AUB GROUP LIMITED — Major Shareholding Notification 2012

Oct 10, 2012

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Sydney

Level 15, 255 Pitt Street Sydney NSW 2000 Australia GPO Box 3698 Sydney NSW 2001 www.challenger.com.au

11 October 2012

Telephone 02 9994 7000 Facsimile 02 9994 7777

The Manager Company Announcements Office ASX Limited 20 Bridge Street

SYDNEY NSW 2000

By electronic lodgement

Dear Sir

Re: Notice of change of interests of substantial holder ~ Austbrokers Holdings Limited (AUB)

We enclose notice of change of interests of substantial holder in Austbrokers Holdings Limited. This notice is given by Challenger Limited and each of its subsidiaries named in Annexure 1 to this notice.

Yours faithfully

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Suzie Koeppenkastrop

Company Secretary

attach

Melbourne Level 19, 31 Queen Street PO Box 297, Flinders Lane, Melbourne VIC 3000 Telephone 02 9994 7000 Facsimile 02 9994 7777 Brisbane Level 7, 320 Adelaide Street GPO Box 3234, Brisbane QLD 4001 Telephone 07 3136 5400 Facsimile 07 3136 5407 Perth Level 2, 168 St Georges Terrace, Perth WA 6000 Telephone 08 9261 7412 Facsimile 08 9321 5277 Adelaide Level 7, Suite 714, 147 Pirie Street Adelaide SA 5000 Telephone 08 7071 7042 Facsimile 08 8227 0395

Challenger Limited ABN 85 106 842 371 Challenger Group Services Pty Limited ABN 91 085 657 307 Challenger Life Company Limited ABN 44 072 486 938 AFSL 234670 Howard Commercial Lending Limited ABN 65 000 033 143 Challenger Listed Investments Limited ABN 94 055 293 644 AFSL 236 887 CIF Investment Trust 1 ARSN 114 139 703 CIF Investment Trust 2 ARSN 114 139 632 Challenger Wine Trust ARSN 092 960 060 Challenger Diversified Property Trust 1 ARSN 121 484 606 Challenger Diversified Property Trust 2 ARSN 121 484 713 Challenger Management Services Limited ABN 29 092 382 842 AFSL 234 678 Challenger Retirement and Investment Services Limited ABN 80 115 534 453 AFSL295642 RSE Licence No. L0001304 Challenger Mortgage Management Pty Ltd ABN 72 087 271 109 Challenger Securitisation Management Pty Ltd ABN 56 100 346 898 AFSL 244593

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604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company name/Scheme ACN/ARSN

Austbrokers Holdings Limited 000 000 715

1. Details of substantial holder (1)

Name Challenger Limited (and the entities listed in Annexure 1)

ACN/ARSN (if applicable) 106 842 371

There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated

09.10.2012 27.08.2012 27.08.2012

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

	Class of securities (4) Previous notice	Class of securities (4) Previous notice	Class of securities (4) Previous notice			Present notice	Present notice
		Person's votes		Voting power(5)		Person's votes		Voting power(5)
	OrdinaryFully	Paid 4,455,965		7.96%		3,894,915		6.95%
	in relevant interests
	ach change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, sin									c
l	der was last required to give a substantial holding notice to the company or scheme are as follows:
	Date of	Person whose	Nature of change (6)		Consideration given		Class and number		Person's votes
	change	relevant interest			in relation to change		of securities		affected
		changed			(7)		affected
	Refer	Challenger	Refer Annexure 2		Refer Annexure 2		Refer Annexure		Refer Annexure 2
	Annexure 2	Limited					2
		And each other
		entity named in
		Annexure1

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Persons entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Challenger Limited And each other entity named in Annexure1	National Custodian Services	National Custodian Services	The relevant interest arises by Challenger Limited and the entites listed in Annexure 1	1,123,999 (ordinary fully paid)	1,123,999
As Above	State Street Australia Ltd	State Street Australia Ltd	The relevant interest arises by Challenger Limited and the entites listed in Annexure 1	823,124 (ordinary fully paid)	823,124
As Above	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd	The relevant interest arises by Challenger Limited and the entites listed in Annexure 1	1,947,792 (ordinary fully paid)	1,947,792

