Webster Limited ABN 23 009 476 000

NOTICE OF ANNUAL GENERAL MEETING 2013 Friday, 15th November 2013 Australian Institute of Company Directors, NSW Business Centre Level 1, 20 Bond Street SYDNEY, NEW SOUTH WALES Commencing at 11.00am

This Notice of Annual General Meeting and Explanatory Notes is an important document. Please read it carefully.

If you are unable to attend the Annual General Meeting, please complete the enclosed Proxy Form and return it in accordance with the instructions set out on that form.

Webster Limited ABN 23 009 476 000

Dear Shareholder,
I have pleasure in inviting you to attend the one hundred and third Annual General Meeting (AGM) of Webster Limited, to be held on Friday, 15 November 2013, at the Australian Institute of Company Directors NSW Business Centre, Level 1, 20 Bond Street, Sydney, New South Wales commencing at 11:00am.
Enclosed is a Notice of Annual General Meeting (NOM), which sets out the items of business. Explanatory notes, which form part of the accompanying NOM, have been prepared to assist you in understanding the items of business.
At the meeting I will take the opportunity to update shareholders on the Company's achievements and challenges during 2013.
If you have elected to receive the Annual Report, this report will be mailed to you in the coming days and contains the Company's financial report for the year ended 30 June 2013, the Directors' Report, including the Remuneration Report, and the Auditor's Report. These will be tabled and considered at the AGM. If you have not elected to receive the Annual Report, an electronic copy is available on the Company's website at www.websterltd.com.au.
The AGM will commence at 11:00am, but you will be able to register from 10:30am.
If you are unable to attend, I encourage you to participate by completing and returning the enclosed proxy form. I look forward to seeing you at the AGM.
Yours sincerely,

Rod Roberts
Chairman
9 October 2013

NOTICE OF 2013 ANNUAL GENERAL MEETING

Notice is hereby given that the 2013 Annual
General Meeting of Webster Limited ACN 009 476
000 ("Webster" or "the Company") will be held on
Friday, 15 November 2013 at the Australian Institute of Company Directors NSW Business Centre, Level 1, 20 Bond Street, Sydney, New South Wales commencing at 11:00am.

BUSINESS

ITEM 1: FINANCIAL STATEMENTS AND REPORTS

To receive and consider the Financial Report, Directors' Report and Auditor's Report for the Company and its controlled entities for the financial year ended 30 June 2013.

ITEM 2: REMUNERATION REPORT

To consider the Remuneration Report of the Company for the financial year ended 30 June 2013. The Remuneration Report is set out on pages 20 to
22 of the 2013 Annual Report.
Please note that the vote on this resolution is advisory only and does not bind the Directors or the Company.

Voting exclusion statement in respect of Item 2: The Company will disregard any votes cast (in any capacity) on Item 2 by or on behalf of a member of the Key Management Personnel (KMP) or a KMP's closely related party unless the vote is cast as proxy for a person entitled to vote in accordance with a direction on the proxy form. A closely related party is defined in the Corporations Act 2001 and includes a spouse, dependant and certain other close family members, as well as any companies controlled by the KMP.

The Chairman will vote all undirected proxies in favour of this resolution. If you wish to vote "against" or "abstain" you should mark the relevant box in the attached proxy form.

ITEM 3: RE