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28[th] November 2012

The Manager Company Announcements Platform Australian Securities Exchange Exchange Centre 20 Bridge Street Sydney, NSW 2000

Dear Sir,

Attached is a copy of the prepared Chief Executive Officer’s address and presentation which will be delivered at Austbrokers Holdings Limited’s Annual General Meeting being held at 10.00am today.

Yours faithfully

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S.S. Rouvray Company Secretary Austbrokers Holdings Limited

For further information, contact Steve Rouvray:

(02) 9935 2201 0412 259 158

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AUSTBROKERS HOLDINGS LIMITED CEO’S ADDRESS TO ANNUAL GENERAL MEETING 28 NOVEMBER 2012

Good morning Ladies and Gentlemen and again welcome to the 2012 AGM – the seventh since Austbrokers listed on the ASX and my last AGM presentation as CEO.

It is extremely pleasing to again be able to report that the company has had another very successful year achieving increased profits, strong earnings per share growth and paying increased dividends.

I would like to provide you with a brief overview of the market conditions, recap on details of the 2012 results, touch on some of the major achievements for the year, ongoing developments since year end and finally a few comments on our expectations for market conditions and outlook for the 2013 financial year.

Review of FY 2012

Market Conditions

The insurance market over 2012 has seen moderate increases in the commercial sector with underwriters continuing to push for rate increases, however, the competitive market place has tempered the increases actually achieved. We have continued to see increases for risks with a higher exposure or poor claims history and particularly risks located in Northern Queensland and Northern WA as underwriters continue to reduce capacity in those regions.

Professional indemnity and Directors and Officers insurance rates remain soft due to excess capacity for these classes.

Private motor vehicle and domestic classes continue to experience increases where there is a greater influence from underwriters marketing direct.

Economic growth has slowed and we are seeing evidence of some stress in the SME sector particularly in certain industries such as retail and building.

Interest rates decreased over the period, resulting in reduced investment income earned on insurance broking trust bank accounts.

FY 2012 Results

The reported net profit after tax increased by 20% over 2011. After eliminating profits on sale of equity interests, non recurring items and amortisation expense the increase was 15%.

Profit growth over the last five years has been extremely strong producing a compound average growth of 15.7%.

These consistent results have been achieved in periods of differing market conditions, particularly soft insurance rates, periods of low interest rates and poor underwriting results experienced by underwriters resulting in lower profit commissions paid to our broker network.

Earnings per share has also shown strong increases since listing, from 25 cents to 46.3 cents – a compound average growth rate of just over 13%.

The full year dividend was increased by 21.6% to 31 cents per share which represented a 62% pay out ratio on NPAT before amortisation and profit on sales and exceeded earnings per share growth of 16.9%.

Total Shareholder Return was 13.5% for the year compared to the All Ordinaries Index return of negative 9.5%. For the five years to 30[th] June 2012 the compound return was 16.8% compared a negative 4.2% per annum.

Insurance Broking Operations FY 2012

The broker network performed well increasing revenue by 12.5% while our share of the broker profits increased by almost 9.7%. The growth achieved in 2012 was largely organic growth through existing businesses.

During the year we continued to seek acquisition opportunities.

We acquired Dittman and Associates based in Gladstone in Queensland. This business had a sizable life risk and superannuation business which increased our capabilities in this area. On 1[st] July we acquired Taggart and Associates based in Baulkham Hills in North Western Sydney which similarly had a significant life risk and financial services business.

A total of 6 smaller bolt on portfolio acquisitions were made by existing businesses which added to overall income.

We have continued to promote and develop premium funding where we have entered into a new arrangement with Hunter Premium Funding effective on 1 August on the expiry of the existing arrangement with Pacific.

We have continued to seek improvements in efficiency in our operations. Our Central Data Centre has continued its development with 33 businesses in the group now serviced by the data centre which continues to provide an efficient and cost effective support to the network.

Our centralised business centre provides back office services, particularly for the smaller operations, and is now supporting 19 businesses. Business processes and reporting are being improved to provide maximum assistance.

We have continued to support the network with compliance, best practice initiatives and broking file reviews to identify areas where broking processes may be improved.

Our EDI system, iClose, has been rolled out to the network and is operational but not all underwriters have achieved full automation at their end. We are continuing training and making enhancements to maximise the potential of the system.

Underwriting Agencies

The focus on growth and development of our underwriting agency operations has continued.

Austagencies has increased income by 55% in 2012 with premiums written now standing at $160 million with profit increasing by 54%.

We acquired Film Insurance Underwriting Agency on 1 January 2012. This acquisition complemented our existing film and television portfolio. New agency joint ventures in accident and health insurance, strata insurance and liability have commenced in the last few months.

Funding

The facility with St George Bank of $44 million is in place until August 2013. Currently the Facility is drawn to approximately $33 million which would leave around $11 million available. With cash currently held and recognising around $4.3 million of future earn out payments approximately $20 million is available for future acquisitions.

The Dividend Reinvestment Plan will continue to be reviewed and underwritten in future depending on the need for further acquisition funding.

We are currently reviewing our future funding needs and expect to have longer term arrangements in place in the near future.

Developments since 30 June 2012

Since the end of the financial year three bolt-on acquisitions have been made and we are continuing discussions in relation to a number of further acquisitions.

In addition we have increased our equity interests in a number of existing businesses which will provide additional income which will partially offset the decline in interest earnings following reductions in the cash rates.

Outlook FY 2013

Market Conditions

We believe the premium rate environment for FY 2013 will continue current trends with moderate increases over the remainder of the financial year in the SME sector.

The broker market will continue to consolidate and opportunities to make acquisitions will arise. There are currently opportunities in the market but as always our success and the timing of completing these can be subject to many variables.

There is also increased competition in the market for acquisitions. Notwithstanding this we believe that we will continue to be successful in making value add acquisitions.

The economic outlook is still somewhat uncertain and difficult particularly in the SME sector.

Interest rates will be lower over FY 2013 impacting earnings.

Earnings Outlook

The results for the four months to the end of October have been pleasing however approximately 60% of the group’s profit is earned in the second half and 40% in the last 3 months of the year. In addition the level of profit commissions will not be known until the last quarter of the year.

Interest earnings will be down as previously stated but this will be partially offset by the earnings from the additional equity acquired in a number of businesses.

On this basis and recognising some uncertainties in economic conditions over the remainder of the year, we do not propose to vary our previous earnings guidance of a 5% to 10% increase in Net

Profit After Tax (before amortisation, profit on sale of equity interests and non recurring items) over FY 2012.

We will review the position again after finalising our results for the first half year.

Conclusion

Most importantly, I would like to again recognise the efforts of our equity partners and all those employed in the broker network and underwriting agencies for their contribution to the excellent results achieved in the 2012 financial year and the solid start to the new 2013 financial year. I would also like to thank the management and staff of Austbrokers Holdings for their ongoing efforts and support.

It is with immense satisfaction that I look back on what the Austbrokers team has achieved in building the company into what it is today from its start back in 1985 with myself and a parttime assistant to the listing in 2005 and our market cap more than quadrupling over the seven years since.

It is also very pleasing for me personally that our partners and the businesses in the network have continued to grow and prosper.

I am confident that the company will continue its success under the new CEO Mark Searles from January 2013 and I look forward to continuing to make a contribution in a consultancy capacity.

Thank you for attending today and thank you for your ongoing interest and support of Austbrokers.

W.L. McKeough CEO Austbrokers Holdings Limited

AUSTBROKERS HOLDINGS LIMITED ANNUAL GENERAL MEETING

28[th] November 2012