ZURICH INVESTMENT MANAGEMENT LIMITED

Russell Investment Group – Zurich Investment Management

Russell Investment Group Pty Ltd (Russell) proposes to acquire 100 per cent of the issued and outstanding shares of Zurich Investment Management Limited (Zurich) through a share sale agreement (the Acquisition). Russell provides investment and asset management services in Australia. Zurich is an Australian incorporated member of the global Zurich Insurance Group. The ultimate holding company is Zurich Insurance Group Ltd (incorporated in Switzerland). Zurich provides managed fund solutions to Australian investors. The Acquisition only relates to Zurich, rather than the broader Zurich Insurance Group. Both Russell and Zurich supply investment and asset management services in Australia, including issuing interests in Australian and global equities funds, property securities funds, fixed interest funds, diversified or multi-asset funds and cash funds to Australian investors.