Offer to Purchase at 30c – Update

05 October 2010

Further to Balmain Trilogy’s announcement on 13 September 2010 regarding an offer from a group of unitholders to purchase units in the Pacific First Mortgage Fund, we have now received further information from the Group’s coordinator Mr Tom Powers.

Tom Powers has now confirmed the Groups offer has closed as they have reached their unit limit. They will no longer be taking any further transfers and any transfers already sent to them will be returned to those Unitholders unprocessed.