Medibank Selects Bloomberg’s Foreign Exchange Trading Platform

Melbourne, Australia and New York, November 29, 2011 — Medibank Private Limited, Australia’s largest private health insurer, has chosen Bloomberg’s Foreign Exchange (FX) trading platform to manage the exchange rate risk associated with its $2.5 billion global equity portfolio, Bloomberg L.P. announced today.

Medibank uses the Bloomberg Professional service to research global news, data and analytics to hedge its interest-rate risk. Now, Medibank will also use the system’s FXGO function to manage its foreign-exchange risk, execute FX trades and get requests for quotes (RFQs) in spot, forwards, swaps, options and deposits.

“Bloomberg’s FXGO is the most efficient way of managing our FX risk. Like a lot of other companies, we were using the phone to trade and waiting for the confirmation call. In the meantime, the markets could move significantly. FXGO ensures that trades happen immediately, the confirmation goes to our back office and sends it to our custodian, all in one step,” said Graeme Sala, Medibank’s Treasurer.

Tod Van Name, global head of Bloomberg’s Foreign Exchange business, said, “Corporate executives all over the world are discovering that the Bloomberg Professional services’ FXGO makes managing foreign exchange risk intuitive, seamless and cost-effective. They can get prices from their preferred banks, execute trades and integrate with their order management, risk management and back office systems all on one platform.”

Amanda Dobbie, Bloomberg’s head of sales for Australia and New Zealand, said, “Companies are hanging up the phone and getting on FXGO because it’s simple and they do not have to pay a commission. FXGO is free to both the sellers and buyers of currencies and provides comprehensive pricing.”

For more information about Bloomberg FXGO or the Bloomberg Professional service, go to www.bloomberg.com or contact sales representatives for the AMERICAS – Kellie Coyne at kcoyne3@bloomberg.net or +1-212-617-4217; ASIA — Roger Lewis at rlewis6@bloomberg.net or +81-3-3201-7790, AUSTRALIA — or EMEA – Nicolas Pierrel at npierrel@blomberg.netor +44-20-7073- 3291.

(*In Australia, Hong Kong, and Brazil Bloomberg FXGO is
offered through Bloomberg Tradebook)

About Medibank Private Limited

Medibank Private Limited is an integrated private health insurance and health services group. It is Australia’s largest private health insurer, incorporating the Medibank Private and ahm health funds. Across two separate brands almost 3.4 million people are covered, representing almost a third of the private health insurance market. Medibank operates over 100 stores and agents and 50 clients Australia wide. We provide occupational and travel health services to government and corporate Australia. Medibank offers private health cover for hospital and ancillary services, workplace health and rehabilitation solutions and specialised travel health advice and services. We provide access to life insurance, pet insurance, travel insurance and a suite of corporate health cover and wellbeing products.

About Bloomberg

Bloomberg, a leader in global business and financial information and news, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to 310,000 subscribers globally.

Media Contacts

-Amy Mihalakis, Australia, amy.mihalakis@cognitomedia.com, +61
4 (0) 14 643 446,

-Anne Karumo, Singapore, anne.karumo@cognitomedia.com, +65-
811-264-09

-Stella Xu, Bloomberg L.P., Beijing, sx43@bloomberg.net, +86-
10-6649-7551,

-Pam Snook, Bloomberg L.P., pamsnook@bloomberg.net, +212-617-
7652

-Sophie Fischman, U.S., Bloomberg@cognitomedia.com, +1-646-
395-6300,

-Charlie Morrow, EMEA, BloombergEMEA@cognitomedia.com, +44-20-
7438-1100