Inside Ownership                   Ordinary Shares    Net Value at $5.80

Frank O’Halloran Chair           1,096,521                    $6.359m

Robert Kelly                            3,012,572                    $17.44m

Vicki Allen                               55,837                         $323K

Joan Cleary                              42,996                         $249K

David Liddy                             105,837                       $613K

Gai McGrath                           67,979                         $394K

Greg Rynenberg                      1,030,775                    $5.978m

Total                                        5,412,517                    $31.39m

*Note Percentage of ownership for all directors was under one percent of all share issue so have no include in the table above.

Frank O'Halloran AM - Non-Executive Chairman (independent)

Frank had over 35 years’ experience at QBE where he was Group CEO from 1998 until 2012. He also worked with Coopers & Lybrand for 13 years where he started his career as a Chartered Accountant. Frank was President of the Insurance Council of Australia from 1999 to 2000 and was inducted into the International Insurance Hall of Fame in 2010. Frank received his AM for services to the insurance industry and philanthropy.

Robert B. Kelly AM - Founder, Managing Director and Chief Executive Officer

Robert co-founded Steadfast and has over 52 years’ experience in the insurance industry. He was voted the second most influential person in insurance by Insurance News, and was awarded the ACORD Rainmaker Award in 2014. Robert is a Qualified Practising Insurance Broker, a Fellow of NIBA, a Senior Associate of ANZIIF, a Certified Insurance Professional, a Fellow of the Australian Institute of Company Directors and is the Chair of the ACORD Board in New York. Robert is also a Director of ASX-listed Johns Lyng Group Limited and not-for-profit organisation KidsXpress.

Vicki Allen - Non-Executive Director (independent)

Vicki has over 30 years of business experience across the financial services and property sectors. She held senior executive roles at a number of organisations including Trust Company, MLC Limited and Lend Lease Corporation. Vicki is currently the Chair of the BT Funds board, and a Non-Executive Director of Bennelong Funds Management. She is a fellow of the Australian Institute of Company Directors.

Joan Cleary - Non-Executive Director (independent)

Joan has over 30 years' of finance and leadership experience in the general insurance and reinsurance industry. She held senior executive roles at a number of organisations in Australia and England including QBE Insurance Group Limited, and GE’s London Market reinsurance operations. Joan holds a Bachelor of Laws from the University of Exeter. She is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) and is a Graduate of the Australian Institute of Company Directors.

David Liddy AM -Deputy Chairman & Non-Executive Director (independent)

David has over 45 years’ experience in banking, including postings in London and Hong Kong. He was Managing Director of Bank of Queensland from 2001 to 2011. David is a Director of Emerchants Limited. He is a a Fellow of the Australian Institute of Company Directors. David received his AM for services to the banking and finance sectors and the community of Queensland.

Gai McGrath -Non-Executive Director (independent)

Gai has over 35 years’ experience in the financial services and legal industries, including 12 years with Westpac Group as General Manager of Westpac’s retail banking businesses in Australia and New Zealand. Gai is currently Chair of BT Super and Humanitix. She is a Director of Genworth Mortgage Insurance Australia, HBF Health Limited and Toyota Finance Australia. Gai is a Graduate of the Australian Institute of Company Directors.

Greg Rynenberg -Non-Executive Director (independent)

Greg has over 40 years’ of experience in the insurance broking industry, with 36 years spent running his own business, East West Group. East West Group is a Steadfast Network Broker not owned by Steadfast. Greg is a Qualified Practising Insurance Broker, a Fellow of NIBA and an Associate of ANZIIF. He holds an Advanced Diploma in Financial Services (General Insurance Broking) and was named NIBA Queensland Broker for 2014.

Andrew Bloore - Non-Executive Director (independent)

Andrew has over 35 years of experience in the Australian superannuation administration technology sector.He is highly experienced in the design and delivery of disruptive technologies and distribution models to improve efficiencies in superannuation administration. He has a strong strategy and profitability focus and involved in corporate transactions throughout his career.Andrew also sat on a wide range of Australian Tax Office and Treasury Committees. He is currently the Chair of Guild Group and its subsidiaries, including Chair of Guild Insurance and is a Director of Meridian Lawyers. Additionally, Andrew is a Director of Insignia Financial Ltd, Simonds Ltd and Simonds Family Office.

