AUB GROUP LIMITED — M&A Activity 2025

Nov 6, 2025

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ASX Announcement

7 November 2025

The Manager ASX Market Announcements Office ASX Limited Level 27, 39 Martin Place Sydney NSW 2000

Update on non-binding indicative proposal from EQT

AUB Group Limited ( AUB ) refers to its announcement on 28 October 2025 regarding the confidentiality and exclusivity agreement ( Confidentiality Agreement ) with an affiliate of EQT AB ( EQT ) granting EQT a period of exclusivity to undertake due diligence in connection with its confidential and non-binding indicative proposal to acquire 100% of AUB by way of scheme of arrangement for cash consideration of $45.00 for each AUB share (the Proposal ).

Under the terms of the Confidentiality Agreement, EQT was required to re-confirm its intention to proceed with the Proposal to acquire AUB at $45.00 cash for each AUB share to retain exclusivity. EQT has provided such re-confirmation.

Accordingly, in accordance with the terms of the Confidentiality Agreement, the initial four week period of exclusivity has been automatically extended by a further two weeks (through to 5.00pm (Sydney time) on 20 November 2025) following EQT's re-confirmation.

The AUB Board notes that there is no guarantee that a binding agreement will be reached with EQT and therefore no certainty that the Proposal will result in a transaction.

AUB shareholders do not need to take any action in relation to the Proposal.

AUB will provide further updates to the market as appropriate.

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The release of this announcement was authorised by the AUB Board.

For further information, contact Richard Bell, Chief Legal and Risk Officer, on +61 2 9935 2222 or richardb@aubgroup.com.

About AUB Group

AUB Group Limited (ASX: AUB) is an ASX200 listed group comprising insurance brokers and underwriting agencies operating in ~579 locations. Over ~6,000 team members work with our ~1,200,000 clients to place more than $11bn in insurance premiums with local and foreign insurers.

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