Response to Media Speculation

• MA Financial in discussions to acquire real estate asset manager IPG
• IPG has ~$2 billion in Assets Under Management
• No binding agreement yet, no certainty a transaction will occur

MA Financial Group Limited (ASX:MAF) has responded to recent media speculation regarding a potential acquisition, confirming that it is engaged in discussions with IP Generation (IPG) about the potential acquisition of the company. IPG is a real estate Asset Manager with approximately $2 billion of Assets Under Management. MA Financial has a longstanding relationship with IPG, having provided property management services to a number of its assets since 2019. The company has stated that should an acquisition proceed, it would not involve an equity raising. However, no binding documentation has been entered into and there is no certainty that these discussions will result in a transaction. MA Financial has committed to keeping the market informed in accordance with its continuous disclosure obligations.