January, 2007

BUDGET DIRECT — LOW-COST CAR INSURANCE PROVIDER AWARDED BEST CAR INSURANCE 2007 AWARD

Low-cost car insurance provider Budget Direct has won Money magazine's Best Car Insurance 2007 award, which marks the insurance provider as a serious, alternative choice in the highly competitive car insurance industry in Australia, according to Michael Weston, CEO and Managing Director of Australian Insurance Holdings, the holding company for Budget Direct.

Money magazine said the winner was chosen according to a combination of product features and price.

Mr Weston said Budget Direct has continued to back its competitive pricing with a Best Price Guarantee for Australian consumers."

"Our highly accurate, efficient and fast platform means Budget Direct can justifiably claim to be Australia's most advanced insurance provider, offering significant savings to Australian motorists needing car insurance," he said.

Budget Direct established itself within the Australian insurance landscape in 2000, introducing one of the world's most sophisticated technology and underwriting insurance systems. The low-cost insurance provider has achieved compound growth of 58% per annum over the last four years with strong growth since selling its first policy.

"Budget Direct is the alternative, low-cost comprehensive car insurance provider that will give Australian's real choice and value when buying car insurance," Mr Weston said.