SDF Capital Raise History

·      November 2023 Raised $348m, $280m Institutional at $5.14 per share, Retail $68m

·      August 2022 Raised $233.4m , $225m Institutional at $5.14, $8.4m Retail at $4.76 per share

·      August 2021 Raised $253.1m, $200m Institutional at $4.51 per new share, $53.1m at $4.51 per share

·      August 2019 Raised $119m , $100m Institutional at $3.28 per share, Retail $17m at $3.38 per share.

·      December 2017 Raised $107.76m, $100m Institutional at $2.83 per share, $7.76m Retail at $2.75 per share

·      February 2015 Raised $300m, $186m Institutional, $114m Retail at $1.26 per new share.

·      October 2023 acquire 100% of ISU Group (ISU). ISU is one of the largest privately owned independent insurance agency networks in the United States of America. US$55m https://announcements.asx.com.au/asxpdf/20231006/pdf/05vrrqgrgz1r40.pdf

·      August 2022 acquire 100% of Insurance Brands Australia (IBA), and its subsidiary companies. IBA is one of Australia’s largest privately owned insurance distribution businesses established in 1983 and is predominantly focused on the SME sector. https://announcements.asx.com.au/asxpdf/20220817/pdf/45cxvvmdsf9476.pdf

·      August 2021 acquire 100% of Coverforce. $411.5m Coverforce is one of Australia’s largest privately owned insurance brokers which is predominantly focused on the SME sector. https://announcements.asx.com.au/asxpdf/20210816/pdf/44zbdvx767pv48.pdf

·      April 2021 increases its shareholding in unisonSteadfast to majority stake of 60%. https://announcements.asx.com.au/asxpdf/20210419/pdf/44vntmg6vg3qsp.pdf

·      July 2019 takeover bid for IBNA. IBNA is an unlisted public company and network of insurance brokerages, with approximately 80 IBNA broker members across Australia.  https://announcements.asx.com.au/asxpdf/20190729/pdf/446yd11w95x7m2.pdf

·      December 2017 acquire 100% of Whibread Insurance Group a leading general insurance broker and Axis Underwriting Services (“Axis”), an underwriting agency specialising in niche areas of property and liability. WIB, established in 1978, is focused on the small-to-medium enterprise general insurance market with offices in Melbourne, Sydney and Brisbane. Axis, established in 1999, is a specialist underwriting agency focusing on niche areas of property and liability. The broking operation will join Steadfast Group’s existing portfolio of equity-owned brokers while Axis will become the 25th member of the Steadfast Underwriting Agencies portfolio. https://announcements.asx.com.au/asxpdf/20171204/pdf/43pvlw7qqq9s4n.pdf

·      June 2017 acquires stake in unisonBrokers. Acquire a non-controlling stake in unisonBrokers (“unison”) to grow the global distribution platform for both networks. Unison, based in Hamburg, Germany and Chicago, USA, is among the largest networks of general insurance brokers worldwide1 with an international presence which includes 200 brokers across 130 countries and $US17 billion of gross written premium. unison brokers are able to offer multi- jurisdictional coverage to their clients by leveraging the network’s global footprint. unisonBrokers was founded in 2005 by Wolfgang Mercier who has operated as CEO since inception. It is among the largest networks of general insurance brokers worldwide with 200 brokers across 130 countries and $US17 billion of gross written premium. It facilitates multi-jurisdictional transactions for brokers who are part of the network. https://announcements.asx.com.au/asxpdf/20170608/pdf/43jty71pq71pt4.pdf

·      November 2016 Ruralco a subsidiary of Steadfast announce two acquisitions. Ruralco has entered into agreements to acquire a 50% joint venture interest in Ausure Consolidated Brokers Pty Ltd (ACB), currently a subsidiary of the Steadfast Group (ASX:SDF), including merging the assets of Ruralco Insurance Pty Ltd (Ruralco Insurance) into ACB. Ruralco’s wholly-owned subsidiary, Roberts Limited, has entered into an agreement to acquire the business of TP Jones Pty Ltd (TP Jones), a CRT member operating out of four retail locations in the North, North West and Midlands regions of Tasmania. https://announcements.asx.com.au/asxpdf/20161115/pdf/43cwypc6y0g8ct.pdf

·      February 2015 acquires the Australian and New Zealand business of IC Frith (excluding its warranty business and New Zealand based insurer), a founding member of the Steadfast Network. https://announcements.asx.com.au/asxpdf/20150216/pdf/42wmdnr1tvk4h1.pdf

