Investor Presentaiton

Growth of Branch Network 8 16 Profit (£m) 6 150 • + 3 2 100 90 90 IAG Insurance Australia 80 Group 80 40 40 50 50 70 70 60 60 Number of Branches 30 60 20 20 + 10 0 0 2000 2001 2002 2003 2004 2005 2006 EIB ODIS No of Branches Growth in 2003/2005 led by Bennetts and JMW acquisitions (20 and 8 branches respectively) • ODIS will significantly increase scale in 2007 • Low (and certain) acquisition cost Note: Profit is Earnings Before Interest and Tax

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