AUB GROUP LIMITED — Major Shareholding Notification 2013

Feb 26, 2013

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Sydney

27 February 2013

The Manager Company Announcements Office ASX Limited 20 Bridge Street

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

Telephone 02 9994 7000 Facsimile 02 9994 7777

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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Andrew Brown 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

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

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

25.02.2013 11.10.2012 11.10.2012

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	Previous notice	Present notice	Present notice
	Person's votes	Voting power(5)	Person's votes	Voting power(5)
OrdinaryFullyPaid	3,894,915	6.95%	3,287,367	5.71%

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:

Date of change	Person whose relevant interest changed	Nature of change (6)	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Class and number of securities affected	Person's votes affected	Person's votes affected
Refer Annexure 2	Challenger Limited And each other entity named in Annexure1	Refer Annexure 2		Refer Annexure 2	Refer Annexure 2		Refer Annexure 2
relevant interests 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	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited	The relevant interest arises by Challenger Limited and the entites listed in Annexure 1			776,923 (ordinary fully paid)		776,923
As Above	National Nominees Limited	National Nominees Limited	The relevant interest arises by Challenger Limited and the entites listed in Annexure 1			1,278,344 (ordinary fully paid)		1,278,344
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			557,098 (ordinary fully paid)		557,098
As Above	HSBC Custody Nominees Australia Limited	HSBC Custody Nominees Australia Limited	The relevant interest arises by Challenger Limited and the entites listed in Annexure 1			675,002 (ordinary fully paid		675,002

4. Present relevant interests

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

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:

ASX\20130227 AUB ASIC Form 604

604 page 2/2 15 July 2001

Name and ACN/ARSN (if applicable) Nature of association N/A N/A

6. Addresses

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

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

 Signature print name Andrew Brown capacity Company Secretary date 27/02/2013

ASX\20130227 AUB ASIC Form 604

Annexure 1

This is page 1 of 4 pages of Annexure 1 referred to in Form 604 signed by me and dated 27/02/2013

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Andrew Brown

Company Secretary

Andrew Brown Company Secretary
Company/Scheme	ABN/ARSN
Challenger Limited	85 106 842 371
Allfine Holdings PtyLtd	84 100 231 918
Bluezen PtyLtd	94 100 220 175
CDPG Australia PtyLimited	124 498 095
Cescade PtyLimited	76 096 097 399
CFSG Holdings No. 2 Victoria PtyLimited	107 601 605
Challenger Direct PtyLtd	52 006 475 501
Challenger Diversified PropertyDevelopment PtyLimited	121 624 833
Challenger Financial Services Limited	38 087 464 131
Challenger FM 2 Holdings PtyLimited	85 080 036 657
Challenger FM Nominees PtyLimited	130 035 353
Challenger Funds Management Holdings PtyLimited	107 728 030
Challenger GroupHoldings Limited	50 002 993 302
Challenger GroupPtyLtd	85 003 374 196
Challenger GroupServices PtyLtd	91 085 657 307
Challenger Home Loan Corporation PtyLimited	058 891 302
Challenger InventoryFinance ServicingPtyLimited	36 107 706 810
Challenger LBC Terminals Australia PtyLimited	125 211 770
Challenger Life CompanyHoldings PtyLtd	60 006 381 193
Challenger Life CompanyLimited	44 072 486 938
Challenger Life Fund PropertyInvestments PtyLtd	161 212 693
Challenger Life Nominees No.2 Limited	34 078 627 013
Challenger LifeNomineesNo.3PtyLimited	151 482 147
Challenger Life Nominees PtyLtd	39 091 336 793
Challenger Life SubsidiaryHoldings Ltd	38 099 742 122
Challenger Listed Investments Limited	94 055 293 644
Challenger Managed Investments(International)PtyLtd	120 871 212
Challenger Management Services Limited	29 092 382 842
Challenger Margin LendingPtyLimited	47 091 338 822
Challenger Mortgage Management PtyLimited	72 087 271 109
Challenger Non-ConformingFinance PtyLtd	107 725 486
Challenger Originator Finance PtyLtd	095 085 466
Challenger PropertyAsset Management PtyLtd	90 077 569 021
Challenger Retirement and Investment Services Limited	115 534 453
Challenger Securitisation Management PtyLimited	56 100 346 898
Challenger Skybridge(Fund)HoldingCompanyPtyLtd	130 888 292
Challenger Skybridge(Group)HoldingCompanyPtyLtd	130 888 327
Challenger Skybridge(Hastings)HoldingCompanyPtyLtd	130 888 274
Challenger Special ServicingPtyLtd	77 107 707 415
Challenger TreasuryLimited	47 093 307 996
Challenger WindHoldingsPtyLimited	151 496 061
Challenger Wholesale Finance Holdings PtyLimited	087 284 240
CPHIC Investments PtyLtd	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 27/02/2013

