AUB Group successfully completes AUD 400mn placement

• Successful completion of AUD 400mn institutional placement
• Placement attracted strong demand from existing and new shareholders
• Funds to be used for Prestige acquisition and other accretive opportunities

AUB Group Limited (AUB) has announced the successful completion of its AUD 400mn institutional placement of approximately 13.6 million new fully paid ordinary shares. The placement was priced at AUD 29.40 per share, representing a 7.9% discount to the last traded price. The placement was well received, attracting strong demand from both existing shareholders and new investors. In conjunction with new debt facilities, the equity raising will be used to fund the acquisition of Prestige and associated costs, as well as pursue other accretive opportunities over time. AUB will also offer eligible Australian and New Zealand shareholders the opportunity to participate in a non-underwritten Share Purchase Plan targeting up to AUD 40mn. The placement and SPP are part of AUB's strategy to accelerate its UK Retail business and deliver value for shareholders.