Market Announcements

IMB’s Board is pleased to announce details of an Off-Market Share Buyback under which it intends to buy back up to $13 million worth of its ordinary shares on issue through an off-market tender (“Buyback”).

Members are advised that the 2017 Annual General Meeting is to be held on Tuesday, 31 October 2017 at 10.00am (Sydney time), at the Hoskins Room, Novotel Northbeach Hotel, 2-14 Cliff Road, North Wollongong.

IMB is pleased to announce that Mr Peter Fitzgerald has joined the Board of IMB and its subsidiaries as a non-executive director, following a casual appointment made by Directors.

Over the 2016-2017 period, IMB Bank has grown and remains financially strong, relevant and well positioned for the future despite a challenging operating environment.

IMB announces that it has completed the issue of A$40,000,000 of 10 Non-Call 5, Tier 2 Subordinated Floating Rate Notes at the 3 month BBSW+300bps under its existing AUD $2,000,000,000 Debt Issuance Program.

As part of a downgrade of 23 Australian financial institutions, IMB Ltd acknowledges Standard & Poor’s (S&P) decision to lower its long term credit rating from ‘BBB+’ to ‘BBB’. The outlook applied by S&P to this rating is ‘Stable’.

IMB Bank has made good progress on its key strategic goals, and has continued to deliver solid results in what has been a challenging period for financial institutions.

IMB Ltd (“IMB”) today announces the completion of its off-market share buyback (“Buyback”). The Buyback was the fourth 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 $5.50.