Notification of dividend / distribution

Announcement Summary

Entity name

SUNCORP GROUP LIMITED

Security on which the Distribution will be paid

SUNPF - CAP NOTE 3 DEFERRED SETTLEMENT

Announcement Type

New announcement

Date of this announcement

Monday May 8, 2017

Distribution Amount

AUD 1.52190000

Ex Date

Friday September 1, 2017

Record Date

Monday September 4, 2017

Payment Date

Monday September 18, 2017

Additional Information

The Distribution Rate on SUNPF was determined using the following formula: (Bank Bill Rate + Margin) x (1 - Tax Rate)

as follows:

Bank Bill Rate is the 90 day Bank Bill Rate on 5 May 2017: 1.7350%

+ Margin: 4.1000% pa

= 5.8350% pa

x (1 - Tax Rate): 0.70

= Distribution Rate: 4.0845% pa

The cash amount of the Distribution was calculated as follows:

Distribution Rate: 4.0845% pa x Face Value: AUD 100

x days in Distribution Period: 136

/ 365

= cash amount of Distribution: AUD 1.5219, fully franked.

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

  1. Name of +Entity

    SUNCORP GROUP LIMITED

  2. Registered Number Type

    ABN

    66145290124

    Registration Number

  3. ASX issuer code

    SUN

  4. The announcement is

    New announcement

  5. Date of this announcement

    Monday May 8, 2017

  6. ASX +Security Code

SUNPF

ASX +Security Description

CAP NOTE 3 DEFERRED SETTLEMENT

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of one quarter

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Sunday September 17, 2017

2A.4 +Record Date

Monday September 4, 2017

2A.5 Ex Date

Friday September 1, 2017

2A.6 Payment Date

Monday September 18, 2017

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

Security holder approval Court approval

Lodgement of court order with +ASIC ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 1.52190000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?

No

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We do not have a securities plan for dividends/distributions on this security

2A.12 Does the +entity have tax component information apart from franking?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

3A.1b Ordinary Dividend/distribution amount per security

AUD 1.52190000

3A.2 Is the ordinary dividend/distribution franked?

Yes

3A.3 Percentage of ordinary dividend/distribution that is franked 100.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

AUD 1.52190000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount

AUD 0.00000000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

AUD 0.00000000

Estimated or Actual?

Actual

3A.1a Ordinary dividend/distribution estimated amount per +security

AUD

3A.2a Is the ordinary dividend/distribution fully franked?

Yes

3A.3a Applicable corporate tax rate for franking credit (%)

30.0000 %

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

Part 3D - Preference +security distribution rate details

3D.1 Start date of payment period

Friday May 5, 2017

3D.2 End date of payment period

Sunday September 17, 2017

3D.3 Date dividend/distribution rate is set (optional)

Friday May 5, 2017

3D.4 Describe how the date that dividend/distribution rate is set is determined

The first business day of the distribution period.

3D.5 Number of days in the dividend/distribution period

136

3D.6 Dividend/distribution base rate (pa)

1.7350 %

3D.7 Comments on how dividend/distribution base rate is set

This is the 90 Day Bank Bill Rate on the first day of the period.

3D.8 Dividend/distribution margin

4.1000 %

3D.9 Comments on how dividend/distribution margin is set

Margin is defined in the Suncorp Capital Notes Prospectus dated 4 April 2017.

3D.10 Any other rate / multiplier used in calculating dividend/distribution rate

-1.7505 %

3D.11 Comments on how other rate used in calculating dividend/distribution rate is set

Other rate = A - B where:

A = (Bank Bill Rate + Margin) x (1 - tax rate of 30%) B = (Bank Bill Rate + Margin)

3D.12 Total dividend/distribution rate for the period (pa)

4.0845 %

3D.13 Comment on how total distribution rate is set

Total Distribution Rate = (Distribution Base Rate + Distribution Margin) x (1 - tax rate of 30%)

Part 5 - Further information

Suncorp Group Ltd. published this content on 08 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 May 2017 02:49:20 UTC.

Original documenthttp://www.suncorpgroup.com.au/announcements-pdf/913103

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