🕐09.11.10 - 10:54 Uhr

ALF Group Holdings AG – All EGM-Resolutions passed unanimously



ALF Group Holdings AG – All EGM-Resolutions passed unanimously Zurich (Switzerland), 9th November 2010 - The Directors of ALF Group Holdings AG (ALF) wish to confirm that at the Extraordinary General Meeting of the Company held today at 10 a.m.

in Zug, Switzerland, the company’s shareholders unanimously approved all proposals put forward by the Board of Directors. The shareholders approved: • the reverse split of 100 of the current CHF .01 shares into new shares with CHF 1.00 nominal value, • payment to Kingsley Finance Co.

Ltd for ALF Group Pty Ltd (Australian operations), so that ALF now owns 100% of ALF Group Pty Ltd, • the issue of 100 M new CHF 1.00 shares for capital raising purposes, • the issue of 47.8875 M new CHF 1.00 shares for acquisition purposes generally, • the issue of 47.8875 M new CHF 1.00 shares for various purposes including meeting options and allocating these shares for any share over subscriptions that arise from the planned Secondary Public Offering (SPO). The company will make 20m shares available (from the 100m capital raising shares) for a pre-secondary public offering (pre-SPO).

These 20m shares will be allocated to: - those shareholders exercising their subscription rights (i.e.

existing shareholders who own and retain shares that are subject to the reverse split).

ALF has previously announced that these shareholders will be entitled to 5 options for each share that they receive after the reverse split and - sophisticated investors.

These shares will be blocked from trading until the secondary public offering has been subscribed and closed.

The company has determined that the price for the Secondary Public Offering (SPO) will be at $5.00 USD (approx.

CHF 5.00 and / or 3.50 Euro). ALF management expects that this price will be achieved from the proposed placements in the USA and that there will be a high demand for the pre-secondary offering based on the fact that these shares will be acquired at an amount equal to one fifth or 20% of the Secondary public offering price, i.e.

the pre-SPO price is CHF 1.00 per share, whilst the proposed SPO price is approx.

CHF 5.00. Additionally, a number of medium sized investment funds that have met with ALF have confirmed that after the reverse split, ALF will be within a number of the fund’s investment criteria, having regard to share nominal value, market cap and IFRS reporting standards The Directors of ALF would like to thank Dr.

Martin Grossmann who has assisted the company with the reverse split and difficult tasks that the company has undertaken over the past nine months.

Dr.

Grossmann retires as director. ALF will be engaging several well respected independent directors from Australia and the USA over the following months.

The company wishes to confirm that all accounts for 2007, 2008, 2009 and accounts to November 30 will be finalised to IFRS standard by the first week in December in preparation for the submission of the company’s prospectus to the BAFIN and for an application to NASDAQ for official quotation.

About ALF Group Holdings AG ALF Group Holdings AG (ALF) wholly owns ALF Group Pty Ltd and its subsidiaries, which includes one of Australia’s largest litigation funders, and a corporate restructuring services company which also provides funding and debt and equity solutions.

It is also an acquirer and developer of distressed assets.

To view: - 2010 Interim Report: http://www.alfgroupag.com/media/documents/Interim_Report.pdf - Audited Accounts to 30Th June 2010: http://www.alfgroupag.com/media/documents/img-8131755-0001_pdf.pdf - Some of ALFs projects: http://www.alfgroupag.com/projects/australia/alf-property-1-pty-ltd.html For further information please contact: ALF Group Holdings AG Level 29, Chifley Tower 2 Chifley Square Sydney, NSW 2000 Australia Telephone +61-2-9293-2500 Fax +61-2-9293-2930 Website: www.alfgroupag.com E-mail: Legal Disclaimer This press release contains forward-looking statements based on beliefs of ALF management.

When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements.

Such statements reflect the views of ALF Group Holdings AG as of the date made with respect to future events and are subject to risks and uncertainties.

Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy.

ALF disclaims any intention or obligation to update these forward-looking statements.
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