• AUB Group receives non-binding indicative proposal from Arbutus Pte. Limited (EQT) to acquire 100% of the company
• Proposed offer price of $45.00 cash per AUB share
• AUB Board enters into confidentiality and exclusivity agreement with EQT to progress the proposal

AUB Group Limited (AUB) has received an unsolicited, confidential and non-binding indicative proposal from Arbutus Pte. Limited (an entity affiliated with EQT AB) (EQT) to acquire 100% of AUB via a scheme of arrangement. Under the terms of the proposal, AUB shareholders would receive $45.00 cash for each AUB share. This proposal follows a prior unsolicited, confidential, non-binding indicative proposal to acquire 100% of AUB for $43.00 cash per share on 13 September 2025. The offer price under the current proposal would be reduced by any dividends or other distributions declared or paid by AUB, other than the $0.66 per share dividend announced as part of AUB's FY25 results. The proposal is subject to a number of conditions, including exclusivity, completion of due diligence, a unanimous Board recommendation, final internal approvals, and execution of a scheme implementation deed. After careful consideration, the AUB Board determined that it would be in the best interests of AUB shareholders to enter into a confidentiality and exclusivity agreement with EQT to further progress the proposal, as exclusivity was a key condition. AUB has provided EQT with access to confirmatory due diligence for a six-week period commencing on 8 October 2025. The Board notes that there is no guarantee that the proposal will result in a transaction, and AUB shareholders do not need to take any action at this stage. AUB will provide further updates to the market as appropriate.