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Andrew Brown Company Secretary

Andrew Brown Company Secretary
Company/Scheme	ABN/ARSN
CSPP1 Investment Company1 PtyLimited	120 463 023
CSPP1 Maitland PtyLtd	122 460 968
CSPP1 Mavis Court PtyLtd	122 461 983
EMIF Holdings PtyLtd	130 565 169
Endowment Warrants Limited	45 009 568 503
Fidante Partners AlphinityHoldings PtyLtd	140 716 016
Fidante Partners Ardea Holdings PtyLtd	133 865 853
FidantePartnersBentham HoldingsPtyLtd	140715 573
Fidante Partners Five Oceans Holdings PtyLtd	143 836 373
Fidante Partners Holdings PtyLimited	123 318 650
Fidante Partners Kapstream Holdings PtyLimited	123 319 460
Fidante Partners Kinetic Holdings PtyLimited	152 375 436
Fidante Partners Limited	94 002 835 592
Fidante Partners Merlon Holdings PtyLtd	140 715 662
FidantePartnersMetisqHoldingsPtyLtd	143 376 961
Fidante Partners NovaPort Holdings PtyLtd	140 715 797
Fidante Partners Services Limited	44 119 605 373
Fidante Partners Wavestone Holdings PtyLimited	133 626 276
GasValpo Finance PtyLtd	003 376 529
Howard Commercial LendingLimited	65 000 033 143
Inexus Australian Holdings CompanyLimited	115 840 661
LANV PtyLtd	147 224 502
Maitland Nominee Holdings PtyLimited	122 853 114
Mavis Court Development Co PtyLimited	124 112 956
MawburyPtyLimited	95 096 097 479
MetisqCapital Holdings PtyLtd	158 011 351
MetisqCapital PtyLtd	104 642 613
MIR Nominee Holdings PtyLimited	154 029 259
OaklandsHill PtyLtd	149 814559
OaklandsHill WindFarm PtyLtd	126 595 935
Talavera HerringPtyLimited	34 086 068 984
The LibertyGroupConsortium PtyLtd	79 082 564 289
TLG Services PtyLimited	20 092 500 608
TLGH PtyLimited	85 092 927 467
TRE Data Centres Canberra PtyLtd	141 881 227
Waterford CountyPtyLimited	122 853 089

Annexure 1

This is page 3 of 4 pages of Annexure 1 referred to in Form 604 signed by me and dated 27/02/2013

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Andrew Brown 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 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 27/02/2013

==> picture [165 x 49] intentionally omitted <==

Andrew Brown

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 Document

Transactions: Austbrokers Holdings Ltd (AUB) As at 25/02/2013 Ordinary Fully Paid

