Insurance Australia : IAG launches small shareholding sale facility

A small parcel of Shares is 84 Shares (being a parcel valued at less than $500 based on the Record Date closing Share price). As at 17 February 2017 there were 10,524 shareholders with a small parcel of Shares, totalling 333,280 Shares (based on a Share price of $5.93). The average size holding of these small parcels is 32 Shares.

IAG is conducting the Sale Facility in accordance with article 24 of the IAG Constitution, ASX Listing Rule 15.13 and ASIC Class Order 08/10.

Terms of the Sale Facility are available online from today at www.iag.com.au. Eligible shareholders will be sent further information on the Sale Facility on 23 February 2017 and will have their Shares sold if they do not return the Share Retention Form included with the mailing or take certain other steps outlined in the Terms.

Shareholders who are concerned that IAG may not have their current contact details or payment instructions should call the IAG Shareholder Information Line on 1300 647 382 (within Australia) or +61 3 9415 4123 (Monday to Friday, 9.00am to 5.00pm Sydney time) to confirm their details are correct.

Further information about the Sale Facility is available at www.iag.com.au or from the IAG Shareholder Information Line.

Minimum DRP participation level

IAG has also set a minimum participation level for the Dividend Reinvestment Plan (DRP) for the 2017 interim dividend, meaning only shareholders with at least 85 Shares can participate in the DRP on this occasion. This means that some shareholders who might ordinarily participate in the DRP will receive a cash dividend for the 2017 interim dividend instead of being allocated additional shares under the DRP.