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CHALLENGER LIMITED Transaction in Own Shares 2008

Oct 9, 2008

64641_rns_2008-10-09_481a359c-7cef-4996-a637-72385409884f.pdf

Transaction in Own Shares

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Rule 3.8A

Appendix 3E

Daily share buy-back notice (except minimum holding buy-back and selective buy-back)

Information and documents given to ASX become ASX's property and may be made public. Introduced 1/9/99. Origin: rule 3.6, Appendix 7C. Amended 30/9/2001.

Name of entity ABN
Challenger Financial Services Group Limited 85 106 842 371

We (the entity) give ASX the following information.

Information about buy-back

ASX

$\mathbf{1}$ Type of buy-back On-market $\overline{2}$ Date Appendix 3C was given to

Total of all shares bought back, or in relation to which acceptances have been received, before, and on, previous day

7 July 2008

Before previous day Previous day
3 Number of shares bought back or
if buy-back is an equal access
scheme, in relation to which
acceptances have been received
1,232,522 100,000
4 Total
consideration
paid
$\alpha$
payable for the shares
\$2,599,876.74 \$224,160.00

Appendix 3E Page 1

+ See chapter 19 for defined terms.

If buy-back is an on-market buy- Before previous day Previous day
5 highest price paid: \$2.250 highest price paid:
back lowest price paid: \$2.020 \$2.250
lowest
price paid:
\$2.210
highest
allowed
price
under rule 7.33: \$2.4654
highest
under
price
rule
allowed
7.33:
\$2.4129

Participation by directors

$\overline{6}$ Deleted 30/9/2001.

How many shares may still be bought back?

$\overline{7}$ If the company has disclosed an intention to buy back a maximum number of shares - the remaining number of shares to be bought back

50,904,832

Compliance statement

  • $\mathbf{1}$ . The company is in compliance with all Corporations Act requirements relevant to this buy-back.
    1. There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.

$\mathbb{Z}$

Sign here:

. . . . . . . . . . . . . . . . . . . . Company Secretary

Date: 10 October 2008

Print name:

Christopher Robson == == == == ==

+ See chapter 19 for defined terms.