1. One Year Anniversary Presentation May 2006

2. Today’s Agenda Calliden in Detail Case Studies New Niche Facilities Talk to us Questions - Who is Calliden - Senior Management - Calliden Focus

3. Who is Calliden? * There are three further non operating subsidiaries in the Calliden Group Listed on ASX (CIX) Substantial shareholders (Nov 05) –Hunter Hall Investment Management 20% –Souls Fund Management10% –HGL8% –Wilson Management Group6% APRA General Insurance Licence ASIC Australian Financial Services Licence Member of Insurance Council of Australia

4. Calliden in detail – Senior Management Team Mike Hooton – Marketing Director 17 years General Insurance: Promina, R&SA, UK, Aus Peter Bailey – Underwriting Director 18 years General Insurance: QBE, FAI, NRMA (IAG), Aus, UK Nick Kirk – Chief Executive Officer 27 years General Insurance: Promina, R&SA, NL, UK, Aus Adrian Diggelmann – CFO 11 years General & Life Insurance: Deloitte, MLC, GIO, Aus, NZ Glen Hickey – Ops & Technology Director 20 years Insurance & Banking: Zurich, OAMPS, Aus, UK, US Stephen Fay – Strategy Planning Manager 10 years General Insurance, Reinsurance & Regulatory: APRA, ReAc, Suncorp Chris Thompson - Treasurer 20 years Banking & Investment Mgmt: Arab Bank Group Aus, UK

5. Calliden Focus 52 schemes bound and live Team of 42 people 2 offices – Sydney & Melbourne Sport & Leisure Community & Not for Profit Construction Professional Commercial Package Niche Personal Lines

6. Case Studies Steve Bardsley – Sport, Leisure & Community 12 years exp, SLE Aus & Worldwide, Johnson & Higgins UK, JLT Aust. Contact Details: Phone:02 9551 1160 Fax:02 9551 1155 Email:steve.bardsley@calliden.com.au

7. Case Studies Chris Dardaneliotis – Commercial Packages 14 years GI experience, JLT, AMP/GIO Contact Details: Phone:02 9551 1136 Fax:02 9551 1155 Email:chris.dardaneliotis@calliden.com.au

8. Case Studies Tim McGrane – Professional Risks 20+ years GI exp UK & Aust, Cornhill, AMP, R&SA, Vero. Contact Details: Phone:03 8878 3802 Fax:03 8878 3888 Email:tim.mcgrane@calliden.com.au

9. Case Studies Michael Huntly – Construction 27 years Gen Ins exp, Prop, Const & Casualty NZI, Suncorp, R&SA/Vero. Contact Details: Phone:03 8878 3807 Fax:03 8878 3888 Email:michael.huntly@calliden.com.au

10. Case Studies Contact Details: Phone:02 9551 1130 Fax:02 9551 1155 Email:ian.mabbutt@calliden.com.au Ian Mabbutt - Agency Manager, Personal Lines 25 years plus GI experience, NRMA, AMP, Suncorp.

11. New Niche Facilities

12. Talk to us…. We can help with: ►An innovative tailored solution ►Australian APRA regulated paper ►Building seamless and effective processes ►A long-term partnership About your existing facilities and/or agencies

13. Calliden’s 1 year birthday: