Suncorp : Appendix 3B

Name of entity

Suncorp Group Limited (SUN)

ABN

66 145 290 124

1

+Class of +securities issued or to be issued

Fully paid ordinary shares.

2

Number of +securities issued or to be issued (if known) or maximum number which may be issued

3,596,350

3

Principal terms of the

+securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if

+convertible securities, the conversion price and dates for conversion)

Fully paid ordinary shares issued on the same basis as all other fully paid ordinary shares.

4

Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

If the additional +securities do not rank equally, please state:

• the date from which they do

• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Yes, all issued shares will rank equally with existing fully paid ordinary shares from the date of issue.

5

Issue price or consideration

$12.81 per Share

6

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

Ordinary shares issued are in accordance with the terms and conditions of the SUN Dividend Reinvestment Plan.

6a

Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

No.

6b

The date the security holder resolution under rule 7.1A was passed

Not applicable.

6c

Number of +securities issued without security holder approval under rule 7.1

Not applicable.

6d

Number of +securities issued with security holder approval under rule 7.1A

Not applicable.

6e

Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

Not applicable.

6f

Number of +securities issued under an exception in rule 7.2

Not applicable.

6g

If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the

+issue date and both values. Include the source of the VWAP calculation.

Not applicable.

6h

If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

Not applicable.

6i

Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

Not applicable.

7

+Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

21 September 2016.

Number

+Class

8

Number and +class of all

+securities quoted on ASX (including the +securities in section 2 if applicable)

1,290,197,330

5,600,000

7,700,000

4,000,000

Fully Paid Ordinary Shares

CPS2

Unsecured Subordinated Notes

CPS3

Number

+Class

AAI Limited - 22,500

Subordinated Notes, which are convertible to Suncorp Group Limited Ordinary Shares in certain circumstances.

11

Is security holder approval required?

Not applicable.

12

Is the issue renounceable or non- renounceable?

Not applicable.

13

Ratio in which the +securities will be offered

Not applicable.

14

+Class of +securities to which the offer relates

Not applicable.

15

+Record date to determine entitlements

Not applicable.

16

Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

Not applicable.

17

Policy for deciding entitlements in relation to fractions

Not applicable.

18

Names of countries in which the entity has security holders who will not be sent new offer documents

Note: Security holders must be told how their entitlements are to be dealt with.

Cross reference: rule 7.7.

Not applicable.