HUB24 LIMITED — M&A Activity 2015

Oct 12, 2015

==> picture [124 x 36] intentionally omitted <==

ASX RELEASE : 13 October 2015

Update on Indicative, Non‐Binding and Conditional Proposal

As previously announced, HUB24 Limited ( HUB24 ) has received an indicative, non‐binding and conditional proposal from an unrelated party to acquire 100% of HUB24's shares for cash consideration of A$2.75 per HUB24 share ( Proposal ).

ASX has requested in response to representations made in the media that HUB24 confirms the identity of the unrelated party who submitted the indicative, non‐binding and conditional proposal. The party is IOOF Holdings Limited.

HUB24 iterates that this is an indicative, non‐binding and conditional proposal.

The directors of HUB24 are currently evaluating the Proposal and intend to update the market in due course.

For further information please contact:

Andrew Alcock Managing Director HUB24 Limited Telephone: + 61 2 8274 6000

==> picture [76 x 62] intentionally omitted <==

About HUB24

HUB24 is a financial services company listed on the Australian Stock Exchange (ASX: HUB). The business is focused on the delivery of the HUB24 platform and can also provide a licensing solution to financial advisers through its wholly owned subsidiary, Paragem. The HUB24 platform supports the achievement of superior superannuation and investment outcomes for investors. It is a next‐generation service with state‐of‐the‐art portfolio management, transaction and reporting solutions for licensees, financial advisers, accountants, stockbrokers and institutions. HUB24 is not aligned to any major bank, manager or institution. HUB24 is an independent organisation with award winning technology and a growing number of respected and high profile financial services companies as its customers.

For further information, please visit: www.hub24.com.au

HUB24 Limited | ABN 87 124 891 685 | ACN 124 891 685

GPO Box 529, Sydney, NSW 2001 Level 8, Exchange Centre,20 Bridge St, Sydney, NSW 2000 Australia T + 61 2 8274 6000 F 1300 781 689 W hub24.com.au ME_125353618_1 (W2007)