SUNCORP GROUP LIMITED — Capital/Financing Update 2026

Apr 28, 2026

Rule 3.10.3

Appendix 3B

Proposed issue of securities

Information and documents given to ASX become ASX's property and may be made public.

If you are an entity incorporated outside Australia and you are proposing to issue a new class of securities that will not have CDIs issued over them, you will need to obtain and provide an International Securities Identification Number (ISIN) for that class. For offers where the securities proposed to be issued are in an existing class of security, and the event timetable includes rights (or entitlement for non-renounceable issues), and deferred settlement trading or a representation of such, ASX requires the issuer to advise ASX of the ISIN code for the rights (or entitlement), and deferred settlement trading. This code will be different to the existing class. If the securities do not rank equally with the existing class, the same ISIN code will be used for that security to continue to be quoted while it does not rank.

Further information on the requirement for the notification of an ISIN is available from the Create Online Forms page. ASX is unable to create the new ISIN for non-Australian issuers.

*Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.

• See chapter 19 for defined terms

5 February 2024

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Appendix 3B
Proposed issue of securities

Part 1 – Entity and announcement details

Question no	Question	Answer
1.1	*Name of entity
We (the entity here named) give ASX the following information about a proposed issue of securities and, if ASX agrees to quote any of the securities (including any rights) on a deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).	Suncorp Group Limited
1.2	*Registration type and number
Please supply your ABN, ARSN, ARBN, ACN or another registration type and number (if you supply another registration type, please specify both the type of registration and the registration number).	ABN 66 145 290 124
1.3	*ASX issuer code	SUN
1.4	*This announcement is
Tick whichever is applicable.	☑ A new announcement
☐ An update/amendment to a previous announcement
☐ A cancellation of a previous announcement
1.4a	*Reason for update
Answer this question if your response to Q 1.4 is “An update/amendment to previous announcement”. A reason must be provided for an update.	N/A

• See chapter 19 for defined terms
  5 February 2024

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Appendix 3B
Proposed issue of securities

| 1.4b | Date of previous announcement(s) to this update
Answer this question if your response to Q 1.4 is “An update/amendment to previous announcement”. | N/A |
| --- | --- | --- |
| 1.4c | Reason for cancellation
Answer this question if your response to Q 1.4 is “A cancellation of previous announcement”. | N/A |
| 1.4d | Date of previous announcement(s) to this cancellation
Answer this question if your response to Q 1.4 is “A cancellation of previous announcement”. | N/A |
| 1.5 | Date of this announcement | 29 April 2026 |
| 1.6 | The proposed issue is:
Note: You can select more than one type of issue (e.g. an offer of securities under a securities purchase plan and a placement, however ASX may restrict certain events from being announced concurrently). Please contact your ASX listings compliance adviser if you are unsure. | ☐ A +bonus issue (complete Parts 2 and 8)
☐ A standard +pro rata issue (non-renounceable or renounceable) (complete Q1.6a and Parts 3 and 8)
☐ An accelerated offer (complete Q1.6b and Parts 3 and 8)
☐ An offer of +securities under a +securities purchase plan (complete Parts 4 and 8)
☐ A non-+pro rata offer of +securities under a +disclosure document or +PDS (complete Parts 5 and 8)
☑ A non-+pro rata offer to wholesale investors under an information memorandum (complete Parts 6 and 8)
☐ A placement or other type of issue (complete Parts 7 and 8) |
| 1.6a | The proposed standard +pro rata issue is:
Answer this question if your response to Q1.6 is “A standard pro rata issue (non-renounceable or renounceable).”
Select one item from the list
An issuer whose securities are currently suspended from trading cannot proceed with an entitlement offer that allows rights trading. If your securities are currently suspended, please consult your ASX listings compliance adviser before proceeding further. | ☐ Non-renounceable
☐ Renounceable |
| 1.6b | *The proposed accelerated offer is:
Answer this question if your response to Q1.6 is “An accelerated offer”
Select one item from the list
An issuer whose securities are currently suspended from trading cannot proceed with an entitlement offer that allows rights trading. If your securities are currently suspended, please consult your ASX listings compliance adviser before proceeding further. | ☐ Accelerated non-renounceable entitlement offer (commonly known as a JUMBO or ANREO)
☐ Accelerated renounceable entitlement offer (commonly known as an AREO)
☐ Simultaneous accelerated renounceable entitlement offer (commonly known as a SAREO)
☐ Accelerated renounceable entitlement offer with dual book-build structure (commonly known as a RAPIDS)
☐ Accelerated renounceable entitlement offer with retail rights trading (commonly known as a PAITREO) |

