SUNCORP GROUP LIMITED — Capital/Financing Update 2020

Jun 16, 2020

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ASX announcement

17 June 2020

The Manager Company Announcements Office ASX Limited Exchange Centre Level 4, 20 Bridge Street SYDNEY NSW 2000

Dear Sir / Madam

Suncorp Group Limited (ASX: SUN) – Notice under section 708A(5)(e) of the Corporations Act 2001 – Cleansing Statement

This notice is given by Suncorp Group Limited (ABN 66 145 290 124) (ASX Code: SUN) (“ Suncorp ”) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“ Act ”). It is a cleansing notice relating to the conversion of Suncorp convertible preference shares issued by Suncorp on 8 May 2014 (“ CPS3 ”) into ordinary shares.

Suncorp confirms that:

• (a) it has today converted 1,712,864 CPS3 into fully paid ordinary shares pursuant to the CPS3 terms as amended (“ Conversion ”) and issued 18,699,558 fully paid ordinary shares in connection with the Conversion at a price of $9.159917 per share (together, the (“ New Shares ”));

• (b) the CPS3 were converted and the New Shares were issued without disclosure to investors under Part 6D.2 of the Act;

• (c) as a disclosing entity, Suncorp is subject to regular reporting and disclosure obligations;

• (d) as at the date of this notice, Suncorp has complied with:

• the provisions of Chapter 2M of the Act as they apply to Suncorp; and

• section 674 of the Act; and

• (e) as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Act that is required to be set out in this notice under section 708A(6)(e) of the Act.

Yours sincerely

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Darren Solomon

Company Secretary

Authorised for lodgement with ASX by the Board.

Suncorp Group Ltd - ABN 66 145 290 124 – Level 28, 266 George Street, Brisbane QLD 4000 suncorpgroup.com.au