ONGOING DISCLOSURE

The disclosures made by Balanced Securities Limited are permitted in accordance with Regulatory Guide 198: Unlisted disclosing entities: continuous disclosure obligations, as published by the Australian Securities and Investments Commission (ASIC). The regulatory guide provides that an unlisted disclosing entity (such as Balanced Securities Limited) which complies with the good practice guidance for website disclosure does not also need to lodge such notices with ASIC.

The Company notices must be read in conjunction with the current prospectus for Unsecured Notes, a copy of which is available from the Companyıs office) or at this site.

The Company indicates in its current prospectus that the most recent financial statements of the Company, and the Company's quarterly report to the trustee, can be obtained at this website. These documents can be accessed through the following links.

Date	Description
December 2011	Trustee Quarterly Report (pdf document) Quarterly report to the trustee regarding various matters, including its compliance with ASIC regulatory 69 (and the benchmark disclosure requirements for notes issuers)
September 2011	Company Website Disclosure 2011 Financial Year Results (pdf document) Disclosure statement as at 30 June 2011, advising updated disclosure in respect of Audited financial statements as at 30 June 2011, as lodged with ASIC
September 2011	Company Financial Reports (pdf document) Audited financial statements as at 30 June 2011, as lodged with ASIC
September 2011	Trustee Quarterly Report (pdf document) Quarterly report to the trustee regarding various matters, including its compliance with ASIC regulatory 69 (and the benchmark disclosure requirements for notes issuers)
August 2011	Changes to Income Support Agreement (pdf document) Investor update advising the changes in relation to the Income Support Agreement and the continuing obligations of the Underwriters to permit the Company to continue to meet its interest obligations

Important information
In preparing notices published at this website, and also the prospectus for Unsecured Notes, the Company does not take into account any investor's or applicant's personal investment objectives, financial situation or needs and as such, investors and applicants should consider the appropriateness of an investment in Unsecured Notes having regard to their own objectives, financial situation and needs. The company recommends that investors and applicants get their own professional advice (as necessary) from a licensed financial adviser and/or tax adviser to determine their individual objectives, financial situation and needs before making an investment decision. Neither the prospectus for Unsecured Notes, nor notices published at this website, are a statement of advice.