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (ifapplicable)	**Nature of association **
N/A	N/A

6. Addresses

The addresses of persons named in this form are as follows:

ASX\20121011 ASIC Form 604.docx

604 page 2/2 15 July 2001

Name Address Challenger Limited Level 15, 255 Pitt Street, Sydney NSW 2000 And each other entity named in Annexure 1

 Signature

print name Suzie Koeppenkastrop capacity Company Secretary

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date 11/10/2012

ASX\20121011 ASIC Form 604.docx

Annexure 1

This is page 1 of 4 pages of Annexure 1 referred to in Form 604 signed by me and dated 11/10/2012

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Suzie Koeppenkastrop

Company Secretary

Company/Scheme	ABN/ARSN
Challenger Limited	85106 842371
AllfineHoldingsPtyLtd	84 100231918
Bluezen PtyLtd	94 100220175
CDPG Australia PtyLimited	124 498 095
CescadePtyLimited	76 096 097399
CFSGHoldingsNo. 2 VictoriaPtyLimited	107601605
Challenger DirectPtyLtd	52006475 501
Challenger DiversifiedPropertyDevelopmentPtyLimited	121624833
Challenger FinancialServicesLimited	38 087 464 131
Challenger FM 2 HoldingsPtyLimited	85 080 036 657
Challenger FM NomineesPtyLimited	130 035 353
Challenger FundsManagementHoldingsPtyLimited	107 728 030
ChallengerGroupHoldingsLimited	50 002993 302
ChallengerGroupPtyLtd	85 003 374 196
ChallengerGroup ServicesPtyLtd	91085 657307
Challenger HomeLoanCorporation PtyLimited	058 891302
Challenger InventoryFinance ServicingPtyLimited	36107 706 810
Challenger LBCTerminalsAustraliaPtyLimited	125211 770
Challenger Life CompanyHoldings PtyLtd	60 006 381 193
Challenger Life CompanyLimited	44072 486 938
Challenger LifeNomineesNo.2 Limited	34078 627013
Challenger Life Nominees No.3 Pty Limited	151 482 147
Challenger LifeNomineesPtyLtd	39 091336793
Challenger Life SubsidiaryHoldingsLtd	38 099742 122
Challenger ListedInvestmentsLimited	94055293 644
Challenger ManagedInvestments (International)PtyLtd	120 871 212
Challenger Management ServicesLimited	29 092382842
Challenger Margin LendingPtyLimited	47091338 822
Challenger MortgageManagementPtyLimited	72087 271 109
Challenger Non-ConformingFinancePtyLtd	107 725486
ChallengerOriginator FinancePtyLtd	095 085466
Challenger PropertyAssetManagementPtyLtd	90 077569 021
Challenger Retirement andInvestment ServicesLimited	115 534 453
Challenger Securitisation Management PtyLimited	56 100 346 898
ChallengerSkybridge (Fund)Holding CompanyPtyLtd	130 888292
ChallengerSkybridge (Group)Holding CompanyPtyLtd	130 888 327
ChallengerSkybridge (Hastings)Holding CompanyPtyLtd	130 888274
ChallengerSpecialServicingPtyLtd	77 107 707 415
Challenger TreasuryLimited	47093 307996
Challenger Wind Holdings Pty Limited	151 496 061
Challenger WholesaleFinanceHoldingsPtyLimited	087 284 240
CPHICInvestmentsPtyLtd	95 093 340 526
CSPP1 Broadbeach PtyLtd	122 460 977

Annexure 1

This is page 2 of 4 pages of Annexure 1 referred to in Form 604 signed by me and dated 11/10/2012

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Suzie Koeppenkastrop Company Secretary