• See chapter 19 for defined terms
  5 February 2024
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Appendix 3B
Proposed issue of securities

Part 6 – Details of proposed non-pro rata offer to wholesale investors under an +information memorandum

If your response to Q1.6 is “A non-+pro rata offer to wholesale investors under an information memorandum”, please complete Parts 6A – 6F and the details of the securities proposed to be issued in Part 8.

Part 6A – Proposed non-pro rata offer to wholesale investors under an +information memorandum – conditions

Question No.	Question			Answer
6A.1	*Do any external approvals need to be obtained or other conditions satisfied before the non-pro rata offer to wholesale investors under an information memorandum can proceed on an unconditional basis?
For example, this could include:
• +Security holder approval
• Court approval
• Lodgement of court order with +ASIC
• ACCC approval
• FIRB approval
Disregard any approvals that have already been obtained or conditions that have already been satisfied.			No
6A.1a	Conditions
Answer these questions if your response to 6A.1 is “Yes”
*Approval/ condition Type
Select the applicable approval/condition from the list (ignore those that are not applicable). More than one approval/condition can be selected.		*Date for determination
The ‘date for determination’ is the date that you expect to know if the approval is given or condition is satisfied (for example, the date of the security holder meeting in the case of security holder approval or the date of the court hearing in the case of court approval).	*Is the date estimated or actual?	**Approval received/ condition met?
Please respond “Yes” or “No”. Only answer this question when you know the outcome of the approval.	Comments
+Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Other (please specify in comment section)

• See chapter 19 for defined terms
  5 February 2024

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Appendix 3B
Proposed issue of securities

Part 6B – Proposed non-pro rata offer to wholesale investors under an +information memorandum – offer details

Question No.	Question	Answer
6B.1	*Class of +securities to be offered under the +information memorandum (please enter both the ASX security code & description)	Wholesale Additional Tier 1 Capital Notes (Wholesale Capital Notes).
Wholesale Capital Notes are AUD-denominated perpetual, non-cumulative, convertible, unsecured, subordinated debt obligations that are, in certain circumstances, convertible into ordinary shares of Suncorp Group Limited.
These notes are not intended to be listed and quoted at this time.
6B.2	*The number of +securities to be offered under the +information memorandum
If the number of securities proposed to be issued is based on a formula linked to a variable (for example, VWAP or an exchange rate or interest rate), include the number of securities based on the variable as at the date the Appendix 3B is lodged with ASX and add a note in the “Any other information the entity wishes to provide about the proposed offer” field at the end of this form making it clear that this number is based on the variable as at the date of the Appendix 3B and that it may change.	20,000 Wholesale Capital Notes (may be more or less)
6B.3	*Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)?	No
6B.3a	*Describe the minimum subscription condition
Answer this question if your response to Q6B.3 is “Yes”.	N/A
6B.4	*Will the entity be entitled to accept over-subscriptions?	Yes
6B.4a	*Provide details of the number or value of over-subscriptions that the entity may accept
Answer this question if your response to Q6B.4 is “Yes”.	Suncorp may issue more or less than 20,000 Wholesale Capital Notes. There is no maximum limit on the number or value of over-subscription under the offer that Suncorp may accept.
Oversubscription will be subject to scaling.
6B.5	*Will individual investors be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)?	Yes
6B.5a	*Describe the minimum acceptance condition
Answer this question if your response to Q6B.5 is “Yes”.	A minimum subscription amount of AUD $500,000 applies (unless the Wholesale Capital Notes are issued in a manner which does not require disclosure in accordance with Chapter 6D or Chapter 7 of the Corporations Act).
6B.6	*Will individual investors be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)?	No

• See chapter 19 for defined terms
  5 February 2024

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Appendix 3B
Proposed issue of securities

