Mike Pero Mortgages moves into South Canterbury

MEDIA RELEASE
Tuesday, 8 November 2005

Mike Pero Mortgages moves into South Canterbury

South Canterbury now has its own Mike Pero Mortgages franchise, joining a
national network of more than 40 other franchises offering the best in
independent home-loan advice.

³We are very pleased to be able to meet the growing demand for home-loan
advice in the South Canterbury area with our new franchise based in Timaru,²
says Jeff Staniland, Mike Pero Mortgage¹s Chief Executive.

Gary Dobbs and his wife Rebecca, who is originally from Geraldine, recently
moved from Wellington to establish their new Mike Pero Mortgages franchise.
Gary will operate a mobile mortgage service covering the region from
Rangitata across to the MacKenzie country and south to Oamaru.

³Typically, more than half of our business is done with brokers visiting
people in their own homes,² says Gary ³though we will be establishing an
office in Timaru for those people who prefer to visit us.²

Gary is offering independent risk insurance advice as well as mortgage
guidance to people in Timaru and South Canterbury. Gary and Rebecca, who
have a young family, understand the needs of families as they seek home-loan
and risk-insurance advice.

Rebecca says their three children ­ Emma, Georgia and Rosa ­ are loving
Timaru already. ³Everyone has been really friendly and welcoming. The
girls have taken to their new school in Gleniti like ducks to water,² she
says.

Christchurch-based Mike Pero Mortgages was established in 1990 by Mike Pero.
It now has a network of more than 50 mortgage brokers throughout New Zealand
and is the biggest independent provider of home loans in the country.

Mike Pero Insurances was launched at the company¹s AGM on 1 November and
will provide independent advice on life, disability and health insurance
policies.

ENDS

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