Investor Presentaiton

Replicating portfolio and uninvested capital and low cost deposits BOQ GROUP Summary › Replicating portfolio investment term moved from 3 years to 5 years in FY22 > Additional $1bn of uninvested low cost deposits were invested into the replicating portfolio early in 2H22 Replicating portfolio (%) 5% 4% 3% > $300m increase in uninvested low cost deposits due to transaction deposit growth 3M BBSW 2% > For every 25bps cash rate increase, the uninvested capital and low cost deposit portfolio increases NIM by c.0.5bps 1% RBA Official Cash Rate Replicating Portfolio Return 0% Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Aug-19 Feb-20 Aug-20 Feb-21 Aug-21 1H22 Balance 2H22 Balance ($bn) ($bn) 2H22 Avg. Return Exit Return Rate Feb-22 Aug-22 Investment Term Capital Low cost deposits Total Replicating Portfolio Uninvested capital and low cost deposit 3.9 3.9 1.17% 1.28% 5 yrs 3.3 4.3 1.50% 1.64% 5 yrs 7.2 8.2 1.34% 1.47% 5 yrs 2.9 2.2 0.84% 2.31% 3 mths1 BANK OF QUEENSLAND LIMITED 2022 Full Year Results Presentation (1) Invested at the overnight cash rate plus 3 month average of 3 month Bills OIS spread 73

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