Approval to hold a stake in a financial sector company of more than 20% No. 2 of 2023 (Cth)

Approval to hold a stake in a financial sector company of more than 20% No. 2 of 2023

Financial Sector (Shareholdings) Act 1998

To: The applicants listed in Schedule 1 (the Applicants) Since: 1. On 24 February 2023, the Applicants applied to the Treasurer under section 13 of the Act for approval to hold up to a 100% stake in Optus Insurance Services Pty Limited ACN 005 711 928 (Optus Insurance) and each of the companies listed in Schedule 2, each a financial sector company under the Act (the financial sector companies);

B. I am satisfied it is in the national interest for the Applicants to hold up to a 100% stake in Optus Insurance and each of the financial sector companies,

I, Sharyn Reichstein, a delegate of the Treasurer, under paragraph 14(1)(a) of the Act, approve the Applicants to hold up to a 100% stake in Optus Insurance and each of the financial sector companies.

This approval commences on the day it is made and remains in force indefinitely. Dated: 27 February 2023

Sharyn Reichstein General Manager Insurance Division Australian Prudential Regulation Authority

Interpretation

Act means the Financial Sector (Shareholdings) Act 1998. financial sector company has the meaning given in section 3 of the Act. stake in relation to a company, has the meaning given in clause 10 of Schedule 1 to the Act. Schedule 1 – the Applicants

1. Wizard Purchaser LP (Delaware); 2. Wizard Purchaser GP, LLC; 3. Genstar Capital Partners X, L.P.; 4. Genstar Capital Partners X (EU), L.P.; and 5. Stargen X, L.P.

Schedule 2 – the financial sector companies in addition to Optus Insurance

1. Likewize Olive Intermediate Holdings Pty Ltd ACN 656 108 619; 2. Likewize Olive Holdings Pty Ltd ACN 656 107 970; 3. Likewize Corp. (Delaware); 4. Brightstar Global Group Inc. (Delaware); 5. Resurgent Bidco Inc. (Delaware); 6. Resurgent Midco Inc. (Delaware); 7. Resurgent Holdco Inc. (Delaware); and 8. Resurgent Newco L.P.