CHALLENGER LIMITED — Board/Management Information 2004

Challenger Financial Services Group Limited ABN 85 106 842 371

Sydney

Level 41, Aurora Place 88 Phillip Street Sydney NSW 2000 Australia www.challenger.com.au

telephone: 02 9994 7000 facsimile: 02 9994 7777

28 April 2004

The Manager Company Announcement Platform Australian Stock Exchange Limited 20 Bridge St SYDNEY NSW 2000

Dear Sir/Madam

Re: Official appointment of Anne Gardiner as company secretary

The Board of Challenger Financial Services Group Limited (CGF) wishes to advise Ms Anne Gardiner was officially appointed to the role of Company Secretary effective yesterday.

As previously announced on 11 March 2004. Ms Gardiner will be responsible for overseeing the effective administration of all Challenger group entities.

Yours faithfully,

$T_{H}$ for $\leq$

Tim Foster Chief Financial Officer

Melbourne

Brishane

Level 41, 101 Collins Street Melbourne VIC 3000 lelephone 03 8616 1000 facsimile 03 8616 1111

Level 9, 175 Eagle Street Brisbane QLD 4000 felephone 07 3218 8000
facsimile 07 3220 3132

Perth

Level 3, 55 St Georges Terrace Perth WA 6000 telephone 08 9223 7800 facsimile 08 9221 2499

Adelaide

Level 9, T & G Building 82 King Street Adelaide SA 5000 telephone 08 8211 7777 facsimile 08 8212 1661