• AUB Group received a conditional, non-binding, indicative proposal from Arbutus Pte. Limited (EQT) to acquire 100% of the company for $45.00 cash per share
• The proposal follows a prior unsolicited, confidential, non-binding indicative proposal to acquire AUB for $43.00 cash per share
• Recent trading in AUB's securities may be explained by a media report on the proposal

AUB Group Limited (ASX:AUB) has received a conditional, non-binding, indicative proposal from Arbutus Pte. Limited (an entity affiliated with EQT AB) to acquire 100% of the shares in AUB by way of a scheme of arrangement for a price of $45.00 cash per AUB share. This proposal follows a prior unsolicited, confidential, non-binding indicative proposal on 13 September 2025 to acquire 100% of AUB for $43.00 cash per AUB share. Prior to becoming aware of a media report on the proposal, AUB was relying on Listing Rule 3.1A as the basis for not announcing the receipt of the proposal under Listing Rule 3.1, as the information relates to an incomplete proposal or negotiation which were confidential. However, upon becoming aware of the media report, AUB requested trading in its securities to be paused by ASX and subsequently released an announcement on the ASX Market Announcements Platform confirming receipt of the proposal.