INSIGNIA FINANCIAL LTD — Remuneration Information 2012

Aug 9, 2012

IOOF Holdings Ltd GPO Box 264 ABN 49 100 103 722 Melbourne VIC 3001 Level 6, 161 Collins Street Phone 13 13 69 Melbourne VIC 3000 www.ioof.com.au

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10 August 2012

MANAGING DIRECTOR’S REMUNERATION

In accordance with ASX Listing Rule 3.1 and the ASX Policy on disclosure of CEO Remuneration, below is a summary of Mr Kelaher’s reviewed remuneration arrangement as approved by the Board of Directors.

Total Fixed Remuneration (TFR): Mr Kelaher’s fixed remuneration (inclusive of superannuation) is $1,122,700 for the 2012/2013 financial year. This amount represents a 3% increase to his fixed remuneration. The change to Mr Kelaher’s TFR is to take effect from 1 July 2012.

Short Term Incentive (STI): Mr Kelaher has an STI opportunity up to $1,010,430 for the 2012/2013 financial year based on the assessment of pre determined Key Performance Indicators set by the Board. The STI represents 90% of Mr Kelaher’s TFR. Of the amount to be awarded to Mr Kelaher at the end of the performance period, two thirds will be paid in cash and one third will be in deferred shares that will have a “look back” arrangement in place. This “look back” will occur in July 2013.

In addition, the Board has resolved to increase Mr Kelaher’s STI opportunity for the 2013/14 financial year to 100% of his TFR. This will also be paid two thirds in cash and one third in deferred shares that will have a look back arrangement in place. The look back on this portion of Mr Kelaher’s remuneration will occur in July 2014.

Long Term Incentive (LTI): Mr Kelaher has been provided with 250,000 Performance Shares for the 2012/2013 financial year and will also receive the same amount in the 2012/2014 financial year. Both series are subject to shareholder approval, the achievement of performance hurdles that will be set out in the Notice of Meeting for the 2012 Annual General Meeting and are conditional upon Mr Kelaher’s continued employment.

All other terms and conditions of Mr Kelaher’s employment agreement remain unchanged.

Danielle Corcoran Company Secretary