Proposed Secondary Listing on the Australian Securities Exchange

08 April 2011

The Board of Directors of AusGroup Limited (“Company”) wishes to inform shareholders that the Company will be commencing the process of exploring and evaluating a secondary listing on the Australian Securities Exchange (“ASX”).

In the event a secondary listing is deemed to be in the interests of the shareholders and the Company’s strategic plan, then the Company will seek a secondary listing on the ASX subject to receipt of appropriate regulatory approvals, including from Singapore and Australian regulators and approval on the secondary listing from the ASX and the Singapore Exchange Securities Trading Limited, as required. As part of the secondary listing on the ASX, the Company is likely to apply to list the shares held by investors domiciled in Australia and any other shareholders who wish to trade on the ASX.

In order to facilitate the secondary listing on the ASX, an “ASX Listing Committee” will be established by the Company by 30 June 2011.

BY ORDER OF THE BOARD
John Sheridan
CEO and Managing Director
8 April 2011