Scheme Meetings Results

• Resolutions to approve the Scheme were approved by requisite majorities
• Scheme remains subject to Federal Court approval and other conditions
• Trading in PSC Shares expected to be suspended from 2 October 2024

PSC Insurance Group Limited (ASX:PSI) announced the results of the General Scheme Meeting and Rollover Shareholders Scheme Meeting, held earlier today, in relation to the proposed acquisition of PSC by Rosedale Bidco Pty Ltd, a member of The Ardonagh Group, by way of scheme of arrangement. The resolutions to approve the Scheme were approved by the requisite majorities of PSC Shareholders at both Scheme Meetings. The Scheme remains subject to the approval of the Federal Court of Australia at a hearing scheduled for 2.15pm (AEST) on Tuesday, 1 October 2024, and certain other conditions precedent which are described in the Scheme Booklet. If the outstanding conditions precedent are satisfied or waived (if applicable) prior to the Second Court Hearing, and the Court approves the Scheme at the Second Court Hearing, PSC proposes to lodge the orders of the Court with ASIC (which is expected to occur on Wednesday, 2 October 2024), at which time the Scheme will become Effective. Once the Scheme becomes Effective, it is expected that trading in PSC Shares will be suspended from close of trading on Wednesday, 2 October 2024 and the Scheme will be implemented on Friday, 11 October 2024.