Investor Presentaiton

Capital Notes 3 key features Mandatory Conversion The Mandatory Conversion Date will be 17 June 2028, provided the Mandatory Conversion Conditions have been satisfied on that date. If any of the Mandatory Conversion Conditions are not satisfied on this date, then the Mandatory Conversion Date will be the next Distribution Payment Date on which all such conditions are satisfied Capital Notes 3 may remain on issue indefinitely and may never Convert into Ordinary Shares if the Mandatory Conversion Conditions are not satisfied On the Mandatory Conversion Date, Holders will receive approximately $101 of Ordinary Shares for each Capital Note 3 The following diagram illustrates the operation of the conditions: -25 Business Days 12 May 2028 - 20 Business Days 19 May 2028 - 1 Business Day 16 June 2028 Scheduled Mandatory Conversion Date 17 June 2028 20 Business Day VWAP Period First Mandatory Conversion Condition Second Mandatory Conversion Condition Third Mandatory Conversion Condition 2 VWAP > 55% of Issue Date VWAP VWAP > 50.5050% of Issue Date VWAP Ordinary Shares are quoted on ASX Conversion Number = Issue Price 99% x VWAP The exact number of Ordinary Shares to be received depends on the VWAP of Ordinary Shares. The VWAP during the 20 Business Days on which trading in Ordinary Shares took place immediately preceding (but not including) the Mandatory Conversion Date that is used to calculate the number of Ordinary Shares that Holders receive will most likely differ from the Ordinary Share price on or after the Mandatory Conversion Date. This means that the value of Ordinary Shares received may be worth more or less than approximately $101 per Capital Note 3. Issue Date VWAP = VWAP during the 20 Business Days on which trading in Ordinary Shares took place immediately preceding the Issue Date. Notes: 1 2 SUNCORP Capital Notes 3 20 20

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