PACIFIC CURRENT GROUP LIMITED — Director's Dealing 2008

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17 December 2008

Australian Stock Exchange Continuous Disclosure Area

Via: E Lodgement

Appendix 3X – Initial Director’s Interest Notice

Treasury Group Limited is pleased to announce the appointment of Mr Mark Burgess to its Board effective 17 December 2008. Mr Burgess commenced with Treasury Group on 29 September 2008 as CEO and as indicated at the Company’s AGM it was decided to appoint Mr Burgess to the Board as Managing Director at the December meeting.

Key Components of Mr Burgess’s Remuneration Package are:

Short Term Incentive

• Short term incentive (STI) of up to 72.7% of his base salary, based on agreed KPIs.

• 40% of the STI is attributable to financial performance hurdles

Long Term Incentive

• 400,000 options at $10.00 that vest over 3 years

• 600, 000 options at $10.00 that vest over 5 years

In accordance Listing Rule 3.19A attached is Appendix 3X, Initial Director’s Interest Notice.

Yours faithfully

Mike Fitzpatrick Chairman

Treasury Group Limited Level 5, 50 Margaret St Sydney NSW 2000

ABN: 39 006 708 792 phone 02 8243 0400 facsimile 02 8243 0410

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Treasury Group Limited ABN 39 006 708 792

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

• 400,000 options at $10.00 that vest over 3 years

• 600, 000 options at $10.00 that vest over 5 years

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002