SVC GROUP LIMITED (SVC)

name changed to SubZero Group Limited

The Board of Directors of SVC confirm that all conditions specified in the Share Purchase Agreement to acquire 100% of the issued capital of Subzero Group Pty Ltd have been met, and a settlement of the transaction has occurred today

we understand that on or about this date the company made an in specie distribution of 1 share in SVC Hunter Valley Limited for every 2 shares in the company

we understand that on or about this date the company consolidated its shares 1 for 10.6

The securities of SVC Group Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, following the receipt of shareholder approval for the proposed acquisition of SubZero Holdings Pty Limited. In accordance with ASX" requirements for compliance with Chapter 11 of the Listing Rules, the Company" securities will remain suspended until the Company has complied with Chapters 1 and 2 of the Listing Rules. Security Code: SVC

The suspension of trading in the securities of SVC Group Limited (the "Company") will be lifted from the commencement of trading on Thursday, 31 May 2012, following the Company" compliance with Chapter 12 of the ASX Listing Rules

we understand that on or about this date the company consolidated its shares 1 for 7

lodges prospectus

releases Market Update - Half Year Accounts

in order to recapitalise the Company and obtain re-admission to the ASX boards, the Board of Directors have ordered the convening of a General Meeting of members to consider resolutions to enable the issue of shares to raise capital, consolidate the issued shares of the Company, and issue new post consolidation shares in the Company. - The meeting is to be held at Suite 8, Level 6, 55 Miller Street, Pyrmont at 10.00 am (Sydney time) on Friday 23rd March 2012

The Directors of SVC Group Limited have executed a Corporate Advisory Mandate with Alto Capital of Subiaco, Perth to act as exclusive corporate advisor in relation to a proposed Capital Raising of $1,300,000 to $1,700,000

The Company has successfully completed a capital raise of $199,400 at an issue price of $0.005 per share. The issue of shares pursuant to this placement was approved by shareholders at the Annual General Meeting held on 31 st August 2011

the offer of securities under the Company's Replacement Prospectus dated 21 st October 2011 has met with difficult market conditions, regardless the board is confident that a successful capital raising will be completed in the first quarter of 2012. The current offer will remain in place pending certain discussions with cornerstone investors. The board will consider wether a supplementary prospectus or a new prospectus may be required, and inform the market accordingly. A decision will be made closer to the expiry of the current prospectus in January

the Company has applied for and ASX has granted it a waiver from listing rule 14.7 to the extent necessary to permit the Company to issue shares pursuant to shareholder approval at the Company's Annual General Meeting held on 31 August 2011, more than 3 months after shareholder approval was granted

the Board of SVC Group Limited have decided to extend the offer period to 16 th December in regards to its Replacement Prospectus dated 21 st October 2011

the Offer of 200,000,000 shares at $0.01 to raise $2,000,000 via Replacement Prospectus issued 21 st of October 2011 was due to close today. The Board of SVC Group Limited have decided to extend the offer period to 25 th November to allow potential investors more time to consider market conditions

SVC Group has raised about $1.5 million so far as part of its efforts to be reinstated on the Australian Securities Exchange

issues replacement prospectus for the offer and issue of up to 200,000,000 shares at $0.01 each to raise up to $2,000,000

ASIC has extended the exposure period of the Prospectus lodged on 7th October by SVC Group Limited by 7 days. The exposure period will now end on 21 st of October 2011

releases a copy of the Company's Prospectus for the issue of 200,000,000 shares at $0.01 each to raise up to $2,000,000 which was lodged with the Australian Securities and Investment Commission on the 7th of October 2011

name changed from Shell Villages and Resorts Limited