RAC INSURANCE PTY LIMITED

Insurance Australia Group – RAC Insurance

Insurance Australia Group (IAG) proposes to acquire 100% of the issued share capital in RAC Insurance (RACI) from RACI Pty Ltd, a wholly owned subsidiary of the Royal Automobile Club of Western Australia Inc (RAC) (the Acquisition). The Acquisition does not include RAC's roadside assistance business which will continue to be operated independently by RAC. IAG is a general insurance company operating in Australia and New Zealand. IAG provides a range of personal and commercial insurance products under various brands, including NRMA Insurance, Swann Insurance, ROLLiN’, Cylo, Lumley Special Vehicles and RACQ. RAC is a Western Australia based member-owned organisation (and, effective from 26 June 2026, a company limited by guarantee) that provides roadside products, general insurance products, and other ancillary services to its members. RAC issues general insurance products to customers through its wholly owned subsidiary RACI under the RAC brand. IAG and RACI are both active in the manufacture and supply of personal lines general insurance, including home insurance and motor insurance products in Australia.