26/07/2007

Alliance with Polson Higgs in New Zealand

Plan B Group Holdings Limited (“Plan B”) is pleased to announce the creation of a new business alliance with the NZ based Polson Higgs Business Advisors. Polson Higgs Wealth Management have executed a three year Affinity Partner agreement with Plan B's subsidiary, Partnership Financial Services Ltd ("PFS"), and will provide wealth management advice to their client base utilising the operational processes and systems that PFS provides.

This announcement is the first in terms of the organic growth strategy that Plan B set out in the Prospectus for the Company’s recent IPO.

Denys Pearce, Plan B's Managing Director commented “Following our very successful listing on the ASX earlier this month, Plan B is now embarking on the next phase of geographic growth by targeting acquisition of or alliance with suitable wealth management businesses in Australia and New Zealand. It is expected that practices who contract to be affinity partners of PFS will be a rapidly growing segment of Plan B’s business.”

David Newman, CEO of PFS said “At Plan B we are very particular in ensuring the firms we engage with under the PFS banner are of the highest quality. Polson Higgs has all the philosophical attributes and ethos that we look for in a partnership. I am delighted that this alliance is now in place and I look forward to the benefits for both firms and most importantly for the Polson Higgs clients.”

Stephen Higgs, Chairman of Polson Higgs commented “We are always looking for world’s best practise for our clients and PFS offers us that. Its operational processes and systems are cutting edge and its investment solutions are totally in line with the client’s best interest. We are excited for our clients that we can now offer such a comprehensive solution for their wealth management needs."

Polson Higgs Business Advisors are a firm of Chartered Accountants and Business Advisors based on the South Island of New Zealand. They provide a wide range of business and accounting services to over 3,000 clients. Established in 1997 with six partners the firm has since grown considerably to now have thirteen partners and more than 120 staff with offices in Dunedin and Christchurch. Their Wealth Management operations currently provide holistic advice to clients with approximately $NZ90m of invested wealth. The Polson Higgs team is dedicated to advancing their wealth management business in the South Island.