27 September 2016

Cover-more Group Ltd has announced today it has entered a binding agreement to acquire 100% of Travelex Insurance Services Inc for a cash consideration of $105m USD. Travelex is the third largest retail travel insurance specialist in the USA. The Acquisition will be raised through a fully underwritten, pro-rata, accelerated non-renounceable entitlement offer to raise approximately $73.3m AUD, with the balance through the drawdown of banking facilities.

The entitlement offer will include an institutional and retail offer, which will be fully underwritten by Macquarie Capital Australia Ltd.

Further information is available at http://www.covermoregroup.com/content/6/en/investors-media.html