SUNCORP GROUP LIMITED — Major Shareholding Notification 2015

Dec 8, 2015

605 page 1/2 15 July 2001

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme SUNCORP GROUP LTD ACN/ARSN 145 290 124

1. Details of substantial holder(1)

Name BlackRock Group (BlackRock Inc. and subsidiaries named in Annexures

ACN/ARSN (if applicable) to this form)

The holder ceased to be a substantial holder on The previous notice was given to the company on The previous notice was dated	/ / / / / / 07 12 2015 16 11 2015 12 11 2015

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change(5)	Class (6) and number of securities affected	Person's votes affected
	Annexure A & C

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

4. Addresses

The addresses of persons named in this form are as follows:

	Name		Address
	Annexure B
Signature
	print name	Kayla McGrory		capacity	*Authorised Signatory
	sign here			date	09	/	12	/	2015

• At a meeting of the Board on 22 November 2013, the Directors resolved to approve the delegation of the preparation and lodgement of substantial shareholder notices on behalf of BlackRock Investment Management (Australia) Limited.

605 page 2/2 15 July 2001

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

(4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure A

This is Annexure A of 4 pages referred to in form 605 Notice of ceasing to be a substantial shareholder

Kayla McGrory, Authorised Signatory

09-Dec-15 Date

2. Changes in relevant interests

SUNCORP GROUP LTD (SUN)

Date of Change	Person whose relevant interest changed	Nature of change Consideration given in change (5)	(4) / relation to	Class (6) and number of securities affected	Class (6) and number of securities affected	Person's votes affected
13-Nov-15	BlackRock Advisors(UK)Limited	on mkt buy	12.85	ord	23,402	23,402
13-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	-6,680	-6,680
13-Nov-15	BlackRock Financial Management,	on mkt buy	12.87	ord	82,974	82,974
	Inc.
16-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	-6,680	-6,680
16-Nov-15	BlackRock Investment Management	on mkt sell	12.76	ord	-4,887	-4,887
	(Australia)Limited
16-Nov-15	BlackRock Investment Management	on mkt sell	12.76	ord	-678	-678
	(Australia)Limited
16-Nov-15	BlackRock Japan Co.,Ltd.	on mkt sell	12.63	ord	-293	-293
16-Nov-15	BlackRock Advisors(UK)Limited	on mkt sell	12.74	ord	-5,058	-5,058
16-Nov-15	BlackRock Advisors(UK)Limited	on mkt buy	12.74	ord	5,078	5,078
16-Nov-15	BlackRock Investment Management	on mkt buy	12.76	ord	992	992
	(Australia)Limited
16-Nov-15	BlackRock Institutional Trust	on mkt buy	12.74	ord	1,238	1,238
	Company,National Association
17-Nov-15	BlackRock Institutional Trust	on mkt sell	13.03	ord	-9,496	-9,496
	Company,National Association
17-Nov-15	BlackRock Institutional Trust	on mkt sell	13.03	ord	-15,375	-15,375
	Company,National Association
17-Nov-15	BlackRock Advisors(UK)Limited	on mkt sell	13.03	ord	-438	-438
17-Nov-15	BlackRock Investment Management	on mkt buy	13.03	ord	4,994	4,994
	(Australia)Limited
18-Nov-15	BlackRock Financial Management,	on mkt buy	13.13	ord	7,171	7,171
	Inc.
18-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	4,152	4,152
18-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	-18,210	-18,210
18-Nov-15	BlackRock Advisors(UK)Limited	on mkt buy	13.17	ord	325	325
18-Nov-15	BlackRock Advisors(UK)Limited	on mkt buy	13.17	ord	2,275	2,275
18-Nov-15	BlackRock Advisors(UK)Limited	on mkt sell	13.17	ord	-8,877	-8,877
18-Nov-15	BlackRock Institutional Trust	on mkt buy	13.13	ord	5,961	5,961
	Company,National Association
18-Nov-15	BlackRock Institutional Trust	on mkt buy	13.13	ord	6,623	6,623
	Company,National Association
18-Nov-15	BlackRock Institutional Trust	on mkt buy	13.13	ord	3,705	3,705
	Company,National Association
18-Nov-15	BlackRock Institutional Trust	on mkt buy	13.13	ord	36,874	36,874
	Company,National Association
18-Nov-15	BlackRock Institutional Trust	on mkt buy	13.13	ord	37,110	37,110
	Company,National Association
18-Nov-15	BlackRock Institutional Trust	in specie	n/a	ord	-32,427	-32,427
	Company,National Association
18-Nov-15	BlackRock Asset Management	on mkt buy	13.17	ord	4,067	4,067
	Deutschland AG
18-Nov-15	BlackRock Institutional Trust	on mkt buy	13.13	ord	19,231	19,231
	Company,National Association
18-Nov-15	BlackRock Advisors,LLC	on mkt buy	13.13	ord	7,847	7,847
18-Nov-15	BlackRock Institutional Trust	on mkt buy	13.17	ord	11,453	11,453
	Company,National Association
18-Nov-15	BlackRock Institutional Trust	on mkt buy	13.13	ord	5,183	5,183
	Company,National Association
19-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	15,008	15,008
19-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	1,114	1,114
19-Nov-15	BlackRock Investment Management	on mkt sell	13.38	ord	-1,762	-1,762
	(Australia)Limited
19-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	-9,602	-9,602
19-Nov-15	BlackRock Fund Advisors	on mkt buy	13.38	ord	15,676	15,676

