NIB HOLDINGS LIMITED — Director's Dealing 2011

Feb 28, 2011

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity nib holdings ltd ABN 51 125 633 856

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mark Fitzgibbon
Date of last notice	14 December 2010

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares held by Fitzy (NSW) Pty Ltd as Trustee for Fitz Family Fund in which Mark Fitzgibbon is the only beneficiary.
Date of change	23 February 2011
No. of securities held prior to change	457,530 – Direct (held by Mark Fitzgibbon) 385,600 – Indirect (held by Fitzy (NSW) Pty Ltd as Trustee for Fitz Family Fund)
Class	Ordinary shares
Number acquired	28,000 acquired by Fitzy (NSW) Pty Ltd as Trustee for Fitz Family Fund, being a transfer from Mark Fitzgibbon.
Number disposed	28,000 disposed of by Mark Fitzgibbon, being a transfer to Fitzy (NSW) Pty Ltd as Trustee for Fitz Family Fund.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$38,920.00
No. of securities held after change	429,530 – Direct (held by Mark Fitzgibbon) 413,600 – Indirect (held by Fitzy (NSW) Pty Ltd as Trustee for Fitz Family Fund).

• See chapter 19 for defined terms.

Appendix 3Y Page 1 Date of Change : 23 February 2011 Date of Notice: 1 March 2011

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change Transfer of 28,000 ordinary shares offExample: on-market trade, off-market trade, exercise of options, issue of market by Mark Fitzgibbon to Fitzy (NSW) securities under dividend reinvestment plan, participation in buy-back Pty Ltd as Trustee for Fitz Family Fund. Mark Fitzgibbon is the only beneficiary of the Fitz Family Fund.

Nature of change

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Note: In the case of a company, interests which come within disclosed in thispart.	paragraph (ii) of the definition of “notifiable interest of a director” should be
Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A
Part 3– +Closed period
Were the interests in the securities or contracts detailed above trading during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002 Date of Change: 23 February 2011 Date of Notice: 1 March 2011