Part 6C – Proposed non-pro rata offer to wholesale investors under an +information memorandum – timetable

Question No.	Question	Answer
6C.1	*Expected date of +information memorandum	24 April 2026
6C.2	*Date when +information memorandum and acceptance forms will be made available to investors	29 April 2026
6C.3	*Offer open date	29 April 2026
6C.4	*Closing date for receipt of acceptances	29 April 2026
6C.5	[deleted]	-

• See chapter 19 for defined terms
  5 February 2024
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Appendix 3B
Proposed issue of securities

Part 6D – Proposed non-pro rata offer to wholesale investors under an +information memorandum – listing rule requirements

Question No.	Question	Answer
6D.1	*Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
Answer this question if the issuer is an ASX Listing (i.e. not an ASX Debt Listing or ASX Foreign Exempt Listing).
If the issuer has obtained security holder approval for part of the issue only and is therefore relying on its placement capacity under listing rule 7.1 and/or listing rule 7.1A for the remainder of the issue, the response should be 'no'.	No
6D.1a	*Date of meeting or proposed meeting to approve the issue under listing rule 7.1
Answer this question if the issuer is an ASX Listing and your response to Q6D.1 is "Yes".	N/A
6D.1b	*Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?
Answer this question if the issuer is an ASX Listing and your response to Q6D.1 is "No".	Yes
6D.1b(i)	*How many +securities are proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?
Answer this question if the issuer is an ASX Listing, your response to Q6D.1 is "No" and your response to Q6D.1b is "Yes".
Please complete and separately send by email to your ASX listings adviser a work sheet in the form of Annexure B to Guidance Note 21 confirming the entity has the available capacity under listing rule 7.1 to issue that number of securities.	20,000 Wholesale Capital Notes (which may be more or less) would convert to a number of ordinary shares based on the Conversion Mechanics in Clause 9 of the Terms of Capital Notes set out in the Information Memorandum dated 24 April 2026.
6D.1c	*Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)?
Answer this question if the issuer is an ASX Listing your response to Q6D.1 is "No".	No
6D.1c(i)	*How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A?
Answer this question if the issuer is an ASX Listing, your response to Q6D.1 is "No" and your response to Q6D.1c is "Yes".
Please complete and separately send by email to your ASX listings adviser a work sheet in the form of Annexure C to Guidance Note 21 confirming the entity has the available capacity under listing rule 7.1A to issue that number of securities.	N/A

• See chapter 19 for defined terms
  5 February 2024

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Appendix 3B
Proposed issue of securities

Part 6E – Proposed non-pro rata offer to wholesale investors under an +information memorandum – fees and expenses

Question No.	Question	Answer
6E.1	*Will there be a lead manager or broker to the proposed offer?	Yes
6E.1a	*Who is the lead manager/broker?
Answer this question if your response to Q6E.1 is "Yes".	The Joint Lead Managers are:
Barrenjoey Markets Pty Ltd
(ABN 66 636 976 059)
National Australia Bank Limited
(ABN 12 004 044 937)
UBS AG, Australia Branch
(ABN 47 088 129 613)
Westpac Banking Corporation
(ABN 33 007 457 141).
National Australia Bank Limited is acting as Arranger and Joint Lead Manager.
6E.1b	*What fee, commission or other consideration is payable to them for acting as lead manager/broker?
Answer this question if your response to Q6E.1 is "Yes".	65 basis points (bps)
6E.2	*Is the proposed offer to be underwritten?	No
6E.2a	*Who are the underwriter(s)?
Answer this question if your response to Q6E.2 is "Yes".	N/A
6E.2b	*What is the extent of the underwriting (i.e. the amount or proportion of the offer that is underwritten)?
Answer this question if your response to Q6E.2 is Yes	N/A
6E.2c	*What fees, commissions or other consideration are payable to them for acting as underwriter(s)?
Answer this question if your response to Q6E.2 is "Yes".
Note: This includes any applicable discount the underwriter receives to the issue price payable by participants in the issue.	N/A
6E.2d	*Provide a summary of the significant events that could lead to the underwriting being terminated
Answer this question if your response to Q6E.2 is "Yes".
You may cross-refer to another document with this information provided it has been released on the ASX Market Announcements Platform.	N/A

