PPM: Response to media speculation

In response to recent media speculation, Pepper Money Limited (“Pepper Money”) confirms that it has received a confidential, non-binding and conditional proposal to acquire 100% of the shares in Pepper Money under a scheme of arrangement (“Indicative Proposal”) from Challenger Limited (ASX:CGF) (“Challenger”) under which Challenger and Pepper Group ANZ HoldCo Limited (“Pepper Group”) will jointly