Company/Scheme	ABN/ARSN
CSPP1 Investment Company1 PtyLimited	120463 023
CSPP1 MaitlandPtyLtd	122 460 968
CSPP1 Mavis CourtPtyLtd	122 461983
EMIF Holdings PtyLtd	130 565 169
EndowmentWarrantsLimited	45 009 568 503
FidantePartnersAlphinityHoldingsPtyLtd	140716 016
FidantePartnersArdeaHoldingsPtyLtd	133 865 853
Fidante Partners Bentham Holdings Pty Ltd	140 715 573
FidantePartnersFive OceansHoldingsPtyLtd	143 836 373
FidantePartnersHoldingsPtyLimited	123 318 650
FidantePartnersKapstream HoldingsPtyLimited	123 319460
FidantePartnersKineticHoldingsPtyLimited	152375436
FidantePartnersLimited	94002835 592
Fidante Partners Merlon Holdings Pty Ltd	140 715 662
Fidante Partners Metisq Holdings Pty Ltd	143 376 961
FidantePartnersNovaPortHoldingsPtyLtd	140715797
FidantePartners ServicesLimited	44 119 605 373
FidantePartnersWavestoneHoldingsPtyLimited	133 626276
GasValpo Finance PtyLtd	003 376 529
Howard Commercial LendingLimited	65 000 033143
InexusAustralian Holdings CompanyLimited	115 840 661
LANV PtyLtd	147 224502
MaitlandNomineeHoldingsPtyLimited	122853114
Mavis CourtDevelopment CoPtyLimited	124 112956
MawburyPtyLimited	95 096 097 479
Metisq Capital HoldingsPtyLtd	158 011351
Metisq Capital PtyLtd	104642613
MIR NomineeHoldingsPtyLimited	154029259
Oaklands Hill Pty Ltd	149 814 559
Oaklands Hill Wind Farm Pty Ltd	126 595 935
TalaveraHerringPtyLimited	34086 068 984
TheLiberty Group Consortium PtyLtd	79 082564 289
TLG ServicesPtyLimited	20 092500 608
TLGH PtyLimited	85 092 927 467
TRE Data Centres CanberraPtyLtd	141881 227
Waterford CountyPtyLimited	122853 089

Annexure 1

This is page 3 of 4 pages of Annexure 1 referred to in Form 604 signed by me and dated 11/10/2012

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Suzie Koeppenkastrop

Company Secretary

Overseas Companies Appia Europe Limited Appia Finance 2 Limited Appia Finance Limited Appia Group Limited (Jersey) Appia Investments Limited CDPG Luxembourg Holdings SARL CDPG Luxembourg II SARL CDPG Luxembuorg SARL CDPG Malta Limited Challenger Connections Limited Challenger Connections Mid Company Limited Challenger DPG France II SAS Challenger DPG France SAS Challenger Group Services (UK) Limited Challenger Harbourmasters Holdings Jersey Limited Challenger Holding (Vagyonkezelo) KFT Challenger Jersey I3 Limited Challenger Jersey Management Limited Challenger Jersey Trustee Limited Challenger LBC Terminals Holding Company Limited Challenger LBC Terminals Jersey Limited Challenger LBC Terminals Limited Challenger Life (UK) Limited Challenger Luxembourg Holding No. 1A SARL Challenger Luxembourg Holding No. 1B SARL Challenger Luxembourg Holding No. 2 SARL Challenger Management Services (UK) Limited Challenger MBK Emerging Market Infrastructure Fund Pte. Ltd Challenger MBK Fund Management Pte. Ltd Challenger Northern Gas Ltd (Jersey) Challenger SCR LLP Member Limited Challenger SkyBridge Fund (LP) Limited Challenger SkyBridge Fund (SLP) Limited Challenger Southern Water Limited Challenger Structured Credit Management Limited Challenger Towers Ltd (Jersey) Challenger UK Tank Storage Limited Challenger UK Terminals Ltd Challenger Wales and the West Gas Ltd (Jersey) Challenger Welcome Break Limited

Annexure 1

This is page 4 of 4 pages of Annexure 1 referred to in Form 604 signed by me and dated 11/10/2012

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Suzie Koeppenkastrop

Company Secretary

Overseas Companies Clashfern Investments (UK) Limited CMS (UK) Pty Limited GasValpo Jersey Holding Company Limited Greensands Holdings Jersey Limited GV Cayman Company Limited GV Chile Holding Limitada GV Chile Limitada GV Jersey Trustee Company Limited GV Jersey Trustee Company No. 2 Limited Inexus Group Holdings Inexus Group Limited Interstar Home Loan Corporation NZ Limited (Foreign) Kabushiki Kaisha C & K Lazor Mangro Namroc Oikos Limited Oikos Storage Limited Rozal Rozalia Park Sabrand Limited SCI Aulnay Invest SCI Gennevilliers Invest Structured Credit Research LLP

