Market Announcements

IMB Members are advised that the 2012 Annual General Meeting is to be held on Tuesday, 30 October 2012 at 10.00am (Sydney time), at the Hoskins Room, Novotel Northbeach Hotel, 2-14 Cliff Road, North Wollongong.

IMB Ltd (“IMB”) today announces the successful completion of its off-market share buyback (“Buyback”). The Buyback was the first in a series of buybacks that IMB expects to undertake over the medium term.

IMB Ltd advises that the Deemed Market Value for the Off-Market Buyback of IMB Shares is $3.45. The final Buyback Price will be determined by applying the Buyback Discount of between 5% to 10% to the Deemed Market Value.

IMB announces that the Buyback Date for the Off-Market Share Buyback will be Thursday 27 September 2012.

IMB Building Society has today announced a solid result for the year ending 30 June 2012, with operating profit after tax of $30.1 million, slightly down on the last year’s result of $31.0 million.

On 30 May 2012, and following an external review, IMB announced its intention, subject to meeting certain conditions, to undertake a series of annual share buybacks over the medium to long term.

IMB is pleased to announce the appointment of Mr James Coleman as a non-executive director to the Board of IMB and its subsidiaries. Mr Coleman joins the Board to fill the casual vacancy arising following the retirement of Ms Lynette Gearing who leaves the Board after 10 years of outstanding service.

IMB announces that it has completed the issue of A$30,000,000 of 10 Non-Call 5, Tier 2 Subordinated Floating Rate Notes at BBSW+425bps under its existing AUD $2,000,000,000 Debt Issuance Program.

IMB Ltd and ipac Securities Limited have altered the nature of the commercial arrangements for their current financial planning joint ventures, effective from 29 June 2012.