announcement advising that they had entered into a binding Implementation Deed with One Investment Group. Entities within One Investment Group expect to assume the Responsible Entity/Trustee and management functions for the majority of Everest Financial Group’s funds within several weeks.

One Investment Group has offered employment to a number of Everest Financial Group’s employees.