Bank of Queensland : BOQPD CPS Pro Rata Dividend

Bank of Queensland Limited

ABN 32 009 656 740

100 Skyring Terrace, Newstead QLD 4006

GPO Box 898, Brisbane QLD 4001

Telephone (07) 3212 3333

Facsimile (07) 3212 3409www.boq.com.au

ASX RELEASE

13 December 2017

BOQPD Pro-Rata Dividend

As outlined in the replacement prospectus dated 30 November 2017 (Prospectus), Bank of Queensland Limited (BOQ) intends to pay a Pro-Rata Dividend to Eligible CPS Holders who successfully apply under the Reinvestment Offer.

The Pro-Rata Dividend of $0.98 per Reinvestment CPS will be paid on 28 December 2017 (subject to the payment tests in the CPS Terms). The Pro-Rata Dividend will be fully franked.

Holders of CPS that are not reinvested in Capital Notes under the Reinvestment Offer will not receive the Pro-Rata Dividend.

Attached to this announcement is an Appendix 3A.1 (Notification of dividend / distribution) providing details of the Pro-Rata Dividend.

For more information contact:

Definitions

Unless otherwise defined, capitalised words used in this announcement have the meaning given to them in the Prospectus.

Disclaimer

This announcement does not constitute an offer of any securities (including Capital Notes or CPS) for sale or issue. No action has been taken to register or qualify Capital Notes or the Offer or to otherwise permit a public offering of Capital Notes outside Australia. In particular, this announcement does not constitute an offer of securities for sale in the United States. Neither the Capital Notes nor the Ordinary Shares have been or will be registered under the US Securities Act or the securities laws of any state of the United States, and they may not be offered or sold in the United States or to, or for the account or benefit of, a US Person.