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CHALLENGER LIMITED M&A Activity 2005

Mar 14, 2005

64641_rns_2005-03-14_3021aa8b-9c86-4768-8fa8-4bef3ae165c2.pdf

M&A Activity

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CHALLENGER IN TALKS WITH HSBC

15 March 2005, Sydney - In accordance with Listing Rule 3.1, we advise that Challenger Financial Services Group Limited (CGF) is in discussions with HSBC to acquire HSBC Asset Management (Australia) Limited. Challenger will advise the market further when details are available.

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CHALLENGER LIMITED — M&A Activity 2005

64641_rns_2005-03-14_3021aa8b-9c86-4768-8fa8-4bef3ae165c2.pdf

CHALLENGER IN TALKS WITH HSBC

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CHALLENGER LIMITED M&A Activity 2005