HUB24 LIMITED — M&A Activity 2015

Oct 7, 2015

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

ASX RELEASE : 8 October 2015

Receipt of Indicative, Non‐Binding and Conditional Proposal to acquire HUB24

HUB24 Limited ( HUB24 ) announces that it 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 ).

The Proposal is subject to a number of key conditions, including:

• satisfactory completion by the proposed offeror of due diligence;

• execution of satisfactory definitive transaction documentation;

• unanimous support of the members of the HUB24 board of directors; and

• final approval by the board of directors of the proposed offeror.

The directors of HUB24 are currently evaluating the Proposal, including the conditions, and intend to seek further information from the proposed offeror to assist in their evaluation.

There is no certainty that the Proposal will result in any definitive transaction for the acquisition of all the shares in HUB24. The Company will update the market on further developments as appropriate.

HUB24 shareholders do not need to take any action in relation to the Proposal at this time.

The board of directors would like to advise shareholders and the market that we are very pleased with the ongoing growth and success of HUB24 and confirm that management will continue to have as their primary focus the day to day business operations and the long term growth of HUB24.

The business has continued to have strong growth in Q1FY16 and also has a significant pipeline of new business opportunities.

These factors contribute to the attractiveness of HUB24 in providing superior outcomes for financial advisers their clients and shareholders.

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)