SUN

page 1 of 4

Date of Change	Person whose relevant interest changed	Nature of change Consideration given in change (5)	(4) / relation to	Class (6) and number of securities affected	Class (6) and number of securities affected	Person's votes affected
19-Nov-15	BlackRock Asset Management	in specie	n/a	ord	4,429	4,429
	Canada Limited
20-Nov-15	BlackRock Advisors(UK)Limited	on mkt sell	13.41	ord	-11,701	-11,701
20-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	-7,280	-7,280
20-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	-20,040	-20,040
20-Nov-15	BlackRock Japan Co.,Ltd.	on mkt sell	13.38	ord	-260	-260
20-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	642	642
20-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	4,920	4,920
23-Nov-15	BlackRock Advisors(UK)Limited	on mkt buy	13.53	ord	1,076	1,076
23-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	-10,020	-10,020
23-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	-1,670	-1,670
23-Nov-15	BlackRock Investment Management	on mkt sell	13.51	ord	-11,666	-11,666
	(Australia)Limited
23-Nov-15	BlackRock Investment Management	on mkt buy	13.53	ord	3,190	3,190
	(Australia)Limited
23-Nov-15	BlackRock Financial Management,	in specie	n/a	ord	909,509	909,509
	Inc.
23-Nov-15	BlackRock Institutional Trust	in specie	n/a	ord	6,404	6,404
	Company,National Association
24-Nov-15	BlackRock Advisors(UK)Limited	on mkt buy	13.53	ord	1,614	1,614
24-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	-8,350	-8,350
24-Nov-15	BlackRock Advisors(UK)Limited	on mkt buy	13.53	ord	975	975
24-Nov-15	BlackRock Institutional Trust	on mkt buy	13.56	ord	7,046	7,046
	Company,National Association
24-Nov-15	BlackRock Institutional Trust	on mkt buy	13.56	ord	7,044	7,044
	Company,National Association
24-Nov-15	BlackRock Institutional Trust	on mkt buy	13.56	ord	8,758	8,758
	Company,National Association
24-Nov-15	BlackRock Advisors(UK)Limited	on mkt buy	13.53	ord	5,058	5,058
24-Nov-15	BlackRock Financial Management,	on mkt buy	13.53	ord	27,534	27,534
	Inc.
24-Nov-15	BlackRock Advisors(UK)Limited	on mkt buy	13.53	ord	2,248	2,248
25-Nov-15	BlackRock Investment Management	on mkt sell	13.44	ord	-11,113	-11,113
	(Australia)Limited
25-Nov-15	BlackRock Investment Management	on mkt sell	13.44	ord	-742	-742
	(Australia)Limited
25-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	-18,213	-18,213
25-Nov-15	BlackRock Asset Management North	collateral transfer	n/a	ord	184,490	184,490
	Asia Limited
26-Nov-15	BlackRock Investment Management	on mkt buy	13.50	ord	136,086	136,086
	(Australia)Limited
27-Nov-15	BlackRock Advisors(UK)Limited	on mkt sell	13.47	ord	-35,115	-35,115
27-Nov-15	BlackRock Fund Advisors	on mkt buy	13.47	ord	11,064	11,064
30-Nov-15	BlackRock Institutional Trust	on mkt sell	13.39	ord	-4,670	-4,670
	Company,National Association
30-Nov-15	BlackRock(Netherlands)B.V.	on mkt sell	13.39	ord	-2,459	-2,459
30-Nov-15	BlackRock Investment Management,	on mkt sell	13.39	ord	-16,435	-16,435
	LLC
30-Nov-15	BlackRock Advisors(UK)Limited	on mkt buy	13.52	ord	45,660	45,660
30-Nov-15	BlackRock Advisors(UK)Limited	on mkt sell	13.39	ord	-6,002	-6,002
30-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	-6,680	-6,680
30-Nov-15	BlackRock Fund Advisors	on mkt sell	13.39	ord	-35,856	-35,856
30-Nov-15	BlackRock Fund Advisors	in specie	n/a	ord	-11,834	-11,834
30-Nov-15	BlackRock Fund Advisors	on mkt sell	13.39	ord	-54,684	-54,684
30-Nov-15	BlackRock Advisors(UK)Limited	on mkt sell	13.39	ord	-6,297	-6,297
30-Nov-15	BlackRock Investment Management	on mkt sell	13.39	ord	-20,110	-20,110
	(UK)Limited
30-Nov-15	BlackRock Institutional Trust	on mkt sell	13.39	ord	-25,189	-25,189
	Company,National Association
30-Nov-15	BlackRock Institutional Trust	on mkt sell	13.39	ord	-1,568	-1,568
	Company,National Association
30-Nov-15	BlackRock Institutional Trust	on mkt sell	13.39	ord	-47,950	-47,950
	Company,National Association
30-Nov-15	BlackRock Institutional Trust	on mkt sell	13.39	ord	-14,000	-14,000
	Company,National Association
30-Nov-15	BlackRock Japan Co.,Ltd.	on mkt buy	13.47	ord	1	1
30-Nov-15	BlackRock Institutional Trust	on mkt sell	13.39	ord	-894	-894
	Company,National Association
30-Nov-15	BlackRock Institutional Trust	on mkt sell	13.39	ord	-62,023	-62,023
	Company, National Association