Annexure 2

11/10/2012

This is page 1 of 2 pages of Annexure 2 referred to in Form 604 signed by me and dated

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Suzie Koeppenkastrop

Annexure 2 Document

Transactions:

Austbrokers Holdings Ltd (AUB) As at 09/10/2012

Ordinary Fully Paid

As at 09/10/2012 Ordinary Fully Paid
Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of securities	Person's Votes Affected
30/08/2012	Challenger Limited (the entities listed in Annexure 1)	Sell	9151.73	-1161	-1161
30/08/2012	as above	Sell	362.60	-46	-46
30/08/2012	as above	Sell	18500.51	-2347	-2347
30/08/2012	as above	Sell	496.60	-63	-63
30/08/2012	as above	Sell	2522.43	-320	-320
30/08/2012	as above	Sell	34573.17	-4386	-4386
30/08/2012	as above	Sell	7795.91	-989	-989
31/08/2012	as above	Sell	2853.51	-362	-362
31/08/2012	as above	Sell	110.36	-14	-14
31/08/2012	as above	Sell	5770.07	-732	-732
31/08/2012	as above	Sell	157.65	-20	-20
31/08/2012	as above	Sell	788.26	-100	-100
31/08/2012	as above	Sell	10775.54	-1367	-1367
31/08/2012	as above	Sell	2427.84	-308	-308
03/09/2012	as above	Sell	890.73	-113	-113
03/09/2012	as above	Sell	31.53	-4	-4
03/09/2012	as above	Sell	1797.24	-228	-228
03/09/2012	as above	Sell	47.30	-6	-6
03/09/2012	as above	Sell	244.36	-31	-31
03/09/2012	as above	Sell	3365.87	-427	-427
03/09/2012	as above	Sell	756.73	-96	-96
03/09/2012	as above	Sell	7015.20	-888	-888
03/09/2012	as above	Sell	3507.60	-444	-444
04/09/2012	as above	Sell	9829.63	-1247	-1247
04/09/2012	as above	Sell	386.25	-49	-49
04/09/2012	as above	Sell	19872.09	-2521	-2521
04/09/2012	as above	Sell	536.02	-68	-68
04/09/2012	as above	Sell	2711.62	-344	-344
04/09/2012	as above	Sell	37119.26	-4709	-4709
04/09/2012	as above	Sell	8371.34	-1062	-1062
05/09/2012	as above	Sell	1857.85	-237	-237
05/09/2012	as above	Sell	70.56	-9	-9
05/09/2012	as above	Sell	3754.89	-479	-479
05/09/2012	as above	Sell	101.91	-13	-13
05/09/2012	as above	Sell	509.54	-65	-65
05/09/2012	as above	Sell	7015.92	-895	-895
05/09/2012	as above	Sell	1583.48	-202	-202
06/09/2012	as above	Sell	289.81	-37	-37
06/09/2012	as above	Sell	78.32	-10	-10
06/09/2012	as above	Sell	62.66	-8	-8
06/09/2012	as above	Sell	482030.19	-61935	-61935
06/09/2012	as above	Sell	127747.53	-16414	-16414
06/09/2012	as above	Sell	109130.99	-14022	-14022
10/09/2012	as above	Sell	227017.33	-28978	-28978
10/09/2012	as above	Sell	60166.09	-7680	-7680
10/09/2012	as above	Sell	51399.71	-6561	-6561
10/09/2012	as above	Sell	6830.43	-873	-873
10/09/2012	as above	Sell	2002.97	-256	-256
11/09/2012	as above	Sell	7401.93	-945	-945
11/09/2012	as above	Sell	1966.02	-251	-251
11/09/2012	as above	Sell	540.46	-69	-69
11/09/2012	as above	Sell	3963.37	-506	-506
11/09/2012	as above	Sell	109.66	-14	-14

