The CC Capital Revised Indicative Proposal represents:

• a 7% premium to CC Capital’s original non-binding indicative proposal of $4.30 cash per share dated 3 January 2025 (Initial CC Capital Proposal) and Bain Capital’s revised nonbinding indicative proposal of $4.30 cash per share dated 11 January 2025 (Revised Bain Proposal); plus
• a cash price that is $0.30 per share higher than that proposed by CC Capital in the Initial CC Capital Proposal and Bain Capital in the Revised Bain Proposal respectively. The CC Capital Revised Indicative Proposal is otherwise subject to the same terms and the same conditions as the Initial CC Capital Proposal (as summarised in Insignia Financial’s announcement of 6 January 2025).

The Board of Insignia Financial, together with its financial and legal advisers, is considering the CC Capital Revised Indicative Proposal. There is no certainty that the CC Capital Revised Indicative Proposal will result in a binding offer or that any transaction will eventuate.

IFL shareholders do not need to take any action at this time. Insignia Financial will continue to keep the market informed in accordance with its continuous disclosure obligations. Insignia Financial has engaged Citigroup and Gresham Advisory Partners as its financial advisers and King & Wood Mallesons as its legal adviser. This announcement was approved for release by the Board of Insignia Financial Ltd.

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