SUN

page 2 of 4

Date of Change	Person whose relevant interest changed	Nature of change Consideration given in change (5)	(4) / relation to	Class (6) and number of securities affected	Class (6) and number of securities affected	Person's votes affected
30-Nov-15	BlackRock Advisors(UK)Limited	on mkt sell	13.39	ord	-9,014	-9,014
30-Nov-15	BlackRock Advisors(UK)Limited	on mkt sell	13.39	ord	-7,374	-7,374
30-Nov-15	BlackRock Advisors(UK)Limited	on mkt sell	13.39	ord	-4,916	-4,916
30-Nov-15	BlackRock Investment Management	on mkt buy	13.39	ord	853	853
	(Australia)Limited
30-Nov-15	BlackRock(Netherlands)B.V.	on mkt sell	13.39	ord	-3,720	-3,720
30-Nov-15	BlackRock Investment Management	on mkt sell	13.39	ord	-11,699	-11,699
	(Australia)Limited
30-Nov-15	BlackRock(Netherlands)B.V.	on mkt buy	13.39	ord	3,892	3,892
30-Nov-15	BlackRock Investment Management	on mkt sell	13.39	ord	-2,465	-2,465
	(UK)Limited
30-Nov-15	BlackRock Institutional Trust	on mkt sell	13.39	ord	-8,259	-8,259
	Company,National Association
30-Nov-15	BlackRock Institutional Trust	on mkt sell	13.39	ord	-3,459	-3,459
	Company,National Association
30-Nov-15	BlackRock Asset Management	on mkt buy	13.39	ord	1,599	1,599
	Canada Limited
30-Nov-15	BlackRock Asset Management	on mkt sell	13.39	ord	-47,001	-47,001
	Canada Limited
30-Nov-15	BlackRock Asset Management	in specie	n/a	ord	45,660	45,660
	Canada Limited
30-Nov-15	BlackRock Advisors(UK)Limited	on mkt sell	13.39	ord	-3,263	-3,263
30-Nov-15	BlackRock Financial Management,	on mkt buy	13.39	ord	20,456	20,456
	Inc.
30-Nov-15	BlackRock Institutional Trust	on mkt sell	13.39	ord	-11,226	-11,226
	Company,National Association
30-Nov-15	BlackRock Financial Management,	on mkt buy	13.39	ord	13,895	13,895
	Inc.
30-Nov-15	BlackRock Investment Management	on mkt buy	13.39	ord	1,172	1,172
	(UK)Limited
30-Nov-15	BlackRock Fund Advisors	on mkt sell	13.39	ord	-22,176	-22,176
01-Dec-15	BlackRock Investment Management	on mkt sell	13.66	ord	-4,778	-4,778
	(Australia)Limited
01-Dec-15	BlackRock Institutional Trust	in specie	n/a	ord	-20,201	-20,201
	Company,National Association
01-Dec-15	BlackRock Advisors(UK)Limited	on mkt buy	13.72	ord	634	634
01-Dec-15	BlackRock Institutional Trust	on mkt sell	13.72	ord	-1,599	-1,599
	Company,National Association
01-Dec-15	BlackRock Institutional Trust	in specie	n/a	ord	59,849	59,849
	Company,National Association
01-Dec-15	BlackRock Investment Management	in specie	n/a	ord	-804,382	-804,382
	(Australia)Limited
02-Dec-15	BlackRock Fund Advisors	in specie	n/a	ord	7,504	7,504
02-Dec-15	BlackRock Fund Advisors	in specie	n/a	ord	-8,350	-8,350
02-Dec-15	BlackRock Fund Advisors	in specie	n/a	ord	557	557
02-Dec-15	BlackRock Advisors(UK)Limited	on mkt sell	13.68	ord	-437	-437
02-Dec-15	BlackRock Fund Advisors	in specie	n/a	ord	-9,602	-9,602
02-Dec-15	BlackRock Advisors(UK)Limited	on mkt buy	13.68	ord	1,300	1,300
02-Dec-15	BlackRock Investment Management	on mkt sell	13.68	ord	-18,584	-18,584
	(UK)Limited
02-Dec-15	BlackRock Asset Management North	collateral transfer	n/a	ord	-128,490	-128,490
	Asia Limited
03-Dec-15	BlackRock Fund Advisors	in specie	n/a	ord	-11,834	-11,834
03-Dec-15	BlackRock Investment Management	on mkt sell	13.54	ord	-12,470	-12,470
	(Australia)Limited
03-Dec-15	BlackRock Asset Management	on mkt buy	13.55	ord	4,654	4,654
	Deutschland AG
03-Dec-15	BlackRock Advisors(UK)Limited	in specie	n/a	ord	-2,456	-2,456
03-Dec-15	BlackRock Advisors(UK)Limited	on mkt buy	13.55	ord	4,912	4,912
03-Dec-15	BlackRock Fund Advisors	on mkt sell	13.53	ord	-210	-210
03-Dec-15	BlackRock Asset Management	on mkt buy	13.55	ord	813	813
	Canada Limited
03-Dec-15	BlackRock Investment Management	on mkt sell	13.54	ord	-997	-997
	(Australia)Limited
03-Dec-15	BlackRock Investment Management	on mkt sell	13.54	ord	-1,013	-1,013
	(Australia)Limited
03-Dec-15	BlackRock Institutional Trust	on mkt buy	13.55	ord	6,949	6,949
	Company,National Association
03-Dec-15	BlackRock Asset Management North	collateral transfer	n/a	ord	-55,994	-55,994
	Asia Limited

