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 atwww.steadfast.com.au