Investor Presentaiton

Pro forma capital adequacy position1 As at 30 June 2019 $ million Suncorp Group Total as at 30 June 2019 Pro forma adjustment for capital return² (506) Pro forma adjustments for the Offer³ Pro forma adjustments for CPS3 Reinvestment4 Pro forma as at 30 June 20194 CET1 Capital 7,341 (6) 6,829 Additional Tier 1 Capital 1,150 250 (200) 1,200 Tier 2 Capital 1,358 1,358 Total Capital 9,849 (506) 244 (200) 9,387 Excess to CET1 Capital Target (ex 990 (506) (6) 0 478 dividend) Excess Total Capital to target (ex 1,377 (506) 244 (200) 915 dividend) Notes: 1 For more information on the pro forma capital adequacy position and the relevant assumptions and adjustments, see Section 4.5 of the Prospectus. 2 This adjustment reflects the return of capital to ordinary shareholders completed in October 2019, as outlined in Section 3.2.3 of the Prospectus. 3 4 These adjustments assume $250 million Capital Notes 3 were issued on 30 June 2019, net of issue transaction costs of $6 million, and net of $200 million of CPS3 reinvested as described in Note 4. The actual issue amount may be more or less than $250 million and, consequently, the issue transaction costs may be more or less than $6 million. Under the Amendments to the CPS3 Terms approved by the Directors, holders of the existing $400 million CPS3 may elect to reinvest the proceeds of their existing CPS3 in the new Capital Notes 3 instrument. The adjustment assumes that $200 million CPS3 are reinvested in the new instrument. The amount reinvested may be more or less than this amount. SUNCORP Capital Notes 3 14

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