Equity Trustees : Full Year Results (ASX Release)

27/08/2015

Equity Trustees Limited (ASX: EQT) today confirmed its full year financial results and final dividend.

Operating profit after tax is ahead of the prior year by 104%. The results are summarised as follows:

Managing Director, Robin Burns, commented that: "We have been very pleased with the successful completion of the integration project and that we have achieved the goals we set out during the acquisition process - in the timetable, synergies and costs to complete. As I said at the time, the business we acquired is a very close fit with our long-term strategic plan and came across with a high-quality client and revenue base. We have also been pleased with the continuing relationship with the ANZ bank."

Mr Burns also noted that: "The company continued to invest significantly in developing growth initiatives, and as a result positive traction in new private client numbers has been evident, which augurs well for the business' longer term health. This investment phase is also taking place in a number of key support functions, consistent with the company's expanded scope, scale and complexity, and is expected to continue in the current period."

He added, "I'd particularly like to commend the Corporate Trustee Services team, which has again achieved very strong organic growth in clients and funds under management and administration, and is expanding its range of services.

It was also pleasing to note that our operating margin for the year was 35%, well up on the pre-acquisition figure last year of 27%."

Mr Killen confirmed a fully franked final dividend of 48cps, resulting in an unchanged full year dividend of 94 cps. The company will again be offering the dividend reinvestment plan (DRP) - an attractive avenue for shareholders to continue to invest in the company at a discount of 1.25%.

Mr Killen added, "Following the completion of the most significant transaction in the company's history, and with the growth initiatives we have in place that will build on a very sound operating base, I am confident that Equity Trustees is well placed to continue to perform well on behalf of all our stakeholders."

For further information, please contact:

Robin Burns Terry Ryan
Managing Director Chief Financial Officer
Equity Trustees Limited Equity Trustees Limited

Phone: 61 3 8623 5201 Phone: 61 3 8623 5372
Fax: 61 3 8623 5200 Fax: 61 3 8623 5399
Email:rburns@eqt.com.auEmail: tryan@eqt.com.au

Click on links below to view the following:

• EQT Annual Financial Report for year end to 30 June 2015
• EQT Full Year Results Presentation

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Trusted since 1888, Equity Trustees Limited helps with the financial and emotional challenges of preserving, growing and transitioning wealth between generations. It provides a range of financial services to corporate and private clients including Wealth and Asset Management, Estate Planning and Administration, Philanthropy, Superannuation, Aged Care Advice and Placement.

Equity Trustees is a publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Kew, Sydney, Brisbane and Perth.

Disclaimer: This Media Release has been prepared by Equity Trustees Limited (ABN 46 004 031 298 AFSL 240975) to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. Applications for an investment in Equity Trustees Limited products or where Equity Trustees Limited acts as Responsible Entity will only be accepted on receipt of an application form accompanying a current Product Disclosure Statement (PDS) which can be obtained from Equity Trustees by calling 1300 555 511 or by visiting www.eqt.com.au. Past performance is not indicative of future performance.

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