Evans and Partners Celebrates 1st Anniversary

Dear Clients

Today marks the first anniversary of the opening of Evans and Partners Pty Ltd. November 7th 2007, was our first official day of trading and hence today we celebrate our first year of operation. I wanted to take this opportunity to thank all of our clients, supporters and key stakeholders for the trust they have bestowed on us as well as their support and faith they have shown throughout the past 12 months.

It has been a tumultuous year on financial markets and quite a year to start our new business. However, with the support we have received and by staying close to our clients with quality research and advice, I believe we have reinforced lasting and fruitful relationships with all our founding clients.

There is no doubt that tough economic conditions lie ahead and it seems today while writing this, new lows may be tested. However the fundamental principles of our Investment Philosophy will certainly hold true as we position client portfolios for the tough economic conditions that lie ahead. Our commitment to you as our founding clients is that we will continue to find new value added ideas to ensure wealth is created and protected during these challenging times.

Thank you again for your support.

Kind regards

David Evans