Investor Presentaiton

Transaction details ▸ BOQ acquiring Virgin Money Australia (VMA) from the Virgin Group Total purchase price of $40m, including ~$30m in BOQ shares (1) (subject to a 12 month lock-up) Agreement with the Virgin Group for the exclusive use of the Virgin Money brand in Australia for up to 40 years in return for an ongoing royalty Virgin Group nominee to take up BOQ Board position and joint Advisory Committee established to oversee the business ▸ To operate as a standalone business within the BOQ Group, with highly experienced financial services executive Brian Bissaker appointed as CEO VMA ▸ Acquired business expected to become EPS accretive during the second full year of ownership ▸ Expected completion date 30 April 2013 2 (1) After the payout of VMA obligations, ~$30m in shares will be issued to a subsidiary of the Virgin Group soon after completion as part of the acquisition consideration. The final amount is subject to post-completion adjustments. The number of shares issued will be based upon the volume weighted average price of BOQ in the 30 trading days prior to the date of the agreement. Bank of Queensland Limited ABN 32 009 656 740 Virgin money BOQ Your own personal bank

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