QBE Insurance Group Limited A BN 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

25 January 2017

The Manager

Market Announcements Office ASX Limited

Level 4

Exchange Centre 20 Bridge Street

SYDNEY NSW 2000

QBE

Amendments to QBE's Dividend Reinvestment Plan (DRP) and Bonus Share Plan (BSP)

In accordance with Listing Rule 3. 10.8, QBE advises that it has amended the rules to its

DRP and BSP. These changes are administrative in nature with minor updates, which all take effect from today .

Copies of the revised DRP and BSP rules are attached to this announcement.

Yours faithfully

Carolyn Scobie

Company Secretary

Dividend Reinvestment Plan QBE Insurance Group Limited ABN 28 008 485 014 January 2017 Contents

Features 2

FAQ's 3

Dividend Reinvestment Plan (DRP) rules 6

Definitions 15

Important Note

This is an important document

If you have any doubts as to what you should do, please consult your stockbroker, accountant or other professional adviser.

If you have any questions in relation to the Dividend Reinvestment Plan after reading this booklet, please contact the Share Registry.

Computershare Investor Services Pty Limited GPO Box 2975

Melbourne VIC 3001

www.computershare.com.au Tel: 1300 723 487 (Australia)

Tel: + 61 3 9415 4840 (International) Email: qbe@computershare.com.au

QBE DIVIDEND REINVESTMENT PLAN - JANUARY 2017

Features

  • A simple and convenient way of automatically reinvesting dividends in additional QBE Shares.

  • Shares Allocated under the DRP rank equally with existing ordinary Shares.

  • You do not have to appoint a stockbroker or pay fees, brokerage, goods and services tax or other transaction costs for Shares Allocated under the DRP.

  • Participation is voluntary. You can choose to reinvest all, part or none of your Dividend in the DRP.

  • You can choose to have less than your full Shareholding participating in the DRP, provided you specify the minimum number of Shares per registered holding for participation. Currently, Directors have specified 100 Shares as the minimum number. If you choose Partial Participation, you will receive a cash dividend or Bonus Share Plan (BSP) statement for the portion of your Shares not participating in the DRP.

  • You can join, withdraw or vary your participation in the DRP at any time. However, for your election to be valid for a particular Dividend, you will need to make sure you have returned your completed and signed DRP Application or Variation Form to the Share Registry by 5:00pm (Sydney time) on the DRP Election Date for that Dividend. If your form is not received by this time your instruction will then only apply to the next and subsequent Dividends.

  • DRP statements are sent to Shareholders shortly after the payment date of each Dividend. Details of the Dividend calculation and your participation are provided. You should retain this statement for tax purposes.

QBE DIVIDEND REINVESTMENT PLAN - JANUARY 2017

QBE Insurance Group Ltd. published this content on 25 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 January 2017 01:06:02 UTC.

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