QBE Insurance Group Limited issued a notice that, pursuant to Condition 10.3 of the terms and conditions of the Subordinated Notes as set out in the Offering Circular, the Issuer will redeem all of the Subordinated Notes on June 17, 2026. The Subordinated Notes will be redeemed in cash for their aggregate Redemption Price, being an amount equal to the aggregate Face Value of USD 524,124,000, together with interest accrued to (but excluding) the Early Redemption Date. The Issuer has obtained the approval of APRA for the redemption of the Subordinated Notes.

The Issuer?s redemption of the Subordinated Notes does not imply or indicate that the Issuer will in the future exercise any right it may have to redeem any other outstanding regulatory capital instruments issued by the Issuer. Any such redemption would also be subject to the receipt of prior written approval from APRA (which may or may not be provided). Upon completion of the redemption of the Subordinated Notes, the Subordinated Notes will be cancelled and will be delisted and removed from the Official List of the Singapore Exchange Securities Trading Limited.