Investor Presentaiton

CAPITAL INVESTMENT INVESTMENT PRIORITISED ALONG STRATEGIC ROADMAP BOQD GROUP SUMMARY CAPITAL INVESTMENT ($M) • Capital investment of $100m in line with strategic roadmap 95 100 71 Investment spend focused on core 48 60 infrastructure modernisation and VMA digital bank 46 52 25 FY18 35 FY19 FY20 ■1H 2H • Reduction in software intangibles balance from: change to capitalisation threshold ($27m) amortisation acceleration and impairments arising from strategic changes ($50m) • 58 existing intangible assets SOFTWARE INTANGIBLE ASSET BALANCES ($M) -27 232 100 117 115 2H19 FY20 Software investment Capitalisation threshold change Strategic Changes ■Software intangible assets balance Bank of Queensland Limited 2020 Full Year Results Presentation -50 -39 216 121 95 Amortisation 2H20 Assets under construction 21

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