SOULS PRIVATE EQUITY LIMITED(SOE)

delisted following confirmation of the implementation of the scheme of arrangement under which Washington H Soul Pattinson & Company Limited has acquired all of the shares of the Company

we understand SPEL shareholders (other than Ineligible Foreign Shareholders) received the Share Scheme Consideration in either cash or in WHSP shares - SPEL shareholders electing to receive the Share Scheme Consideration in WHSP shares, received 0.0119 WHSP shares for each SPEL share held on the Record Date (which entitlement was calculated using WHSP" VWAP for the 10 trading days prior to the date of the Scheme Meetings, being $13.69). SPEL shareholders who did not make an election by 7pm on Thursday, 29 December 2011 were deemed to have elected a cash payment of $0.163 per Company Share - All SPEL optionholders were paid the Option Scheme Consideration of $0.01 cash per Company Option

the securities of Souls Private Equity Limited (the "Company") will be suspended from quotation at the close of trading today, Tuesday 20 December 2011, at the request of the Company, following lodgement with ASIC of the court orders in relation to the scheme of arrangement under which Washington H. Soul Pattinson and Company Limited will acquire all of the Company's shares

we understand that on or about this date the company undertook, proposed to undertake or was the subject of the following corporate action: - Washington H. Soul Pattinson & Co Limited announce a proposal to acquire all of the outstanding Souls Private Equity Limited (SPEL) shares not already owned by WHSP - this corporate event may appear elsewhere in this company record