NIB HOLDINGS LIMITED — Director's Dealing 2021

Sep 7, 2021

nib holdings limited t 13 14 63 Head Office f 02 4925 1999 22 Honeysuckle Drive Newcastle NSW 2300 e nib@nib.com.au abn 51 125 633 856 w nib.com.au

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8 September 2021

Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

Change of Director’s Interest Notice – Mr Mark Fitzgibbon

Attached is an Appendix 3Y - Change of Director’s Interest Notice for Mr Mark Fitzgibbon.

The Appendix 3Y details the allotment of ordinary shares to Mr Fitzgibbon on the vesting of FY18-FY21Long Term Incentive Plan (LTIP) Performance Rights granted to Mr Fitzgibbon under the nib LTIP and the allotment of ordinary shares to Mr Fitzgibbon under the nib Short Term Incentive Plan on 1 September 2021. In total:

• 142,870 ordinary shares were allotted to Mr Fitzgibbon on the vesting of FY18-FY21 LTIP Performance Rights granted under the nib LTIP, with these shares purchased on market, and the remaining 79,428 performance rights lapsed; and

• 82,477 ordinary shares were allotted to Mr Fitzgibbon under the nib Short Term Incentive Plan, with these shares purchased on market.

Yours sincerely,

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Roslyn Toms Company Secretary

For further information please contact:

Chris Kotsaris Head of Investor Relations M: +61 402 060 508 E: c.kotsaris@nib.com.au

This announcement has been authorised for release by Roslyn Toms, Company Secretary.

Appendix 3Y Change of Director’s Interest Notice

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 30/09/01 Amended 01/01/11

Name of entity – nib holdings limited

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	7 September 2021

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Shares held by Fitzy (NSW) Pty Ltd asTrustee for Fitz Family Fund in whichMark Fitzgibbon is the sole Director andbeneficiary of the Trust.
Date of change	1 September 2021

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	222,298 Performance Rights under theFY18- FY21 LTIP which may vest from 1September 2021 – if 100% vest, 222,298ordinary shares will be allocated.215,962 Performance Rights under theFY19- FY22 LTIP which may vest from 1September 2022 – if 100% vest, 215,962ordinary shares will be allocated.200,632 Performance Rights under theFY20- FY23 LTIP which may vest from 1September 2023 – if 100% vest, 200,632ordinary shares will be allocated.314,792 Performance Rights under theFY21- FY24 LTIP which may vest from 1September 2024 – if 100% vest, 314,792ordinary shares will be allocated.1,709,708– Direct (held by MarkFitzgibbon)824,621 – Indirect (held by Fitzy (NSW)Pty Ltd as Trustee for Fitz Family Fund)
Class	Ordinary
Number acquired	225,347 ordinary shares on 1 September2021, being:- 142,870 ordinary shares allotted on thevesting of FY18-FY21 LTIP PerformanceRights granted under the nib LTIP. 50%of the ordinary shares allotted have a twoyear escrow period.- 82,477 ordinary shares allotted underthe nib Short Term Incentive Planrepresenting 50% of Mr Fitzgibbon’sFY21 short-term incentive that has beengranted in the form of shares. Half of theshares have a 12 month escrow periodwith the second half having a two yearescrowperiod.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

215,962 Performance Rights held underthe FY19-FY22 LTIP which may vestfrom 1 September 2022 – if 100% vest,215,962 ordinary shares will beallocated.200,632 Performance Rights under theFY20- FY23 LTIP which may vest from 1September 2023 – if 100% vest, 200,632ordinary shares will be allocated.314,792 Performance Rights under theFY21- FY24 LTIP which may vest from 1September 2024 – if 100% vest, 314,792ordinary shares will be allocated.1,935,055 – Direct (held by MarkFitzgibbon)824,621 – Indirect (held by Fitzy (NSW)Pty Ltd as Trustee for Fitz Family Fund)

Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back

Following the testing of the PerformanceRights under the FY18- FY21 LTIP,142,870 shares vested on 1 September2021, while the remaining 79,428performance rights lapsed.142,870 ordinary shares purchased onmarket and allotted on vesting ofPerformance Rights issued under the nibLTIP.82,477 ordinary shares purchased onmarket and allotted pursuant to the nibShort Term Incentive Plan.

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.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

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----- Start of picture text ----- No. and class of securities to which N/Ainterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquired N/AInterest disposed N/AValue/Consideration N/ANote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change N/A----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the N/A trade to proceed during this period? If prior written clearance was provided, on what date was N/A this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

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