HUB24 LIMITED — M&A Activity 2015

Oct 12, 2015

Level 6, 161 Collins Street Melbourne VIC 3000 Phone 13 13 69

GPO Box 264 Melbourne VIC 3001

==> picture [95 x 76] intentionally omitted <==

13 October 2015

Response to HUB24 Limited statement

IOOF Holdings Limited (IOOF) notes the recent statement by HUB24 Limited (HUB24) and can confirm that it has approached HUB24 with an indicative, non-binding and conditional proposal to acquire 100% of the shares of HUB24.

IOOF has an extensive acquisition history and is known for taking a disciplined approach to transactions. As IOOF has regularly advised the market, it is prepared to pursue acquisitions if they are a strategic fit and priced reasonably.

Discussions with HUB24 are at an early stage and there is no certainty that the approach will lead to a transaction.

IOOF will make a further announcement to the market if appropriate .

Enquiries:

Nerida Mossop Head of Investor Relations IOOF Holdings Limited

P: (03) 8614 4530 M: 0437 361 433 E: nerida.mossop@ioof.com.au

Jeremy Kirk Media Relations BlueChip Communication

P: (02) 2 9018 8608 M: 0451 001 890 E: jeremy@bluechipcommunication.com.au

About IOOF Holdings Limited

IOOF has been helping Australians secure their financial future since 1846. During that time, we have grown substantially to become one of the largest independent groups in the financial services industry.

IOOF provides advisers and their clients with the following:

• Financial Advice and Distribution services via our extensive network of financial advisers and stockbrokers;

• Platform Management and Administration for advisers, their clients and hundreds of employers in Australia;

• Investment Management products that are designed to suit any investor’s needs; and

• Trustee services including Estate Planning and Corporate Trust services.

Further information about IOOF can be found at www.ioof.com.au