SUN

page 3 of 4

Date of Change	Person whose relevant interest changed	Nature of change Consideration given in change (5)	(4) / relation to	Class (6) and number of securities affected	Class (6) and number of securities affected	Person's votes affected
04-Dec-15	BlackRock Advisors(UK)Limited	on mkt buy	13.41	ord	3,371	3,371
04-Dec-15	BlackRock Fund Advisors	in specie	n/a	ord	-10,020	-10,020
04-Dec-15	BlackRock Advisors(UK)Limited	on mkt buy	13.41	ord	3,575	3,575
04-Dec-15	BlackRock Advisors(UK)Limited	on mkt sell	13.41	ord	-4,753	-4,753
04-Dec-15	BlackRock Institutional Trust	on mkt buy	13.41	ord	8,538	8,538
	Company,National Association
04-Dec-15	BlackRock Advisors(UK)Limited	on mkt buy	13.41	ord	377	377
04-Dec-15	BlackRock Fund Advisors	in specie	n/a	ord	9,588	9,588
04-Dec-15	BlackRock Fund Advisors	on mkt buy	13.41	ord	11,374	11,374
07-Dec-15	BlackRock Fund Advisors	in specie	n/a	ord	15,008	15,008
07-Dec-15	BlackRock Investment Management	on mkt sell	13.57	ord	-71,066	-71,066
	(Australia)Limited
07-Dec-15	BlackRock Investment Management	on mkt sell	13.52	ord	-40,901	-40,901
	(Australia)Limited
07-Dec-15	BlackRock Investment Management	on mkt sell	13.52	ord	-148,554	-148,554
	(Australia)Limited
07-Dec-15	BlackRock Institutional Trust	in specie	n/a	ord	-4,569	-4,569
	Company,National Association
07-Dec-15	BlackRock Fund Advisors	on mkt buy	13.61	ord	1,296	1,296
07-Dec-15	BlackRock Institutional Trust	in specie	n/a	ord	4,569	4,569
	Company,National Association
07-Dec-15	BlackRock Investment Management	on mkt buy	13.52	ord	4,221	4,221
	(Australia)Limited
07-Dec-15	BlackRock Asset Management North	collateral transfer	n/a	ord	23,565	23,565
	Asia Limited