• See chapter 19 for defined terms
  5 February 2024

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Appendix 3B
Proposed issue of securities

| 6E.2e | Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed offer?
Answer this question if the issuer is an ASX Listing and your response to Q6E.2 is “Yes”.
Note: If your response is “Yes”, this will require security holder approval under listing rule 10.11. | N/A |
| --- | --- | --- |
| 6E.2e(i) | What is the name of that party?
Answer this question if the issuer is ASX Listing and your response to Q6E.2e is “Yes”.
Note: If there is more than one such party acting as underwriter or sub-underwriter include all of their details in this and the next 2 questions | N/A |
| 6E.2e(ii) | What is the extent of their underwriting or sub-underwriting (ie the amount or proportion of the issue they have underwritten or sub-underwritten)?
Answer this question if the issuer is an ASX Listing and your response to Q6E.2e is “Yes”. | N/A |
| 6E.2e(iii) | What fee, commission or other consideration is payable to them for acting as underwriter or sub-underwriter?
Answer this question if the issuer is ASX Listing and your response to Q6E.2e is “Yes”.
Note: This includes any applicable discount the underwriter or sub-underwriter receives to the issue price payable by participants in the issue. | N/A |
| 6E.3 | Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? | No |
| 6E.3a | * Will the handling fee or commission be dollar based or percentage based?
Answer this question if your response to Q6E.3 is “Yes”. | N/A |
| 6E.3b | Amount of handling fee or commission payable to brokers who lodge acceptances or renunciations on behalf of eligible +security holders
Answer this question if your response to Q6E.3 is “Yes” and your response to Q6E.3a is “dollar based”. | N/A |
| 6E.3c | *Percentage handling fee or commission payable to brokers who lodge acceptances or renunciations on behalf of eligible +security holders
Answer this question if your response to Q6E.3 is “Yes” and your response to Q6E.3a is “percentage based”. | N/A |
| 6E.3d | Please provide any other relevant information about the handling fee or commission method
Answer this question if your response to Q6E.3 is “Yes”. | N/A |
| 6E.4 | Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer | N/A |

• See chapter 19 for defined terms
  5 February 2024
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Appendix 3B
Proposed issue of securities

Part 6F – Proposed non-pro rata offer to wholesale investors under an +information memorandum – further information

Question No.	Question	Answer
6F.1	*The purpose(s) for which the entity intends to use the cash raised by the proposed offer
You may select one or more of the items in the list.	☐ For additional working capital
☐ To fund the retirement of debt
☐ To pay for the acquisition of an asset
[provide details below]
☐ To pay for services rendered [provide details below]
☑ Other [provide details below]
Additional details:
Suncorp expects to use proceeds from the issue to fund Additional Tier 1 Capital (as described in the Prudential Standards issued by the Australian Prudential Regulation Authority) ("APRA") of one or more Regulated Entities within the Suncorp Group and for general funding and capital management purposes.
6F.2	*Will the entity be changing its dividend/distribution policy if the proposed issue is successful?	No
6F.2a	*Please explain how the entity will change its dividend/distribution policy if the proposed issue is successful
Answer this question if your response to Q6F.2 is "Yes".	N/A
6F.3	*Please explain the entity's allocation policy for the offer, including whether or not acceptances from existing +security holders will be given priority	Suncorp has discretion to determine the method and extent of allocations. The determination of allocations to each Joint Lead Manager is at the discretion of Suncorp as agreed with the Joint Lead Managers.
6F.4	*URL on the entity's website where wholesale investors can download the +information memorandum	https://www.suncorpgroup.com.au/investors/securities/suncorp-group-limited-wholesale-note-issuance-programme
6F.5	Any other information the entity wishes to provide about the proposed offer	Investors should carefully consider the risks associated with the Wholesale Capital Notes, together with the Terms and other information in the Information Memorandum dated 24 April 2026 before deciding whether to invest.
Investors should not expect that APRA's approval will be given for an early redemption.
Dates and number of securities to be offered presented in this Appendix are indicative only, and subject to change.

