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Sequoia, Market Update

• Confirmation of profit forecast

• Increased ownership in Financial News Network to 100%

• Sale of Sequoia Direct Pty Ltd

• D2MX client migration to Morrison Securities

Sydney: Sequoia Financial Group Limited (ASX:SEQ) (“SEQ” or “the Company”) is pleased to provide the following market update.

The Company continues to experience strong growth from its disciplined strategy of pursuing organic growth from existing operations in addition to acquiring highly accretive strategic acquisitions. The overall business is enjoying record revenue and profit and a significant improvement to the balance sheet to support ongoing growth and to fund new market opportunities.

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