SUNCORP GROUP LIMITED — Capital/Financing Update 2009

Mar 16, 2009

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Suncorp-Metway Ltd ABN 66 010 831 722

Corporate Secretary’s Office Suncorp Centre 36 Wickham Terrace BRISBANE QLD 4000 GPO Box 1453 (FI006) Brisbane QLD 4001

17 March 2009

Company Announcements Office Australian Securities Exchange Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000

Dividend Reinvestment Plan (DRP) Underwriting

On 5 February 2009, Suncorp announced that it had entered into an agreement to partially underwrite the 2009 interim dividend up to $100 million. The underwritten DRP amount was to be reduced dollar for dollar with participation in the Retail Entitlement Offer.

The Retail Entitlement Offer closed on Friday 13 March 2009.

Suncorp is currently collating the acceptances and expects to announce the full details of the final applications tomorrow.

However, Suncorp can advise that it has received applications for more than $100 million under the Retail Entitlement Offer, and, accordingly, the underwriter has no obligation to subscribe for any shortfall amount.

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C R Chuter Corporate Secretary