SUNCORP GROUP LIMITED — Capital/Financing Update 2008

Oct 12, 2008

13 October 2008

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SUNCORP UPDATE

In light of the significant events in world financial markets over the last week and the Federal Government’s constructive initiatives for the financial sector announced yesterday, Suncorp is assessing the implications for the potential sale of its banking and wealth management operations.

Suncorp expects to have discussions with various parties and will provide an update to the market in due course.

ENDS

For more information contact:

Analysts / Investors Karen Cush 07 3836 1960 Mark Ley 07 3835 5639 Media Jamin Smith 07 3835 5183 Ron Burke 0419334 452

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