AUB GROUP LIMITED — Major Shareholding Notification 2011

Dec 21, 2011

==> picture [60 x 71] intentionally omitted <==

22 December 2011

QBE Insurance Group Limited ABN 28 008 485 014 82 Pitt Street Sydney NSW 2000 Australia

Postal Address GPO Box 82 Sydney NSW 2001 Telephone: 61 2 9375 4444 Facsimile: 61 2 9231 6104 DX 10171, Sydney Stock Exchange

The Manager Company Announcements ASX Limited Level 6 Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

Re: Austbrokers Holdings Limited – Notice of change of interests of substantial holder

For the market’s information, please find enclosed our signed Form 604 following an intra-group transfer.

QBE has received cash dividends from Austbrokers (rather than participating in dividend reinvestments).

Yours faithfully,

==> picture [120 x 41] intentionally omitted <==

Duncan Ramsay

Company Secretary

Attachment