Ceasing to be a substantial holder

605   Page 1 of 2 15 July 2001

                                                               Form 605
                                                          Corporations Act 2001
                                                               Section 671 B

                                    Notice of ceasing to be a substantial holder

 To Company Name/Scheme             The Agency Group Australia Ltd (Company)
 ACN/ARSN                           118 913 232

 1. Details of substantial holder (1)

 Name                               Honan Insurance Group Pty Ltd

 ACN/ARSN (if applicable)           005 372 396

 The holder ceased to be a substantial holder on      01/10/�
 The previous notice was given to the company on      01/08/�
 The previous notice was dated                        01/08/�

 2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting
securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or
scheme are as follows:
    Date of           Person whose         Nature of change (4)     Consideration given       Class (6) and         Person's votes
    change           relevant interest                              in relation to change    number of              affected
                     chanaed                                        (5)                      securities affected
                                           Dilution
                                           change due to
                                                                                                                    3.78%
                     Honan                                                                                          dilution
                                           issue of
                     Insurance                                                                                      change down
   01/10/2019                              shares in the            N/A                      7,692,308
                     Group Pty                                                                                      to current
                                           Rights Issue                                      Ordinary
                     Ltd                                                                                            holding of
                                           completed 30-
                                                                                             Shares                 2 .59%
                                           Sep-2019

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the
substantial holder in relation to voting interests in the company or scheme are as follows:

   Name and ACN/ARSN (if applicable)       Nature of association

   N/A                                     N/A

4. Addresses

The addresses of persons named in this form are as follows:

   Name                                   Address
  Honan Insurance Group
                                          Level 9,      60 City Road Southbank VIC 3006
   Pty Ltd

Signature