·      February 2015 QBE today announces that it has entered into an agreement with Steadfast Group Limited (Steadfast) for the sale of 100% of QBE Australian & New Zealand Operations’ Australian agency businesses CHU Underwriting Agencies Pty Limited (CHU), Corporate Underwriting Agencies Pty Limited (CUA) (also known as Body Corporate Brokers or BCB) and Underwriting Agencies of Australia Pty Limited (UAA). A$348m. https://announcements.asx.com.au/asxpdf/20150216/pdf/42wmdjyfryy3dd.pdf

·      August 2014 acquire Calliden Group $55 million. Steadfast has today also entered into an on-sale agreement with MHA to acquire the general insurance operations, including the net tangible assets of Calliden Insurance Limited, and its Business Package and Commercial agency operations immediately following implementation of the Scheme (On-Sale Agreement) . Upon implementation of the Scheme Steadfast will own the remaining eight agency businesses being all of ARGIS Farmpack, Builders’ Warranty, Calliden Home, Dawesmotor, IUA business interruption, Mansions and Accident and Health and 50% of QUS strata. https://announcements.asx.com.au/asxpdf/20140827/pdf/42rs7qrhj5xdrd.pdf

·      August 2014 Steadfast partners with Steadfast Re. Steadfast Re, formerly Beach & Associates Sydney, was established in 2004 as a reinsurance broker. It has pioneered the brokering of casualty facultative and introduced insurance-linked securities (ILS) reinsurance to the Australian and New Zealand markets. Its analytical work and innovation plus its unique relationships with both rated paper and ILS reinsurers have enabled Steadfast Re to deliver creative solutions and value to its clients. https://announcements.asx.com.au/asxpdf/20140805/pdf/42r8zb2jfnrvws.pdf

·      August 2014 announced that it has agreed to acquire 72.3% of Ausure Group. an Authorised Representative (AR) network of insurance professionals in 150 locations across Australia. Ausure Group was founded in 1996 and became a Steadfast member in 2012, the same year it merged with AFM Insurance Brokers. Ausure has a total of 336 brokers in 150 branches across Australia. Each branch is independently owned and managed by an insurance broker who is a member of Ausure. With head offices in Newcastle and Brisbane, Ausure provides its brokers with network services including training, networking events, centralised back office services and IT systems.  https://announcements.asx.com.au/asxpdf/20140801/pdf/42r7yvcqmk13js.pdf

·      July 2014 acquires Allied Insurance Group. The second largest broker network in New Zealand. https://announcements.asx.com.au/asxpdf/20140704/pdf/42qmyfvsc5srtd.pdf

·      June 2014 acquires IMC thorugh its wholly owned subsidiary NCIB (National Credit Insurance (Brokers) Pty Ltd. IMC is a specialist boutique trade credit insurance brokerage that was established in 2008. IMC has been a member of the Steadfast Network since July 2013. NCIB, established in 1985, is a leading specialist trade credit insurance broker in Australia with offices in New Zealand and Singapore. NCIB joined the Network when it was acquired by Steadfast in August 2013. https://announcements.asx.com.au/asxpdf/20140618/pdf/42q8jf8x25lq02.pdf

·      May 2014 acquired an interest in the MECON Winsure Insurance Group, ultimately, 76% of the MECON business and 100% of the Winsure business. MECON Winsure is an underwriting agency that specialises in providing insurance to the building and construction industry across Australia. They offer tailored end to end insurance solutions exclusively through broking partners. Established in 2003, MECON Winsure now has offices in Sydney, Melbourne, Perth and Brisbane. https://announcements.asx.com.au/asxpdf/20140505/pdf/42pf70jd87v1pb.pdf

·      April 2014 70% of Nautilus Marine. Nautilus Marine established in 2005, is a leading underwriting agency operating across Australia and New Zealand that specialises in marine and motorcycle insurance. The remaining 30% equity will be owned by key management personnel at NM insurance. https://announcements.asx.com.au/asxpdf/20140402/pdf/42ns8rpnjrnjlk.pdf

·      Dec 2013 60% of Protecsure a non-aligned underwriting agency. Protecsure’s specialised products, which are distributed through insurance brokers and financiers, include a specialist general property cover on equipment, a public and products liability offering, and a recently introduced suite of marine transit products. The products suit a range of clients from tradesmen to clients with specialised equipment or school students with laptops. The Sydney-based underwriting agency provides an end to end solution, including claims, for both clients and insurers. https://announcements.asx.com.au/asxpdf/20131213/pdf/42llw1bq6w8fn8.pdf