Market Announcements

IMB Members are advised that the 2011 Annual General Meeting is to be held on Tuesday, 25 October 2011 at 10.00am, at the Crown Pacific Room, Rydges Hotel Wollongong, 112 Burelli Street, Wollongong, NSW.

Despite challenging trading conditions, IMB delivered solid results for the year ending June 2011, with operating profit after tax of $31.0 million. This is an increase of $1.9 million or 6.7% over the previous year. Core profit increased by $2.4 million or 7.8%.

IMB advises that Ms Lauren Wise, has commenced parental leave. The Board has appointed Ms Kelli Halling as Company Secretary of IMB Ltd and all subsidiary companies.

As members may be aware, IMB’s share price has moved from a closing price last Friday, 3 June 2011, of $3.95 per share to a closing price of $3.50 on Tuesday, 7 June 2011.

IMB is pleased to announce the appointment of Ms Margaret Towers as a non-executive director to the Board of IMB and its subsidiaries, to fill a casual vacancy.

IMB advises that IMB Director Steve McKerihan has resigned from his position as a Director of IMB due to ill health.

Increased lending and strong deposit growth have assisted one of Australia’s largest building societies, IMB, to deliver a net profit after tax of $15.1m for the half year ended 31 December 2010.

Annual General Meeting of IMB Ltd Conducted 26 October 2010

IMB wishes to correct a typographical error contained within the explanatory Notes to the Notice of Annual General Meeting for 2010.