Investor Presentaiton

Capital Notes 3 key features Summary of events that may affect Capital Notes 3 Note: For more information on the events that may affect Capital Notes 3 see Sections 1.2 and 2.2-2.5 of the Prospectus. SUNCORP Capital Notes 3 Issue Date 17 December 2019 Conversion You receive Ordinary Shares Optional Exchange Date 17 June 2026 17 June 2028 Mandatory Conversion Date Each Distribution Payment Date after 17 June 2028 If Suncorp chooses, and certain conditions are met. Capital Notes 3 will be Converted, Redeemed or Resold on this date If the Mandatory Conversion Conditions are met, Capital Notes 3 will be Converted on this date If Conversion does not occur on 17 June 2028, then it will occur on the first Distribution Payment Date after the date on which the Mandatory Conversion Conditions are met Redemption You receive the Issue Price in cash from Suncorp Resale You receive the Issue Price in You receive Ordinary Shares cash from a nominated third party purchaser Events that could occur at any time Tax Event or Regulatory Event Conversion, Redemption or Resale at Suncorp's option, if certain conditions are met Potential Acquisition Event or Acquisition Event Conversion at Suncorp's option, if certain conditions are met, in the case of a Potential Acquisition Event, or automatic Conversion, if certain conditions are met, in the case of an Acquisition Event Non-Viability Trigger Event Automatic Conversion or, if Conversion does not occur for any reason within five Business Days, Capital Notes 3 shall be Written-Off You receive Ordinary Shares Potentially perpetual 18

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