SUN

page 4 of 4

Annexure B

This is Annexure B of 1 pages referred to in form 605 Notice of ceasing to be a substantial shareholder

09-Dec-15

Kayla McGrory, Date Authorised Signatory

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
BlackRock Group
BlackRock Inc.	55 East 52nd Street
	New York NY 10055 USA
BlackRock (Netherlands) B.V.	Rembrandt Tower, 17th floor
	Amstelplein
	Amsterdam Netherlands
BlackRock Advisors (UK) Limited	12 Throgmorton Avenue.
	London, EC2N 2DL,
	United Kingdom
BlackRock Advisors, LLC	1209 Orange Street,
	Wilmington, New Castle County,
	Delaware 19801,United States
BlackRock Asset Management Canada Limited	161 Bay Street, Suite 2500
	Toronto, Ontario M5J 2S1
	Canada
BlackRock Asset Management Deutschland AG	Max-Joseph-Straße 6
	D-80333 Munich,Germany
BlackRock Asset Management North Asia Limited	16/F, Cheung Kong Center
	No. 2 Queen’s Road Central
	HongKong
BlackRock Financial Management, Inc.	1209 Orange Street,
	Wilmington, New Castle County,
	Delaware 19801,United States
BlackRock Fund Advisors	400 Howard Street
	San Francisco, CA, 94105
	United States
BlackRock Institutional Trust Company, National	1225 17th Street,
Association	Suite 300,
	Denver,CO 80202(Colorado,USA)
BlackRock Investment Management (Australia) Limited	Level 26, 101 Collins Street
	Melbourne VIC 3000
	Australia(Victoria,Australia)
BlackRock Investment Management (UK) Limited	12 Throgmorton Avenue
	London EC2N 2DL
	United Kingdom
BlackRock Investment Management, LLC	1209 Orange Street,
	Wilmington, New Castle County,
	Delaware 19801,United States
BlackRock Japan Co., Ltd.	Marunouchi Trust Tower Main,
	1-8-3 Marunouchi,
	Chiyoda-ku,Tokyo 100-8217(Japan)

SUN

page 1 of 1

Annexure C

This is Annexure C of 1 page referred to in form 605 Notice of ceasing to be a substantial shareholder

09-Dec-15 Kayla McGrory, Authorised Signatory Date	09-Dec-15 Kayla McGrory, Authorised Signatory Date
Type of agreement:	Global Master Securities Lending Agreement
Parties to agreement:	Party A - Citigroup Global Markets Limited Party B - HSBC Institutional Trust Services (Asia) Limited
Transfer date:	Refer to Annexure A (transactions identified as collateral transfers)
Holder of voting rights:	BlackRock Asset Management North Asia Limited (as investment manager for the funds)
Are there any restrictions on voting rights? If yes, detail	Yes. Unless otherwise agreed between the parties, the Registered Owner will not exercise any voting rights.
Scheduled return date (if any):	Not applicable.
Does the borrower have the right to return early? If yes, detail	Yes. Upon an Event of Default under the GMSLA, the GMSLA provides, broadly, that both parties payment and delivery obligations will be accelerated and replaced with an obligation of one party to pay a single cash sum to the other determined in accordance with the provisions of the GMSLA (as modified by the Annex). The GMSLA provides that the parties’ right to terminate the Agreement upon notice will not affect the parties’ existing obligations in respect of any outstanding loans of securities. The Annex amended and restricted the Borrower's termination rights – i.e. Borrower may not have the right to terminate and return the borrowed securities - as the Borrower was to borrow the securities issued by it (or its sister company) to provide protection against the insolvency of the issuer and so usual rights of termination in a GMSLA were restricted. Subject to the terms of the relevant Loan, the Borrower, may early terminate a Loan and return Equivalent Securities at any time provided that it “shall cease to have such entitlement if an Act of Insolvency with respect to any Security Issuer or any of the Borrower’s or any Security Issuer’s affiliates has occurred, or any such person takes any steps preparatory to any of the matters which would constitute an Act of Insolvency
Does the lender have the right to recall early? If yes, detail	Yes, at notice.
Will the securities be returned on settlement? If yes, detail any exceptions	Yes.

A copy of this agreement will be provided to SUNCORP GROUP LTD or the Australian Securities and Investments Commission upon request.

SUN Page 1 of 1