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14 June 2019

IMB Ltd advises that the Deemed Market Value for the Off-Market Buyback of IMB Shares is $5.16. The final Buyback Price will be determined by applying the Buyback Discount of between 0% and 14% (at increments of 2%) to the Deemed Market Value. On this basis, the tender discounts are equivalent to the following tender prices (rounded to the nearest cent):

Tender Discount

Tender Price

14%

$4.44

12%

$4.54

10%

$4.64

8%

$4.75

6%

$4.85

4%

$4.95

2%

$5.06

0%

$5.16


The Deemed Market Value has been calculated as the volume weighted average price (“VWAP”) of IMB Shares traded on the IMB Market over the 10 days on which Shares traded prior to the announcement of the Buyback on 2 May 2019 adjusted for the movement in the S&P/ASX 200 index from the date of the announcement of the Buyback to the Closing Date, being today. The VWAP was $5.01 and the S&P/ASX 200 index has increased by 3.0% from 6,360.6 on 2 May 2019 to 6,554.0 on 14 June 2019.

The results of the Buyback, including the actual Buyback Price and any scale back are expected to be announced on Monday 24 June 2019.

Further Information

Further information about the Buyback can be found on IMB’s website at www.imb.com.au or in the Buyback Booklet which was mailed to shareholders. Shareholders may also call the IMB Buyback information line on 1300 585 271 from within Australia or 61 2 4298 0190 from outside Australia between 9:00am and 5:00pm Monday to Friday (Sydney time).

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Established in 1880, we have been helping people achieve their financial goals for 140 years and are rated by Forbes as one of the World’s Best Banks. We offer a full range of competitive banking, including home and personal lending, savings and transaction accounts, term deposits, business banking, and can arrange financial planning, insurance and travel products.

We provide simple and secure digital banking solutions online and on mobile, and members enjoy access to free automated phone and internet banking, and a team of professionals at our locally based contact centre. With a growing branch network throughout the Illawarra, Sydney, NSW South Coast, Newcastle/Hunter, the ACT and Melbourne, we have a lending specialist in every branch and a team of mobile lending specialists who will come to you.

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