SUNCORP GROUP LIMITED — Director's Dealing 2011

Feb 28, 2011

Change of Director’s Interest Notice

Appendix 3Y

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	SUNCORP GROUP LIMITED
ABN	66 145 290 124

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Ewoud Jacobus Kulk
Date of last notice	5 January 2011

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Director can exercise the right to vote and dispose of ordinary shares registered in the name of Kulk Investments Pty Limited ATF Kulk Super Fund
Date of change	1 March 2011
No. of securities held prior to change	64 Ordinary Shares - Ewoud J Kulk 20,109 Ordinary Shares - Kulk Investments Pty Limited ATF Kulk Super Fund Registered Scheme - Tyndall Australian Share Wholesale Portfolio (Tyndall Fund) (a related entity): �211,372 Ordinary Units
Class	Ordinary Units in the Tyndall Fund (a related entity)
Number acquired	N/A
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/A
No. of securities held after change	64 Ordinary Shares - Ewoud J Kulk 20,109 Ordinary Shares - Kulk Investments Pty Limited ATF Kulk Super Fund

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Change of Director’s Interest Notice

Appendix 3Y

There has been no change in the beneficial interests held by the director, however the units held by the director in the Tyndall Fund no longer Nature of change represent a “notifiable interest” under Section 250G of the Corporations Example: on-market trade, off-market trade, Act. exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back This change has occurred because Tyndall Investment Management Limited, the Responsible Entity for the Tyndall Fund ceased to be a related body corporate of Suncorp Group Limited effective 1 March 2011.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms. Appendix 3Y Page 2

01/01/2011