SYDNEY, AUSTRALIA: Teaminvest Private Group Ltd (ASX: TIP) has agreed to acquire 100% of the shares in:

(a) Enva Australia Pty Ltd and Enva Holdings Pty Limited (together, Enva) from its founder and staff.

Enva is a boutique financial advisory business headquartered in Adelaide with approximately $400 million of funds under advice (FUA).

The consideration payable by Teaminvest Private Group under the proposed transaction is conditional, payable on a deferred basis and will be paid via an issue of new fully paid ordinary shares in the company. A maximum of $2,500,000 in Consideration Shares can be issued, with the final number linked to performance.

Enva’s services are complimentary to the existing offering of TIP Wealth, and ‘rounds-out’ the Wealth platform.

In addition to completing our Wealth offering, Enva also provides:

• Strategic benefits in being able to provide Advice to Product clients
• Access to experienced staff with excess capacity, whose costs are already covered by existing Enva revenues
• High quality licensing and compliance framework which offers cost savings on our existing trustee and fund products
• Access to a pool of clients and capital for our fund and education products (via direct marketing)
• Access to corporate advisory mandates via Enva client base

TIP Group is an ASX-listed financial institution focussed on transferring knowledge and wealth between generations.