New investment in The Recovre Group

Information Release, 1 September 2008

Hawkesbridge Private Equity is pleased to advise that Hawkesbridge Private Equity Fund 3 has made an investment in The Recovre Group to enable the company to continue its consolidation of the highly fragmented injury management sector.

Initial funding from Fund 3 has enabled Recovre to acquire the specialist medical assessment firm Medico Legal Opinion and its affiliate Specialist Reporting Services. These acquisitions have further diversified Recovre's business offering and takes group revenue to more than $50m p.a. Organic growth remains strong, with the company opening new offices in Brisbane, Darwin and Canberra with significant upgrades occurring at its Melbourne and Newcastle offices to facilitate the company's national expansion of its psychological services and medical assessment businesses.

Recovre is a leading national provider of injury assessment, rehabilitation management and OH&S services to insurers / claims agents, government agencies and corporations across Australia. The company will continue to pursue organic growth and further acquisition opportunities over the next 12 - 18 months.