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FIRST OPPORTUNITY FUND LIMITED ABN 96 084 115 499 12 April 2010 Agreement to purchase Vocus Group Limited and associated capital raising • First Opportunity Fund Limited ( FOF ) has today entered into a conditional agreement, subject to shareholder approval, to purchase all of the ordinary shares of Vocus Group Limited ( Vocus ). • The purchase price to be paid for the Vocus business is $20,000,000, which is to be satisfied partly by a cash payment of $6,523,504 to the Vocus shareholders and partly by the issue of 26,952,991 fully paid ordinary shares in FOF to the Vocus shareholders (or their nominees) at an issue price of $0.50 per share. • FOF will seek to raise up to $6,000,000 through a combination of share placements and a public offer under a Prospectus to partially fund the acquisition of the shares in Vocus. • Simultaneously with the acquisition of Vocus, FOF will dispose of its residual wine related assets and distribute the net proceeds. • FOF will distribute to current shareholders by way of reduction of capital approximately $1.3 million to $1.5 million in cash so as to leave FOF with $5.0 million in cash before transaction expenses, before the acquisition of Vocus and before any exercise of the current options. In the event the current options are exercised, FOF will be left with $6.0 million in cash. The reduction of capital is being implemented to ensure that immediately prior to the issue of new shares under the new capital raisings, the value of FOF shares will equal $0.50 per share, being the same as the deemed issue price of FOF shares to the Vocus shareholders.
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