Investor Presentaiton

Queensland's peers' credit ratings Australian Queensland Australian Capital Territory New South Wales Northern Territory South Australia Tasmania S&P Global AA+/Stable/A-1+ AAA/Negative/A-1+ AA+/Stable/A-1+ Not rated by S&P Rating agency Moody's Aa1/Stable/P-1 Rating withdrawn 20 August 2005 (from Aaa) Aaa/Stable/P-1 Aa3/Stable/-- AA+/Negative/A-1+ Aa1/Stable/P-1 AA+/Stable/A-1+ Aa2/Stable/P-1 Victoria AA/Stable/A-1+ Aa2/Stable/P-1 Western Australia AAA/Stable/A-1+ Aaa/Stable/P-1 As at 11 July 2023. According to information provided by S&P Global and Moody's. QTC 45

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