AUB GROUP LIMITED — Capital/Financing Update 2014

Sep 29, 2014

==> picture [124 x 45] intentionally omitted <==

30[th] September 2014

The Manager Market Announcements Platform ASX Limited Level 6, Exchange Centre 20 Bridge Street Sydney, NSW 2000

FOR IMMEDIATE RELEASE

Dear Sir / Madam,

Update in relation to 2014 Dividend Reinvestment Plan Underwriting

Austbrokers Holdings Limited ( Austbrokers ) is pleased to confirm that it has entered into an agreement with Goldman Sachs Australia Pty Ltd to underwrite, subject to customary terms and conditions, in full the amount of the 2014 final dividend of 26.5 cents per share which is not reinvested by shareholders under the Austbrokers dividend reinvestment plan ( DRP ). Shares issued under the underwriting agreement will be issued at the same price as the shares issued to shareholders under the DRP.

In advance of the pricing and election period for the DRP, Austbrokers notes that it continues to investigate suitable acquisition opportunities in a broad range of markets. Austbrokers is currently in negotiations in respect of a potential acquisition in the insurance broking sector. While there is no assurance any acquisition will be concluded and, if so, on what terms, Austbrokers notes that any such acquisition, should it occur, would not be sufficiently material to cause Austbrokers to alter its earnings guidance provided as part of its outlook statement in its FY 2014 results announcement.

Yours faithfully

==> picture [104 x 44] intentionally omitted <==

Stephen Rouvray Company Secretary Austbrokers Holdings Limited

For further information, contact Steve Rouvray Tel: (02) 9935 2201 Mobile: 0412 259 158

This announcement may contain forward looking statements relating to future matters, which are subject to known and unknown risks, uncertainties and other important factors which could cause the actual results, performance or achievements of Austbrokers and the Austbrokers Group to be materially different from those expressed in this announcement. Except as required by law and only to the extent so required, neither Austbrokers nor any other person warrants that these forward looking statements relating to future matters will occur.