Notice Title

Notice of Swann Insurance (Aust) Pty Limited (New Zealand Branch) Rating Downgrade

On 7 May 2008, Swann Insurance (Aust) Pty Limited
(New Zealand Branch) had its financial strength rating downgraded from “AA” to “AA–” by approved ratings agency Standard and Poor’s (Australia) Pty Limited.
This notice is published pursuant to the Insurance Companies (Ratings and Inspections) Act 1994.