DORCHESTER FINALISES SALE OF INVESTMENT ADVISORY BUSINESSES

9 May 2008

Dorchester Pacific Limited has today announced the sale of its investment advisory businesses, Equity Investment Advisers and Sharebrokers, MoneyOnline, and the New Zealand Investor magazine to Equity Investment Advisers Limited, a company owned by well known investment adviser Stephen Rogers, for $1.375 million.

As part of the transaction, Dorchester has agreed to continue to support the New Zealand Investor magazine with the purchase of advertising and subscriptions over the next three and five years respectively.

Chairman of Dorchester, Mr Barry Graham, commented:

“We are pleased with the sale of these businesses which is in line with Dorchester’s strategy to simplify the company and focus on those businesses with the most potential.

“We are de-emphasising capital intensive activities and focusing on new business opportunities which leverage the company’s existing expertise and infrastructure and reducing costs to maintain our competitiveness in the current market.”

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