Investor Presentaiton

3 A compelling transaction for BOQ shareholders 1 ▸ Established challenger brand opportunity in a market which lacks exciting alternatives Combining traditional banking management strength with a new world customer and distribution business VMA's proven online expertise removes execution risk of building capability 2 Consumer preferences shifting towards technology Accelerates BOQ's ability to acquire customers through alternative channels, including online Extends BOQ's reach into currently untapped, complementary market segments 3 Two-thirds of customer base is young affluent professionals/young growing families 4 5 Increased geographic diversification Gives BOQ the opportunity to manufacture banking products to be marketed under the VMA brand Opportunity to deliver savings products, mortgages, SME lending, etc Opportunity to significantly uplift VMA customer cross sell ▸ Provides a low risk, high potential growth avenue into the wealth space Bank of Queensland Limited ABN 32 009 656 740 Virgin money BOQ Your own personal bank

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