• See chapter 19 for defined terms
  5 February 2024

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Appendix 3B

Proposed issue of securities

Part 8 – details of +securities proposed to be issued

Answer the relevant questions in this part for the type of +securities the entity proposes to issue. If the entity is proposing to issue more than one class of security, including free attaching securities, please complete a separate version of Part 8 for each class of security proposed to be issued.

Part 8A – type of +securities proposed to be issued

Question No.	Question	Answer
8A.1	*The +class of +securities proposed to be issued is:
Tick whichever is applicable
Note: SPP offers must select “existing quoted class”	☐ Additional +securities in a class that is already quoted on ASX (“existing quoted class”)
☐ Additional +securities in a class that is not currently quoted, and not intended to be quoted, on ASX (“existing unquoted class”)
☐ New +securities in a class that is not yet quoted, but is intended to be quoted, on ASX (“new quoted class”)
☑ New +securities in a class that is not quoted, and not intended to be quoted, on ASX (“new unquoted class”)
8A.2	*Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:
Answer this question if your response to Q1.6 is “A standard pro rata issue (non-renounceable or renounceable)”, “An accelerated offer”, “A non-pro rata offer to wholesale investors under an information memorandum” or “A placement or other type of issue” and your response to Q8A.1 is “existing quoted class” or “new quoted class”.
Note: Under Appendix 2A of the Listing Rules, when the entity applies for quotation of the securities proposed to be issued, it gives a warranty that an offer of the securities for sale within 12 months after their issue will not require disclosure under section 707(3) or 1012C(6) of the Corporations Act.
If you are in any doubt as to the application of, or the entity’s capacity to give, this warranty, please see ASIC Regulatory Guide 173 Disclosure for on-sale of securities and other financial products and consult your legal adviser.	☐ The publication of a +disclosure document or +PDS for the +securities proposed to be issued
☑ The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) [
☐ The publication of a +disclosure document or +PDS involving the same class of securities as the +securities proposed to be issued that meets the requirements of section 708A(11) or 1012DA(11)
☐ An applicable ASIC instrument or class order
☐ Not applicable – the entity has arrangements in place with the holder that ensure the securities cannot be on-sold within 12 months in a manner that would breach section 707(3) or 1012C(6)
Note: Absent relief from ASIC, a listed entity can only issue a cleansing notice where trading in the relevant securities has not been suspended for more than 5 days during the shorter of: (a) the period during which the class of securities are quoted; and (b) the period of 12 months before the date on which the relevant securities were issued.

Note: If the +securities referred to in this form are being offered under a +disclosure document or +PDS and the entity selects the first or third option in its response to question 8A.1 above (existing quoted class or new quoted class), then by lodging this form with ASX, the entity is taken to have applied for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, the entity will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

• See chapter 19 for defined terms

5 February 2024

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Appendix 3B
Proposed issue of securities

Part 8B – details of +securities proposed to be issued (existing quoted class or existing unquoted class)

Answer the questions in this Part if your response to Q8A.1 is “existing quoted class” or “existing unquoted class”.

Part 8C – details of +securities proposed to be issued (new quoted class or new unquoted class)

Answer the questions in this Part if your response to Q8A.1 is “new quoted class” or “new unquoted class”.

Question No.	Question	Answer
8C.1	*+Security description
The ASX security code for this security will be confirmed by ASX in due course.	Wholesale Additional Tier 1 Capital Notes (Wholesale Capital Notes).
Wholesale Capital Notes are AUD-denominated perpetual, non-cumulative, convertible, unsecured, subordinated debt obligations that are, in certain circumstances, convertible into ordinary shares of Suncorp Group Limited.
8C.2	*Security type
Select one item from the list.
Please select the most appropriate security type from the list. This will determine more detailed questions to be asked about the security later in this section. Select “ordinary fully or partly paid shares/units” for stapled securities or CDIs. For interest rate securities, please select the appropriate choice from either “Convertible debt securities” or “Non-convertible debt securities” (tradeable securities); or “Wholesale debt securities” (non-tradeable). Select “Other” for performance shares/units and performance options/rights or if the selections available in the list do not appropriately describe the security being issued.	☐ Ordinary fully or partly paid shares/units
☐ Options
☐ +Convertible debt securities
☐ Non-convertible +debt securities
☐ Redeemable preference shares/units
☐ Wholesale debt securities
☒ Other
8C.3	ISIN code
Answer this question if you are an entity incorporated outside Australia and you are proposing to issue a new class of securities that will not have CDIs issued over them. See also the note at the top of this form.	N/A
8C.3a	ISIN Code for the entitlement or right to participate in a non-renounceable issue; or for the tradeable rights created under a renounceable right issue (if Issuer is foreign company and +securities do not have +CDIs issued over them)	N/A
8C.4a	*Will all the +securities proposed to be issued in this class rank equally in all respects from the issue date?	Yes
8C.4b	*Is the actual date from which the +securities will rank equally (non-ranking end date) known?
Answer this question if your response to Q8C.4a is “No”.	N/A
8C.4c	*Provide the actual non-ranking end date
Answer this question if your response to Q8C.5a is “No” and your response to Q8C.4b is “Yes”.	N/A

