Ann: Non-Binding Expression of Interest, page-4

Market Release 18 September 2015 Non-Binding Expression of Interest

Veda Group Limited (Veda) (ASX:VED) today received orally a conditional and non-binding Expression of Interest from Equifax Inc (Equifax) under which Equifax proposes to acquire 100% of the shares in Veda (Expression of Interest) at a price of $2.70 per share, with the consideration being in cash.

The proposal is subject to a number of conditions including due diligence and regulatory approvals, which includes FIRB approval.

The Board of Directors of Veda intends to evaluate the Expression of Interest and will update its shareholders and the market in due course.

The Board notes that there is no certainty that the Expression of Interest will result in an offer for Veda, what the terms of any such offer would be, or whether there will be a recommendation by the Board.

Irrespective of whether the Expression of Interest proceeds to an offer, the Board considers that Veda has a very attractive future and that the Company is well positioned to continue to deliver strong growth.

Veda makes this statement, and will continue to keep the market informed, in accordance with its continuous disclosure obligations. Macquarie Capital (Australia) Limited and Herbert Smith Freehills are advising Veda.