• AUB received unsolicited approach from CVC to partner with EQT on $45 per share acquisition
• AUB Board agreed to extend exclusivity period by 2 weeks to allow due diligence and transaction negotiations
• No guarantee a binding agreement will be reached, shareholders need not take any action

AUB Group Limited (AUB) has provided an update on discussions with EQT AB (EQT) regarding EQT's confidential and non-binding indicative proposal to acquire 100% of AUB by way of scheme of arrangement for cash consideration of $45.00 per AUB share. On 9 November 2025, EQT advised AUB that it had received an unsolicited approach from CVC Asia Pacific Limited (CVC) to partner and jointly pursue the acquisition of AUB (the Consortium Proposal). Under the Consortium Proposal, CVC funds and EQT funds would jointly own AUB (along with any co-investors). EQT has confirmed that the Consortium Proposal would remain at a price of A$45.00 per share. EQT has also requested an additional two week extension to the exclusivity period to enable completion of due diligence and to allow the parties to negotiate and finalise definitive transaction documents in respect of the Consortium Proposal. The AUB Board has considered EQT's requests and has agreed to permit EQT to form a consortium with CVC to jointly pursue the Consortium Proposal, and extend the exclusivity period by a further two weeks through to 5.00pm (Sydney time) on Thursday, 4 December 2025. The AUB Board notes that there is no guarantee that a binding agreement will be reached with EQT and CVC and therefore no certainty that the Consortium Proposal will result in a transaction. AUB shareholders do not need to take any action in relation to the Consortium Proposal.