As part of our immediate post acquisition strategy we are committed to establish a Board of Directors to provide the necessary guidance & knowledge to grow the business in a disciplined and structured manner.

We are therefore proud to announce that Greg O’Callaghan will be joining the Board of Capitalcorp as Chairman. Until recently Greg was the Managing Director of GE Money’s Motor Solutions Australian division. Since commencing that role mid 2006 the business grew to have assets of approx $6 billion.

Prior to that role, Greg was Chief Executive Officer of GE Money Singapore and previously had lead GE Motor Solutions Australia as Chief Operating Officer. In that capacity he was responsible for National Operations, Information Technology, Training, Legal and 6 Sigma.

Greg joined GE in 1998 with the Nissan Finance acquisition where he was National Operations Manager. During his 24 year career at Nissan Finance, Greg spent eight years as National Operations Manager (Marketing and Product Development, Operations, IT, Training and Credit). Before this, Greg was General Manager for the Victoria and Tasmania region for 14 years (70% of total assets of the business). His other roles at Nissan included Administration Manager, Sales Manager, and Wholesale Officer.

Greg has significant experience in financial services and will help Capitalcorp develop a long term sustainable strategy which will allow our team to develop a business plan that will generate profitable and sustainable growth in Consumer and Commercial Financial services.

Please welcome Greg and provide him your total support that will enable Capitalcorp to regain it’s rightful position as the markets No. 1 independent Financial services provider.

Regards

Jack Bradford & Graham Crouch

ACL and its directors would like to announce that they have agreed unanimously to the following.

As at the 23^rd June 2009, Capitalcorp Pty Ltd t/as CAPITALCORP & SILKGLOW INVESTMENTS, it’s directors Mr Trevor Graham Crouch and Mr Jack Bradford have agreed to terms to licence the trademarks and IP of AUSSIE CAR LOANS (ACL) for the vacant States and Territories below:

• AUSSIE CAR LOANS – South Australia
• AUSSIE CAR LOANS – Victoria & Tasmania
• AUSSIE CAR LOANS – NSW – Metro, Country and ACT

The terms are confidential, but however it is agreed that CAPITALCORP & SILKGLOW INVESTMENTS will undertake and commence the rebranding of their operations in these States, to reflect the iconic brand of ACL.

This gives Aussie Car Loans enormous presence in the market, all branches of ACL will work in unity to assist in the delivery of its products to the consumer, which in turn will provide a better return to all it partners.

The transitional period will commence immediately with a completion date on or before Sept-09, thus giving time to rebrand to ACL.

ACL and CAPITALCORP can draw on one another’s enormous experience and resources to create a company that will strive for market leadership and excellence in customer service.

The current licensees ACL (QLD) and ACL (WA) and the licensor ACL Pty Ltd welcome aboard CAPITALCORP & SILKGLOW and look forward to a mutually rewarding relationship.

Joe Martinovic
Managing Director
AUSSIE CAR LOANS