Annexure 2

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

27/02/2013

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Andrew Brown

	Andrew Brown
Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of securities	Person's Votes Affected
10/10/2012	Challenger Limited (the entities listed in Annexure 1)	AllocSellExt	60802.49	-7821	-7821
11/10/2012	as above	AllocSellExt	9329.11	-1200	-1200
11/10/2012	as above	AllocSellExt	15379.48	-2000	-2000
15/10/2012	as above	AllocSellExt	75597.29	-10001	-10001
15/10/2012	as above	AllocSellExt	26450.48	-3500	-3500
18/10/2012	as above	Buy	176971.66	23593	23593
18/10/2012	as above	Buy	1610.56	214	214
18/10/2012	as above	Buy	12906.67	1720	1720
18/10/2012	as above	Buy	1710.54	228	228
18/10/2012	as above	Buy	46567.49	6208	6208
18/10/2012	as above	Buy	169699.50	22624	22624
18/10/2012	as above	Buy	65419.98	8721	8721
18/10/2012	as above	Buy	36517.97	4868	4868
18/10/2012	as above	Buy	10452.87	1393	1393
31/10/2012	as above	AllocBuyExt	7013.87	900	900
22/11/2012	as above	AllocBuyExt	28541.09	3695	3695
29/11/2012	as above	AllocBuyExt	292486.86	37416	37416
03/12/2012	as above	AllocBuyExt	67235.40	8601	8601
03/12/2012	as above	AllocBuyExt	213267.76	27282	27282
06/12/2012	as above	AllocSellExt	10547.85	-1300	-1300
17/12/2012	as above	AllocBuyExt	1100515.82	139000	139000
31/12/2012	as above	AllocBuyExt	9394.00	1100	1100
31/12/2012	as above	AllocSellExt	9394.00	-1100	-1100
03/01/2013	as above	AllocSellExt	17837.38	-2029	-2029
03/01/2013	as above	AllocSellExt	3437.36	-391	-391
03/01/2013	as above	AllocSellExt	923.07	-105	-105
03/01/2013	as above	AllocSellExt	747.25	-85	-85
03/01/2013	as above	AllocSellExt	6901.11	-785	-785
03/01/2013	as above	AllocSellExt	158.24	-18	-18
03/01/2013	as above	AllocSellExt	3032.97	-345	-345
04/01/2013	as above	AllocSellExt	13944.04	-1603	-1603
04/01/2013	as above	AllocSellExt	2687.90	-309	-309
04/01/2013	as above	AllocSellExt	721.99	-83	-83
04/01/2013	as above	AllocSellExt	582.81	-67	-67
04/01/2013	as above	AllocSellExt	5393.21	-620	-620
04/01/2013	as above	AllocSellExt	121.79	-14	-14
04/01/2013	as above	AllocSellExt	2366.06	-272	-272
07/01/2013	as above	AllocSellExt	5139.07	-592	-592
07/01/2013	as above	AllocSellExt	989.62	-114	-114
07/01/2013	as above	AllocSellExt	269.11	-31	-31
07/01/2013	as above	AllocSellExt	217.02	-25	-25
07/01/2013	as above	AllocSellExt	1987.92	-229	-229
07/01/2013	as above	AllocSellExt	43.40	-5	-5
07/01/2013	as above	AllocSellExt	876.76	-101	-101