• See chapter 19 for defined terms
  5 February 2024

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Appendix 3B
Proposed issue of securities

| 8C.4d | Provide the estimated non-ranking end period
Answer this question if your response to Q8C.4a is “No” and your response to Q8C.4b is “No”. | N/A |
| --- | --- | --- |
| 8C.4e | Please state the extent to which the +securities do not rank equally:
• in relation to the next dividend, distribution or interest payment; or
• for any other reason
Answer this question if your response to Q8C.4a is “No”.
For example, the securities may not rank at all, or may rank proportionately based on the percentage of the period in question they have been on issue, for the next dividend, distribution or interest payment; or they may not be entitled to participate in some other event, such as an entitlement issue. | N/A |
| 8C.5 | Please attach a document or provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
You may cross-reference a disclosure document, PDS, information memorandum, investor presentation or other announcement with this information provided it has been released to the ASX Market Announcements Platform. | Refer to the Information Memorandum disclosed to ASX on 24 April 2026
https://www.suncorpgroup.com.au/investors/securities/suncorp-group-limited-wholesale-note-issuance-programme |
| 8C.6 | Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?
Answer this question only if you are an ASX Listing. (ASX Foreign Exempt Listings and ASX Debt Listings do not have to answer this question).
If your response is “No” and the securities have any unusual terms, you should approach ASX as soon as possible for confirmation under listing rule 6.1 that the terms are appropriate and equitable. | Yes. Confirmation provided on 9 April 2026 |
| 8C.7c | Details of non-convertible +debt securities, +convertible debt securities, or redeemable preference shares/units
Answer the questions in this section if you selected one of these security types in your response to Question Q8C.2.
Refer to Guidance Note 34 and the “Guide to the Naming Conventions and Security Descriptions for ASX Quoted Debt and Hybrid Securities” for further information on certain terms used in this section | |
| | Type of +security
Select one item from the list | ☐ Simple corporate bond
☐ Non-convertible note or bond
☐ Convertible note or bond
☐ Preference share/unit
☐ Capital note
☑ Hybrid security
☐ Other |
| | *+Security currency
This is the currency in which the face value of the security is denominated. It will also typically be the currency in which interest or distributions are paid. | AUD |

• See chapter 19 for defined terms
  5 February 2024
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Appendix 3B
Proposed issue of securities

