London, 3 November 2011

RFC Group, Australia’s leading independent mining and energy corporate advisory firm, announces the acquisition of 100% of the share capital of London based Ambrian Partners Limited (“Ambrian Partners”) from Ambrian Capital PLC.

Ambrian Partners is a well-respected mining and energy corporate advisory business, providing highly rated equity research, corporate broking and transactional services.  Like RFC Group, Ambrian Partners is a licensed Nominated Adviser on the London Stock Exchange plc’s AlM Market. Ambrian Partners was ranked as the number two broker in the UK small-cap Metals & Mining sector by Extel in 2011 for the third consecutive year.

The combination of the corporate client list of RFC Group with that of Ambrian Partners will result in the largest mining and energy client base, by number, on AIM.

Rob Adamson, Managing Director of RFC Group, said: “The acquisition of Ambrian Partners provides RFC Group with a London base on which to expand our business. It equally adds UK-centric corporate broking, equity capital markets and research coverage capabilities. RFC and Ambrian Partners operate very complementary businesses.  Both companies are recognised in their home markets as leading independent corporate finance advisory houses in the mining and energy sectors; a core offering the combined team look forward to developing further.

“The acquisition of Ambrian Partners facilitates RFC Group’s strategic initiative to reinforce and expand its geographic reach. Our clients have a global focus and we need a global presence to support them.  With offices in Sydney, Perth and, following the acquisition, London, RFC will have a major presence in three key marketplaces for minerals and energy companies.

“We believe that, regardless of the current instability in the equity markets, the natural resources sector continues to offer growth opportunities and our acquisition of Ambrian Partners supports this belief.”

The acquisition is expected to complete formally by the end of first quarter of 2012, pending regulatory approvals in London by the United Kingdom Financial Services Authority.

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