FOR IMMEDIATE RELEASE 2 January 2014

KEYBRIDGE'S TARGET'S STATEMENT SAYS REJECT OCEANIA CAPITAL'S INADEQUATE OFFER

Today, Keybridge Capital Limited ("Keybridge")(ASX: KBC) released its Target's Statement in response to Oceania Capital Partners Limited's ("Oceania Capital")(ASX:OCP) off-market offer for Keybridge at 16 cents per Keybridge share ("Offer"). The Target's Statement recommends that shareholders REJECT Oceania Capital's inadequate Offer.

As Oceania Capital and Keybridge have a common director, the Target's Statement is required to include an independent expert's report. In the independent expert's report, Pitcher Partners concluded that Oceania Capital's offer was NOT FAIRand NOT REASONABLEand valued Keybridge at between 25 cents and 28 cents per share.

The reasons provided in the Target Statement for the recommendation that shareholders REJECT
the inadequate Oceania Capital Offer are as follows: