• Insignia Financial has received a revised, non-binding and indicative proposal from CC Capital Partners to acquire the company
• The Board is considering the proposal and has offered limited due diligence access to CC Capital
• Insignia Financial will continue to keep the market informed as the process progresses

Insignia Financial Ltd (ASX: IFL) has announced that it has received a revised, non-binding and indicative proposal from CC Capital Partners, LLC to acquire all of the shares in Insignia Financial by way of a scheme of arrangement at a price of A$4.60 cash per share (as adjusted for any dividends paid or payable after the date of the proposal). The Board of Insignia Financial has carefully considered the CC Capital Revised Indicative Proposal and, in order to determine if CC Capital is able to formulate a further improved proposal, has offered to provide CC Capital with a limited period of access to certain non-public information on a non-exclusive basis. The provision of this information is subject to certain conditions, including the signing of an appropriate confidentiality and standstill agreement by CC Capital. The provision of limited due diligence does not guarantee that the CC Capital Revised Indicative Proposal will result in a binding offer or one that is capable of being recommended by the Board of Insignia Financial. Insignia Financial has engaged Citigroup and Gresham Advisory Partners as its financial advisers and King & Wood Mallesons as its legal adviser. Insignia Financial will continue to keep the market informed in accordance with its continuous disclosure obligations but it will not otherwise be commenting on the process that is now underway with CC Capital.