• APRA has approved Daintree Bidco to hold a controlling stake in Insignia Trustees
• Scheme of Arrangement remains subject to other conditions, including shareholder and court approval
• Insignia Financial Board unanimously recommends shareholders vote in favor of the Scheme

Insignia Financial Ltd (ASX: IFL) has announced that it has been advised by Daintree Bidco Pty Ltd (ACN 686 668 619), an entity established by CC Capital Partners LLC and its affiliates, that the Australian Prudential Regulation Authority (APRA) has given it approval to hold a controlling stake in the Insignia Trustees. This APRA approval was a required regulatory approval for the proposed acquisition of Insignia Financial by Daintree Bidco through a Scheme of Arrangement, as announced on 22 July 2025. The obtaining of APRA approval means that the condition precedent in clause 3.1(d) of the Scheme Implementation Deed is now satisfied. The Scheme remains subject to a number of other conditions, including the approval of the Foreign Investment Review Board, approval of Insignia Financial shareholders at the Scheme Meeting, and Court approval at the Second Court Hearing. The Insignia Financial Board continues to unanimously recommend that its shareholders vote in favor of the Scheme in the absence of a superior proposal and subject to the independent expert continuing to conclude that the Scheme is fair and reasonable and in the best interests of Insignia Financial shareholders. The Independent Expert's Report concludes that the Scheme is fair and reasonable and in the best interests of Insignia Financial shareholders, in the absence of a superior proposal.