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Publish Date : 06-Sep-2012

Hub International Limited (“Hub”), a global insurance broker, today announced that it has commenced cash tender offers for any and all of its outstanding $305.0 million in aggregate principal amount of 9.00% Senior Notes due 2014 (the “2014 Senior Notes”) and $395.0 million in aggregate principal amount of 10.25% Senior Subordinated Notes due 2015 (the “2015 Subordinated Notes”). In connection with the tender offers, Hub is soliciting consents (“Consents”) from holders of the 2014 Senior Notes and the 2015 Subordinated Notes to amendments to the respective indentures governing the 2014 Senior Notes and the 2015 Subordinated Notes (the “Proposed Amendments”). The tender offers and consent solicitations (collectively, the “Offer”) are being made pursuant to an Offer to Purchase and Consent Solicitation Statement, dated September 4, 2012.

Holders who validly tender their 2014 Senior Notes and deliver their Consents to the Proposed Amendments prior to the early tender deadline of 5:00 p.m., New York City time, on September 17, 2012, unless extended (the “Consent Payment Deadline”), will receive the total consideration of $1,026.25 per $1,000 principal amount of the 2014 Senior Notes, which includes a consent payment of $50.00 per $1,000 principal amount of the 2014 Senior Notes, plus any accrued and unpaid interest on the 2014 Senior Notes up to, but not including, the payment date.

Holders who validly tender their 2015 Subordinated Notes and deliver their Consents to the Proposed Amendments prior to the Consent Payment Deadline, will receive the total consideration of $1,030.63 per $1,000 principal amount of the 2015 Subordinated Notes, which includes a consent payment of $50.00 per $1,000 principal amount of the 2015 Subordinated Notes, plus any accrued and unpaid interest on the 2015 Subordinated Notes up to, but not including, the payment date.

Holders may not tender their 2014 Senior Notes and 2015 Subordinated Notes (as applicable) in the Offer without delivering their Consents to the Proposed Amendments, and holders may not deliver their consents to the Proposed Amendments without tendering their 2014 Senior Notes and 2015 Subordinated Notes (as applicable) pursuant to the Offer. Payment for 2014 Senior Notes and 2015 Subordinated Notes (as applicable) validly tendered and not validly withdrawn on or prior to the Consent Payment Deadline and accepted for purchase will be made on or promptly following the Consent Payment Deadline. Holders who validly tender their 2014 Senior Notes after the Consent Payment Deadline, but on or prior to the Expiration Date (as defined below), will receive the tender offer consideration of $976.25 per $1,000 principal amount of the 2014 Senior Notes, plus any accrued and unpaid interest on the 2014 Senior Notes up to, but not including, the payment date, but will not receive the consent payment.

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