Investor Presentaiton

Capital position ($m) Capital management strategy Optimise shareholder value by managing the level, mix and use of capital resources Ensure sufficient capital resources to maintain and grow the business, in accordance with risk appetite Compliance with external capital requirements set and monitored by APRA and the RBNZ Sale of Capital S.M.A.R.T and ACM parts completed on 31 October 2019 Sale generates approximately $300m of excess CET1 CET1 As at 30 June 2019 SGL, Total GI² Bank² Life3 Corp as at Total as at Services 30 Jun 30 Jun & Consol 2019 2018 3,413 3,085 706 137 7,341 6,881 2,697 2,993 100 (10) 5,780 5,810 Excess to CET1 Target (pre div) Group Dividend 716 92 606 147 1,561 1,071 (571) (623) 990 448 CET1 Target Group Excess to CET1 Target (ex div) Common Equity Tier 1 Ratio 1.39x 9.28% Total Capital 4,533 4,473 706 137 9,849 9,585 Total Capital Target 3,677 4,157 100 (33) 7,901 7,952 Excess to Target (pre div) 856 316 606 170 1,948 1,633 Group Dividend Group Excess to Target (ex div) Total Capital Ratio¹ 1,377 (571) (623) 1,010 1.85x 13.45% Notes: 1 Capital ratios are expressed as coverage of the PCA for General Insurance and as a percentage of risk-weighted assets for the Bank. 2 The Bank and General Insurance targets are shown as the midpoint of the target operating ranges. 3 Life includes $506 million of capital that was returned to shareholders from the sale of the Australian Life Business as well as capital relating to the New Zealand Life Insurance business and the remaining Wealth business. - Suncorp Group expects to update the market on the use of these proceeds during FY20 SUNCORP Capital Notes 3 13

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