AUSTRALIAN UNITY LIMITED — Capital/Financing Update 2016

May 26, 2016

27 May 2016

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Release of security interest

In announcements on 9 November 2015 and 15 December 2015, Australian Unity Limited ( Australian Unity ) referred to the amendment of the terms of the Australian Unity Notes (ASX: AYUHA). As a result of the amendments, a security interest in favour of the Trust Company (Australia) Limited (the Trustee ) on behalf of the holders of the Australian Unity Notes became effective in relation to a deposit account in which funds were deposited for the purposes of repayment of the Australian Unity Notes.

On 14 April 2016, the Australian Unity Notes matured and the final interest payment and outstanding principal amount was repaid to holders by Australian Unity. In addition, the Trustee has acknowledged that Australian Unity has satisfied its release obligations under clause 21.1(a) of the Trust Deed relating to the Australian Unity Notes Trust (2011) between the Trustee and Australian Unity dated 28 February 2011 (the Trust Deed ). To this end, Australian Unity has been discharged and released from its:

• obligations in relation to the security interest in favour of the Trustee; and

• liabilities, obligations and covenants under the Trust Deed.

ASX code: AYU

Securities on Issue: AYUHB – 2,500,000

Issuer: Australian Unity Limited ACN 087 648 888

Mel Honig Company Secretary

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Enquiries: Australian Unity Registry 1300 554 474

Contact details: Australian Unity Limited 114 Albert Road South Melbourne VIC 3205 Tel: 13 29 39

For additional information, please contact:

Mel Honig

General Counsel, Company Secretary and Chief Risk Officer

The listing of Australian Unity Securities on the ASX does not affect Australian Unity Limited’s status as a mutual organisation

(03) 8682 6802