WARNING TO SHAREHOLDERS—UNSOLICITED OFFERS FOR SHARES

From time to time, Insurance Australia Group Limited shareholders are contacted by companies offering to buy their IAG shares.

IAG does not endorse any unsolicited offers for IAG shares and IAG has no connection with companies making such unsolicited offers.

While the form of these offers differs, most substantially undervalue IAG shares when compared to the prevailing market price, and in the past shareholders who have taken up these offers have done so at a significant disadvantage relative to what they could obtain on the open market.

Companies which have made such offers in the past include National Exchange Direct Share Purchasing Corporation Pty Ltd, and Hassle Free Share Sales.

Before accepting any offer, shareholders are encouraged to check IAG’s share price on the home page of this site or at the Australian Stock Exchange (ASX) and seek independent advice.

The Australian Securities and Investments Commission (ASIC) has published a list of six points for shareholders to be aware of when assessing unsolicited offers.

Under current law, IAG is obliged to provide its share register on request. IAG continues to work with the Federal Government to ensure protection for shareholders against off-market offers are increased.

Trading shares

Rather than accepting an unsolicited offer, shareholders who want to dispose of their holding may wish to consider selling their shares on the open market.

Trading shares via a stock broker

IAG shares may be sold on the ASX through any stock broker licensed by the ASX. The ASX provides contact details of brokers who can arrange to sell your shares for the price they are trading at on the securities exchange. You can contact the ASX on 1300 300 279 or at www.asx.com.au/investor/first_time.

Trading shares online

You may also sell your shares online via the stock exchange by accessing the Trading Securities link on our website. This service is operated by E*Trade Australia Securities Limited.

If you need more information, please contact the IAG Shareholder Information Line on 1300 360 688.

Recent offers:

Hassle Free Share Sales Pty Ltd—December 2008

Insurance Australia Group Limited (IAG) has warned its shareholders a company trading as Hassle Free Share Sales Pty Ltd has launched another offer for IAG ordinary shares, which significantly undervalues the shares. Read more . . .

Hassle Free Share Sales Pty Ltd—September 2008

Insurance Australia Group Limited (IAG) warns shareholders that a company, trading as Hassle Free Share Sales Pty Limited, has recently purchased a copy of the share register and may be contacting shareholders with an offer to purchase their shares at a price well below the current market value quoted on the Australian Securities Exchange Limited (ASX).

Shareholders Sales Pty Ltd—December 2007

Insurance Australia Group Limited (IAG) has issued a further warning to its shareholders concerning an undervalued offer for IAG shares. A company trading as Shareholder Sales Group Pty Ltd of Elsternwick, Victoria, has approached IAG shareholders with an offer to buy their shares at $2.01, a price significantly below current trading levels. As at close of business yesterday, IAG shares traded at $4.39. Read more . . .

Share Buyback Pty Ltd—July 2007

Insurance Australia Group Limited (IAG) is today warning its shareholders that a new company may be preparing to launch another unsolicited offer for IAG ordinary shares, and such an offer may value the shares below their prevailing market value. IAG does not endorse any unsolicited offer to buy IAG shares. Read more . . .

Direct Share Purchasing Corp—September 2006

Insurance Australia Group Limited (IAG) is today warning its shareholders that Mr David Tweed, through his company Direct Share Purchasing Corporation Pty Limited (DSPC), may be preparing to launch another unsolicited offer for IAG ordinary shares. Read more . . .

Direct Share Purchasing Corp—March 2006

Insurance Australia Group Limited (IAG) has today warned holders of IAG’s reset preference shares (ASX:IAGPA) that Mr David Tweed may be preparing to launch an unsolicited offer for those securities. Read more . . .

National Share Purchasing Corp Pty Ltd and Direct Share Purchasing Corp – September 2005

Insurance Australia Group Limited (IAG) is aware that Mr David Tweed, through his company National Share Purchasing Corporation Pty Ltd (NSPC), has launched another unsolicited offer for IAG shares. Read more . . .

Shareholder centre