SCHEME OF ARRANGEMENT – PSC INSURANCE GROUP TO ACQUIRE ENSURANCE LTD PSC Insurance Group Limited (ASX:

PSI) (PSC) is pleased to announce that it has entered into a binding scheme implementation deed (Implementation Deed) under which, subject to the satisfaction of various conditions, PSC will acquire all of the shares in the capital of Ensurance Ltd (ASX:ENA) (ENA) by way of a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (Corporations Act) (Scheme).