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Scheme implementation deed (SID) to acquire Calliden Group

Steadfast enters into a scheme implementation deed (SID) to acquire Calliden Group

Steadfast to acquire eight agencies expected to deliver cash EPS accretion of 10% in first full year

Immediate on-sale of the general insurance operations and part of the agency operations to Munich Holdings of Australasia (MHA), a subsidiary of Munich Re

Scheme values Calliden at $105.4 million based on cash consideration of 41.5 cents per share and an anticipated special dividend of 5.0 cents per share

Strengthens partnership with Munich Re and Great Lakes Australia

For more details, please refer to the ASX announcement attached. A copy of the SID can be found attached to the announcement in the Investor section of our website

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