INSIGNIA FINANCIAL LTD — M&A Activity 2014

Jul 31, 2014

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

GPO Box 264 Melbourne VIC 3001

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1 August 2014

IOOF welcomes SFG Australia shareholder approval

IOOF Holdings Limited (IOOF) welcomes the outcome of today’s Scheme of Arrangement meeting whereby SFG Australia Limited (SFGA) shareholders considered and overwhelmingly approved IOOF’s proposal to acquire 100% of the ordinary shares in SFGA.

Commenting on this significant milestone, IOOF’s Managing Director Christopher Kelaher said “This highly complementary transaction will create the third largest advice business in Australia by Funds Under Advice[1] and one of the largest listed wealth management providers.

The second court hearing to approve the shareholder vote will take place on Wednesday 6 August 2014.

For further information please contact:

Melinda Hofman Corporate Affairs Manager (02) 90281054 0438 855 991

1 Source: Company filings (FY2013), Money Management top 100 dealer group survey 2013, company website

IOOF Holdings Limited ABN 49 100 103 722 www.ioof.com.au