ALLOT: LOM: Issue of securities

3 May 2010 5:20 pm

LOM 03/05/2010 ALLOT

REL: 1720 HRS Lombard Group Limited

ALLOT: LOM: Issue of securities

3 May 2010

Market Announcement - Insured Group Limited (LOM)

Issue of securities

Insured Group Limited (Company) hereby advises that it has today issued 1,410,317,073 ordinary shares in the company in accordance with the takeover offer made for all the shares in Australian Consolidated Insurance Limited (ACIL).

The shares were issued to ACIL shareholders who accepted the takeover offer before the closing date. The remaining 69,929,583 ordinary shares for which approval for issue was obtained at the meeting of shareholders held on 10 March 2010 will be issued when Insured has completed the compulsory acquisition process under the Corporations Act 2001 (Cth.).

As a result of the allotment, the Company now holds 95.276% of ACIL's shares.

Pursuant to NZSX Listing Rule 7.12.1, INS provides the following additional information:

(a) Class of security and ISIN: Ordinary shares NZAHLE0001S7 (b) Number issued or acquired: 1,410,317,073 (c) Issue price: NZ$0.01196 per share (d) Payment in cash: No (e) Amount paid up: Paid up in full at NZ$0.01196 per share (f) Percentage of total class of securities issued: 98.367% (g) Reason for the issue: Pursuant to the takeover of ACIL approved at the meeting of shareholders held on 10 March 2010 (h) Specific authority for the issue: Shareholder resolution passed at the meeting of shareholders held on 10 March 2010 (i) Terms or details of the issue: Shares issued on the terms set out in the notice of meeting for the meeting of shareholders held on 10 March 2010 (j) Total number of securities of the class in existence after the issue: 1,433,723,508 (k) Date of issue: 3 May 2010

Trevor Jacobs Director and Company Secretary Insured Group Limited End CA:00194478 For:LOM Type:ALLOT Time:2010-05-03:17:20:10

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