| | Face value
This is the principal amount of each security.
The face value should be provided per the security currency (i.e. if security currency is AUD, then the face value per security in AUD). | $10,000 |
| --- | --- | --- |
| | Interest or dividend rate type
Select one item from the list
Select the appropriate interest rate type per the terms of the security. Definitions for each type are provided in the Guide to the Naming Conventions and Security Descriptions for ASX Quoted Debt and Hybrid Securities
Note, this and the following questions also refer to dividend rates and payments, as would be relevant to preference securities. | ☐ Fixed rate
☑ Floating rate
☐ Indexed rate
☐ Variable rate
☐ Zero coupon/no interest
☐ Other |
| | Frequency of coupon/interest/dividend payments per year
Select one item from the list. | ☐ Monthly
☑ Quarterly
☐ Semi-annual
☐ Annual
☐ No coupon/interest payments
☐ Other |
| | First interest/dividend payment date
A response is not required if you have selected “No coupon/interest payments” in response to the question above on the frequency of coupon/interest payments | 17 June 2026 |
| | Interest/dividend rate per annum
Answer this question if the interest rate type is fixed. | N/A |
| | Is the interest/dividend rate per annum estimated at this time?
Answer this question if the interest rate type is fixed. | N/A |
| | If the interest/dividend rate per annum is estimated, then what is the date for this information to be announced to the market (if known)
Answer this question if the interest rate type is fixed and your response to the previous question is “Yes”.
Answer “Unknown” if the date is not known at this time. | N/A |
| | Does the interest/dividend rate include a reference rate, base rate or market rate (e.g. BBSW or CPI)?
Answer this question if the interest rate type is floating or indexed. | Yes |
| | What is the reference rate, base rate or market rate?
Answer this question if the interest rate type is floating or indexed and your response to the previous question is “Yes”. | 3 month - Bank Bill Swap Rate |
| | Does the interest/dividend rate include a margin above the reference rate, base rate or market rate?
Answer this question if the interest rate type is floating or indexed. | Yes |

• See chapter 19 for defined terms
  5 February 2024
  Page 14

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Appendix 3B
Proposed issue of securities

| | What is the margin above the reference rate, base rate or market rate (expressed as a percent per annum)
Answer this question if the interest rate type is floating or indexed and your response to the previous question is “Yes”. | [to be determined via bookbuild] % p.a. |
| --- | --- | --- |
| | Is the margin estimated at this time?
Answer this question if the interest rate type is floating or indexed. | Available upon bookbuild |
| | If the margin is estimated, then what is the date for this information to be announced to the market (if known)
Answer this question if the interest rate type is floating or indexed and your response to the previous question is “Yes”.
Answer “Unknown” if the date is not known at this time. | Expected to be 29 April 2026 |
| | S128F of the Income Tax Assessment Act status applicable to the +security
Select one item from the list
For financial products which are likely to give rise to a payment to which s128F of the Income Tax Assessment Act applies, ASX requests issuers to confirm the s128F status of the security:
• “s128F exempt” means interest payments are not taxable to non-residents;
• “Not s128F exempt” means interest payments are taxable to non-residents;
• “s128F exemption status unknown” means the issuer is unable to advise the status;
“Not applicable” means s128F is not applicable to this security | ☑ s128F exempt
☐ Not s128F exempt
☐ s128F exemption status unknown
☐ Not applicable |
| | Is the +security perpetual (i.e. no maturity date)? | Yes |
| | Maturity date
Answer this question if the security is not perpetual | N/A |
| | *Select other features applicable to the +security
Up to 4 features can be selected. Further information is available in the Guide to the Naming Conventions and Security Descriptions for ASX Quoted Debt and Hybrid Securities. | ☐ Simple
☑ Subordinated
☐ Secured
☐ Converting
☑ Convertible
☐ Transformable
☑ Exchangeable
☐ Cumulative
☑ Non-Cumulative
☑ Redeemable
☐ Extendable
☐ Reset
☐ Step-Down
☐ Step-Up
☐ Stapled
☐ None of the above |

• See chapter 19 for defined terms
  5 February 2024
  Page 15

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Appendix 3B
Proposed issue of securities

	*Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)?	Yes
	*If yes, what is the first trigger date
Answer this question if your response to the previous question is “Yes”.	First Optional Exchange on 17 June 2032
	*Details of the number and type of +security (including its ASX security code if the +security is quoted on ASX) that will be issued if the +securities are converted, transformed or exchanged (including, if applicable, any interest)
Answer this question if the security features include “converting”, “convertible”, “transformable” or “exchangeable”.
For example, if the security can be converted into 1,000 fully paid ordinary shares with ASX security code ABC, please insert “1,000 fully paid ordinary shares (ASX:ABC)”.	Wholesale Capital Notes convert to ordinary shares under certain circumstances, in line with the Terms of Capital Notes (refer to the Information Memorandum dated 24 April 2026).

Introduced 01/12/19; amended 31/01/20; 18/07/20; 05/06/21; 05/02/24

• See chapter 19 for defined terms
  5 February 2024