Joint Statement by Baillieu Limited Chairperson David Trude and Managing Director Gavin Powell

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E. L. & C. Baillieu Company Update

We are pleased to announce that we have entered into an agreement for E.L. & C. Baillieu Limited to be acquired by Ord Minnett, a leading privately owned Australian wealth management group. With origins dating back to 1872, Ord Minnett provides full-service stockbroking, financial planning, funds management and portfolio services and has more than $35 billion in funds under management.

There are many similarities between our two businesses including our values, tradition, heritage and history of wealth management expertise and experience. Ord Minnett has an outstanding reputation and a strong focus on building long-term client relationships based on trust. This opportunity capitalises on the strengths and capabilities of both businesses to provide ‘best-in-class’, comprehensive investment and wealth management services to enable our clients to achieve their financial goals.

It will be “business as usual” for our clients – there will be no change to the relationship we have with you. E.L. & C. Baillieu Limited will still operate under that name, and your existing adviser and their support team will continue to provide you with the high level of service and advice you have come to expect. This is an exciting new chapter in the evolution of E.L. & C. Baillieu Limited and as the integration of the two businesses evolves, we look forward to sharing the expanded opportunities of the combined businesses with you.

Please contact your adviser if you have any questions.



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