11/09/2012	as above	Sell	1684.03	-215	-215
11/09/2012	as above	Sell	1439.64	-184	-184
11/09/2012	as above	Sell	422.50	-54	-54
12/09/2012	as above	Sell	267490.70	-34094	-34094
12/09/2012	as above	Sell	70932.81	-9041	-9041
12/09/2012	as above	Sell	19661.28	-2506	-2506
12/09/2012	as above	Sell	143152.32	-18246	-18246
12/09/2012	as above	Sell	3844.39	-490	-490
12/09/2012	as above	Sell	60678.50	-7734	-7734
12/09/2012	as above	Sell	81918.27	-10470	-10470
12/09/2012	as above	Sell	24004.32	-3068	-3068
13/09/2012	as above	Sell	16354.74	-2088	-2088
13/09/2012	as above	Sell	4339.33	-554	-554
13/09/2012	as above	Sell	1198.41	-153	-153
13/09/2012	as above	Sell	8749.16	-1117	-1117
13/09/2012	as above	Sell	234.98	-30	-30
13/09/2012	as above	Sell	3712.72	-474	-474
13/09/2012	as above	Sell	7005.71	-900	-900
13/09/2012	as above	Sell	2335.24	-300	-300
14/09/2012	as above	Sell	29317.90	-3743	-3743
14/09/2012	as above	Sell	7777.90	-993	-993
14/09/2012	as above	Sell	2154.00	-275	-275
14/09/2012	as above	Sell	15688.95	-2003	-2003
14/09/2012	as above	Sell	422.96	-54	-54
14/09/2012	as above	Sell	6649.99	-849	-849
17/09/2012	as above	Sell	37136.26	-4720	-4720
17/09/2012	as above	Sell	9850.56	-1252	-1252
17/09/2012	as above	Sell	2730.14	-347	-347
17/09/2012	as above	Sell	19874.20	-2526	-2526
17/09/2012	as above	Sell	535.01	-68	-68
17/09/2012	as above	Sell	8426.47	-1071	-1071
19/09/2012	as above	Sell	35431.58	-4552	-4552
19/09/2012	as above	Sell	9394.98	-1207	-1207
19/09/2012	as above	Sell	2607.55	-335	-335
19/09/2012	as above	Sell	18961.18	-2436	-2436
19/09/2012	as above	Sell	505.95	-65	-65
19/09/2012	as above	Sell	8032.82	-1032	-1032
20/09/2012	as above	Sell	77376.05	-9948	-9948
20/09/2012	as above	Sell	20510.72	-2637	-2637
20/09/2012	as above	Sell	5685.75	-731	-731
20/09/2012	as above	Sell	41402.56	-5323	-5323
20/09/2012	as above	Sell	1112.26	-143	-143
20/09/2012	as above	Sell	17547.28	-2256	-2256
21/09/2012	as above	Sell	28633.07	-3679	-3679
21/09/2012	as above	Sell	7619.40	-979	-979
21/09/2012	as above	Sell	2093.58	-269	-269
21/09/2012	as above	Sell	15363.33	-1974	-1974
21/09/2012	as above	Sell	404.71	-52	-52
21/09/2012	as above	Sell	6545.37	-841	-841
24/09/2012	as above	Sell	3891.42	-500	-500
24/09/2012	as above	Sell	1035.12	-133	-133
24/09/2012	as above	Sell	287.96	-37	-37
24/09/2012	as above	Sell	2093.58	-269	-269
24/09/2012	as above	Sell	54.48	-7	-7
24/09/2012	as above	Sell	887.24	-114	-114
25/09/2012	as above	Sell	560146.56	-71972	-71972
25/09/2012	as above	Sell	148465.45	-19076	-19076
25/09/2012	as above	Sell	600874.16	-77205	-77205
25/09/2012	as above	Sell	255767.47	-32863	-32863
26/09/2012	as above	Sell	14841.87	-1907	-1907
26/09/2012	as above	Sell	193643.43	-25000	-25000
08/10/2012	as above	Sell	60620.99	-7780	-7780
09/10/2012	as above	Sell	87072.91	-11198	-11198

-561,050