ASX letter template (CJS0809.DOCX;1) QBE Insurance Group Limited ABN 28 008 485 014

Level 27, 8 Chifley Square, SYDNEY NSW 2000 Australia

GPO Box 82, Sydney NSW 2001

telephone + 612 9375 4444 • facsimile + 612 9231 6104

www.qbe.com
2 December 2014
The Manager
Market Announcements Office
ASX Limited
Level 4
Exchange Centre
20 Bridge Street, SYDNEY NSW 2000
Dear Sir/Madam,

RETIREMENT OF US$500 MILLION OF CONVERTIBLE SUBORDINATED DEBT SECURITIES DUE 23 DECEMBER 2038 (Convertible Notes)

QBE announces that it has successfully negotiated the repurchase of all of the
Convertible Notes for cash. Settlement of the repurchase is expected to occur on 5
December 2014.
The repurchase is a further step by QBE towards completing the capital plan it announced on 19 August 2014.
Yours faithfully

Peter Smiles

Deputy Company Secretary
distributed by