AUB GROUP LIMITED — Major Shareholding Notification 2015

Jun 24, 2015

25 June 2015

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Company Announcements Platform Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

Notice of Ceasing to be a Substantial Holder

In accordance with section 671B of the Corporations Act 2001 (Cth), we attach a Ceasing to be a Substantial Holder (Form 605) in respect of Austbrokers Holdings Limited.

Following a partial sell-down by Westpac Banking Corporation ( Westpac ) of its shareholding in BT Investment Management Limited (BTIM) from 59.1% to approximately 40% on 23 June 2015, BTIM has ceased to be is an “associate” of Westpac for the purposes of Part 6C.1 of the Corporations Act 2001 (Cth) ( Act ).

As a result, BTIM no longer has a relevant interest in holdings in Austbrokers Holdings Limited held by Westpac or its associates. BTIM is therefore no longer required to aggregate its holdings with Westpac and its associates for the purpose of disclosure under Part 6.1 of the Act.

As Westpac’s shareholding in BTIM continues to exceed 20%, Westpac will retain a relevant interest in securities in which BTIM has a relevant interest (see section 608(3)(a) of the Act) and will therefore continue to disclose securities held by BTIM in Austbrokers Holdings Limited.

Yours faithfully,

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Chris Millard Company Secretary

{00008722.DOC}BT	GPO Box 7072	The Chifley Tower	www.btim.com.au
Investment Management Limited ABN 28 126 385 822	Sydney NSW 200 Australia	Level 15, 2 Chifley Squar Sydney NSW 2000 Australia Tel 612 8253 2999

BT[® ] is a registered trade mark of BT Financial Group Pty Ltd and is used under licence

Form 605

Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder

To Company Name/Scheme AUSTBROKERS HOLDINGS LIMITED (AUB)

ACN/ARSN ACN 000 000 715

1. Details of substantial holder(1)

Name BT INVESTMENT MANAGEMENT LIMITED (BTT)

ACN/ARSN (if applicable) ACN 126 365 822

The holder ceased to be a substantial holder on 23/06/2015 The previous notice was given to the company on 14/05/2015 The previous notice was dated 12/05/2015

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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:

company or scheme	are as follows:
Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person’s votes affected
23/06/2015	BTT & its Associates , BT Investment Management (Institutional) Limited, BT Investment Management (Fund Services)Limited	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'	See Annexure 'A'

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to the voting interests of the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
BT Funds Management Limited ACN 63 002 916 458	The entity is a wholly owned subsidiary of Westpac Banking Corporation (Westpac). The entity ceased to be an associate of BT Investment Management Limited, following a partial sell- down by Westpac of its shareholding in BT Investment Management Limited (BTIM) from 59.1% to approximately40.3% on 23 June 2015.
BT Funds Management No. 2 Limited ACN 000 727 659	The entity is a wholly owned subsidiary of Westpac Banking Corporation (Westpac). The entity ceased to be an associate of BT Investment Management Limited, following a partial sell- down byWestpac of its shareholdingin BT

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Investment Management Limited (BTIM) from 59.1% to approximately 40.3% on 23 June 2015. 4. Addresses The addresses of persons named in this form are as follows: Name Address BT Investment Management Limited (BTT) Level 14, Chifley Tower, 2 Chifley Sydney, Sydney NSW 2000 BT Investment Management (Institutional) Level 14, Chifley Tower, 2 Chifley Square Limited SYDNEY NSW 2000 BT Investment Management (Fund Services) Level 14, Chifley Tower, 2 Chifley Sydney, Limited Sydney NSW 2000 AUSTBROKERS HOLDINGS LIMITED (AUB) The Company Secretary, AUSTBROKERS HOLDINGS LIMITED (AUB) Level 21, 111 Pacific Highway NORTH SYDNEY NSW 2060 Tel: +61 2 9935 2222 Fax: +61 2 9954 1724 Signature Print name Chris Millard Capacity Company Secretary Sign here Date 25/06/2015

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• DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (e.g. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001. (3) See the definition of “associate” in section 9 of the Corporations Act 2001. (4) Include details of: (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

• See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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ANNEXURE A

This is annexure ‘A' referred to in Form 605, Notice of ceasing to be a substantial holder, lodged for BT Investment Management Limited ACN 126 365 822

Chris Millard – Company Secretary, BT Investment Management Limited 25/06/2015

PLEASE NOTE: There were no transactions from the date of the last notice to this current notice.

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