Investor Presentaiton

St. Andrew's Australia overview About St. Andrew's Australia Background St. Andrew's Australia Pty Ltd ("SAA") began operations in Australia in 1998 Through six subsidiaries, SAA operates two major lines of business: Insurance and Wealth Management In 2007, SAA acquired Whittaker Macnaught, a leading financial planning business based in Queensland Operations Distributes bancassurance, wealth and insurance products through its branch network and 651 financial advisors, as well as through BankWest branches, direct mail, telemarketing and the internet Wealth Management boasts Funds under Management and Advice of over A$2.4bn Source: Company filings for the year ended 31 December 2007, company website, and HBOS Australia 31 December 2007 annual report. 1. As last reported. Source: InvestorDaily (11 December 2007). 23 St. Andrew's Australia Pty Ltd Subsidiaries 100% St. Andrew's Financial Services Pty Ltd 100% St. Andrew's Insurance (Australia) Pty Ltd 100% 100% 100% St. Andrew's Life Insurance Pty Ltd St. Andrew's Superannuation Services Pty Ltd St. Andrew's Wealth Management Ltd 100% Whittaker Macnaught Pty Ltd Determined to be different

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