NIB : Change of Director's Interest - M Fitzgibbon

9 November 2017

Company Announcements Office ASX Limited

20 Bridge Street

SYDNEY NSW 2000

nib holdings limited Head Office

22 Honeysuckle Drive

Newcastle NSW 2300

abn 51 125 633 856

t 13 14 63

f 02 4925 1999

e [e-mail]

w nib.com.au

Change of Director's Interest Notice - Mr Mark Fitzgibbon

Attached is an Appendix 3Y - Change of Director's Interest Notice for Mr Mark Fitzgibbon.

nib's Managing Director, Mr Mark Fitzgibbon has informed the company that he has sold 200,000 (direct) nib shares on market from 3 November 2017 to 7 November 2017.

Mr Fitzgibbon sold the 200,000 shares to meet a personal income tax obligation resulting from past awards of remuneration for his role in the form of nib shares, as well as to allow Mr Fitzgibbon to discharge a home mortgage.

Yours sincerely,

Roslyn Toms

Company Secretary For further information please contact:

Matthew Neat

Head of Corporate Affairs & Investor Relations T: [phone]

M: [phone]

E: [e-mail]

Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity - nib holdings limited

ABN - 51 125 633 856

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mark Fitzgibbon
Date of last notice	19 October 2017

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares held by Fitzy (NSW) Pty Ltd as Trustee for Fitz Family Fund in which Mark Fitzgibbon is the sole Director and beneficiary of the Trust.
Date of change	3 November 2017, 6 November 2017, 7 November 2017
No. of securities held prior to change	1,683,348 - Direct (held by Mark Fitzgibbon) 700,621 - Indirect (held by Fitzy (NSW) Pty Ltd as Trustee for Fitz Family Fund).
Class	Ordinary shares
Number acquired	Nil
Number disposed	Direct - 200,000 ordinary shares.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$1,297,227.90
No. of securities held after change	1,483,348 - Direct (held by Mark Fitzgibbon) 700,621 - Indirect (held by Fitzy (NSW) Pty Ltd as Trustee for Fitz Family Fund)

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	200,000 (direct) shares were disposed of by Mark Fitzgibbon on market to meet a personal income tax obligation resulting from past awards of remuneration for his role in the form of nib shares as well as to allow Mr Fitzgibbon to discharge a home mortgage.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A