Suncorp : Update - Dividend/Distribution - SUN

Notification of dividend / distribution

Update Summary

Entity name

SUNCORP GROUP LIMITED

Security on which the Distribution will be paid

SUN - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

Monday September 4, 2017

Reason for the Update

Update to Part 4A.6 - DRP price

Update to Part 2A.10 - Currency information

Additional Information

Suncorp Group Limited today announced a fully franked, final dividend payment for the year ending 30 June 2017 of 40 cents ordinary dividend per fully paid ordinary share.

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Update to Part 4A.6 - DRP price

Update to Part 2A.10 - Currency information

SUN

ASX +Security Description

ORDINARY FULLY PAID

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of six months

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

Friday June 30, 2017

2A.4 +Record Date

Thursday August 17, 2017

2A.5 Ex Date

Wednesday August 16, 2017

2A.6 Payment Date

Wednesday September 20, 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 0.40000000

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?

Yes

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

We have a Dividend/Distribution Reinvestment Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?

Yes

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

No

Part 2B - Currency Information

2A.11a(i) DRP Status in respect of this dividend/distribution

Full DRP

2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand and/or USD to residents of the U.S.A.).

Yes

2B.2 Please provide a description of your currency arrangements

The dividend will be paid to Shareholders in cash by direct credit or by cheque. Shareholders with a registered address in New Zealand will have their dividend paid in:

• New Zealand dollars if they have nominated a New Zealand bank for direct credit; or

• Australian dollars if they have nominated an Australian bank for direct credit or have requested payment by cheque.

All other shareholders will be paid their dividend in Australian dollars.

The conversion rate for direct credit payments made in New Zealand Dollars was set at the prevailing market rate on 23 August 2017 at 12.05pm AEDT.

2B.2a Other currency/currencies in which the dividend/distribution will be paid:

NZD - New Zealand Dollar NZD

2B.2b Please provide the exchange rates used for non-primary currency payments

AUD/NZD 1.09

2B.2c If payment currency equivalent and exchange rates not known, date for information to be released

Estimated or Actual?

Actual

2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the default arrangements?

Yes

2B.3a Please describe what choices are available to a securityholder to receive a currency different to the currency they would receive under the default arrangements

Refer to 2B.2 above

2B.3b Date and time by which any document or communication relating to the above arrangements must be received in order to be effective for this dividend/distribution

Thursday August 17, 2017 17:00:00

2B.3c Please provide, or indicate where relevant forms can be obtained and how and where they must be lodged

Shareholders who wish to vary the way they currently receive dividends must notify the Share Register by the record date or the last election date for participation in the DRP by:

• emailing your request to suncorp@linkmarketservices.com.au

• registering for online services at www.linkmarketservices.com.au

• telephoning the Suncorp Share Registry on 1300 882 012 (within Australia) +61 2 8767 1219 (outside Australia) to request the relevant form be sent

• by mail addressed to the Suncorp Share Registry, Link Market Services Limited PO Box A50 Sydney South NSW 1235

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 0.40000000

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 0.40000000

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

Part 4A - +Dividend reinvestment plan (DRP)

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 %