08/01/2013	as above	AllocSellExt	6146.05	-708	-708
08/01/2013	as above	AllocSellExt	1189.28	-137	-137
08/01/2013	as above	AllocSellExt	321.20	-37	-37
08/01/2013	as above	AllocSellExt	260.43	-30	-30
08/01/2013	as above	AllocSellExt	2378.55	-274	-274
08/01/2013	as above	AllocSellExt	52.09	-6	-6
08/01/2013	as above	AllocSellExt	1041.70	-120	-120
09/01/2013	as above	AllocSellExt	9470.82	-1091	-1091
09/01/2013	as above	AllocSellExt	1822.98	-210	-210
09/01/2013	as above	AllocSellExt	486.13	-56	-56
09/01/2013	as above	AllocSellExt	399.32	-46	-46
09/01/2013	as above	AllocSellExt	3663.33	-422	-422
09/01/2013	as above	AllocSellExt	86.81	-10	-10
09/01/2013	as above	AllocSellExt	1605.96	-185	-185
01/02/2013	as above	AllocBuyExt	3391.55	400	400
01/02/2013	as above	AllocBuyExt	24588.77	2900	2900
05/02/2013	as above	AllocBuyExt	14312.70	1710	1710
06/02/2013	as above	AllocSellExt	764188.07	-89055	-89055
06/02/2013	as above	AllocSellExt	145835.46	-16995	-16995
06/02/2013	as above	AllocSellExt	40004.99	-4662	-4662
06/02/2013	as above	AllocSellExt	32505.13	-3788	-3788
06/02/2013	as above	AllocSellExt	295841.31	-34476	-34476
06/02/2013	as above	AllocSellExt	7499.87	-874	-874
06/02/2013	as above	AllocSellExt	130003.36	-15150	-15150
07/02/2013	as above	AllocSellExt	161361.77	-18572	-18572
08/02/2013	as above	AllocSellExt	868086.00	-100000	-100000
08/02/2013	as above	AllocSellExt	127602.08	-14662	-14662
11/02/2013	as above	AllocSellExt	939494.76	-108226	-108226
11/02/2013	as above	AllocSellExt	178009.72	-20506	-20506
11/02/2013	as above	AllocSellExt	48734.35	-5614	-5614
11/02/2013	as above	AllocSellExt	39254.85	-4522	-4522
11/02/2013	as above	AllocSellExt	362807.86	-41794	-41794
11/02/2013	as above	AllocSellExt	8802.40	-1014	-1014
11/02/2013	as above	AllocSellExt	159068.08	-18324	-18324
11/02/2013	as above	AllocSellExt	35321.13	-4045	-4045
11/02/2013	as above	AllocSellExt	6697.49	-767	-767
11/02/2013	as above	AllocSellExt	1833.72	-210	-210
11/02/2013	as above	AllocSellExt	1475.71	-169	-169
11/02/2013	as above	AllocSellExt	13639.46	-1562	-1562
11/02/2013	as above	AllocSellExt	331.81	-38	-38
11/02/2013	as above	AllocSellExt	5981.45	-685	-685
12/02/2013	as above	AllocSellExt	151003.56	-17395	-17395
12/02/2013	as above	AllocSellExt	33464.71	-3855	-3855
12/02/2013	as above	AllocSellExt	308022.96	-35483	-35483
12/02/2013	as above	AllocSellExt	7725.96	-890	-890
12/02/2013	as above	AllocSellExt	42041.40	-4843	-4843
12/02/2013	as above	AllocSellExt	797927.29	-91918	-91918
12/02/2013	as above	AllocSellExt	135560.31	-15616	-15616
22/02/2013	as above	AllocSellExt	345.35	-39	-39
25/02/2013	as above	AllocSellExt	473799.42	-52527	-52527
25/02/2013	as above	AllocSellExt	90110.92	-9990	-9990
25/02/2013	as above	AllocSellExt	24706.09	-2739	-2739
25/02/2013	as above	AllocSellExt	19627.77	-2176	-2176
25/02/2013	as above	AllocSellExt	576267.89	-63887	-63887
25/02/2013	as above	AllocSellExt	4365.73	-484	-484
25/02/2013	as above	AllocSellExt	254340.10	-28197	-28197
25/02/2013	as above	AllocSellExt	77550.19	-8633	-8633
25/02/2013	as above	AllocSellExt	14750.07	-1642	-1642
25/02/2013	as above	AllocSellExt	4042.35	-450	-450
25/02/2013	as above	AllocSellExt	3206.93	-357	-357
25/02/2013	as above	AllocSellExt	94321.43	-10500	-10500
25/02/2013	as above	AllocSellExt	709.66	-79	-79
25/02/2013	as above	AllocSellExt	41627.20	-4634	-4634

-607,548