SUNCORP GROUP LIMITED — Capital/Financing Update 2010

Dec 1, 2010

2 December 2010

FEDERAL TREASURER APPROVES PROPOSED NOHC RESTRUCTURE

Suncorp-Metway Ltd has received the principal regulatory approvals required from the Federal Treasurer, as well as the Australian Prudential Regulatory Authority, for the proposed non-operating holding company (NOHC) restructure of the Suncorp Group.

The NOHC restructure remains subject to a number of conditions, including the approval of shareholders at meetings to be held on 15 December 2010.

Ends

For more information, contact:

For more information: Retail shareholders – Link Market Services, 1300 882 012. Analysts / institutional investors – Mark Ley, 07 3135 3991. Media – Jamin Smith, 07 3135 4321.