Shareholders were invited to tender some or all of their shares at discounts of between 4% and 14% inclusive (at 1% intervals) to the VWAP Market Price, or as a Final Price Tender, by 7.00pm today (Sydney time).

The VWAP Market Price for the Buy-Back tender has been determined to be $5.5127.

On this basis, for the range of Tender Discounts set out in the Buy-Back booklet, the equivalent Buy-Back Prices (rounded to the nearest cent) are as follows:

The results of the Buy-Back, including the actual Buy-Back Discount, Buy-Back Price and any scale back, are expected to be announced on Monday, 10 October 2016.

For enquiries, please refer to IAG's website at www.iag.com.au/shareholder-centre/public-offers-and-proposals or contact the IAG Buy-Back Information Line on 1300 640 412 from within Australia or on +61 3 9415 4067 from outside Australia.

VWAP Market Price means the VWAP (as defined in the Buy-Back booklet) of IAG ordinary shares on ASX over the five trading days up to and including the Closing Date, calculated to four decimal places, as determined by IAG after 4.30pm (Sydney time) on
7 October 2016.

IAG - Insurance Australia Group Limited published this content on 07 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 October 2016 06:37:04 UTC.

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