Updates on acquisition of additional 4% stake in Ageas Federal Life Insurance Company Limited

Federal Bank Ltd. has executed a Share Purchase Agreement to acquire an additional 4% equity stake in Ageas Federal Life Insurance Company Limited from Ageas Insurance International NV. The acquisition is subject to the satisfaction of conditions precedent outlined in the agreement, including necessary regulatory approvals. Further details are available on the Bank's website.

An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.

• Consideration and how it is funded
• Revenue and profit of the target
• Expected completion date