Nov 30, 2010.

Vow Financial announced today that Jeff Zulman will step down from his position as Chief Executive at the end of 2010 and be replaced by industry stalwart, Tim Brown.

Jeff was engaged in mid 2009 to assist the founders to develop a merger concept for mortgage aggregators, facilitated the merger and served as the incumbent CEO to guide and implement the early stages of the merged entity - Vow Financial.

Vow Chairman Dr Peter Neustadt said: "The directors of Vow are very grateful for Jeff's contribution over the past 18 months in assisting to realise the concept of a merged group of mortgage aggregators. A significant amount of work was done since the merger took place, addressing all aspects of our business - changing the organisation of the three companies, introducing new branding, marketing concepts, and new initiatives to benefit our brokers.

"These include our training joint ventures with Kaplan Financial and AAMC under the industry leading 'Ascent' broker development program; launching our Pinnacle Club and V Growth points reward scheme for brokers; evaluating acquisition opportunities and finally utilising his IT background to select and help architect our new 'Alice' IT platform."

By the end of 2010 the foundations for most of Vow Financial's future will be largely in place, allowing Vow to become a significant entity, not just as one of the largest national mortgage aggregators, but also as a modern, dynamic, and broad-based financial services company.

The Vow directors thank Jeff for his achievements as initial CEO and express their gratitude to him for making himself available in future in a consultancy capacity.

The board has appointed Tim Brown to serve as new CEO of Vow Financial from January 2011 onwards. After five years with Macquarie Bank Tim Brown has resigned from all his positions at MBL to take up his new position at Vow Financial.

Tim is a well known and most respected person in Australia's finance industry with a very successful track record as a senior executive - mostly in marketing and sales related areas - at Macquarie Bank, L. J. Hookers Home Loans, Suncorp, Aussie Home Loans and AVCO (now GE Finance).

"It is a great achievement for Vow and an endorsement of our business concept to have been able to convince Tim Brown to accept the position of CEO of Vow. Tim comes with tremendous experience and knowledge of this industry. His impressive record of nearly 30 years in marketing and sales related positions in the mortgage and general finance industry have made him the stand out candidate to build on the foundation laid. We wish Tim success and all the best of luck in building a meaningful national financial services company over the next few years" said Peter Neustadt.

About Vow Financial

National Brokers Group, The Mortgage Professionals and The Brokerage merged in early
2010 to create a new force in the industry, Vow Financial - a company founded on a solemn
promise of empowerment, change and leadership. Vow Financial represents over 700 brokers across
Australia and has loans under management of about $16 billion as at December 2009.