Bank of Queensland : Dividend/Distribution - BOQPE

Notification of dividend / distribution

Announcement Summary

Entity name

BANK OF QUEENSLAND LIMITED.

Security on which the Distribution will be paid

BOQPE - CAP NOTE 3-BBSW+3.75% PERP NON-CUM RED T-08-24

Announcement Type

New announcement

Date of this announcement

Friday August 21, 2020

Distribution Amount

AUD 0.67190000

Ex Date

Thursday October 29, 2020

Record Date

Friday October 30, 2020

Payment Date

Monday November 16, 2020

Refer to below for full details of the announcement

Notification of dividend / distribution

1 / 5

Notification of dividend / distribution

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

BANK OF QUEENSLAND LIMITED.

1.2	Registered Number Type	Registration Number
ABN	32009656740
1.3	ASX issuer code
BOQ

1. The announcement is New announcement
2. Date of this announcement

Friday August 21, 2020

1.6 ASX +Security Code

BOQPE

ASX +Security Description

CAP NOTE 3-BBSW+3.75% PERP NON-CUM RED T-08-24

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 November 15, 2020

2A.4 +Record Date

Friday October 30, 2020

Notification of dividend / distribution

2 / 5

Notification of dividend / distribution

2A.5 Ex Date

Thursday October 29, 2020

2A.6 Payment Date

Monday November 16, 2020

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 0.67190000

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 0.67190000

Estimated or Actual?

Actual

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

AUD

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

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

Notification of dividend / distribution

3 / 5

Notification of dividend / distribution

3A.3 Percentage of ordinary dividend/distribution that is	3A.3a Applicable corporate tax rate for franking credit
franked	(%)
100.0000 %	30.0000 %

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

AUD 0.67190000

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

Part 3D - Preference +security distribution rate details

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

3D.1	Start date of payment period	3D.2 End date of payment period
Monday August 17, 2020	Sunday November 15, 2020
3D.3	Date dividend/distribution rate is set (optional)

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

91

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

0.1000 %

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

As per the Capital Notes Prospectus and Terms, the 3-month Bank Bill Swap Rate (BBSW) on the first business day of the distribution period is used as the distribution base rate.

3D.8 Dividend/distribution margin

3.7500 %

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

Determined by the Bookbuild in accordance with the Captial Notes Terms

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

-1.1550 %

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

For a fully franked Distribution, the Distribution Rate is 70% of BBSW + Margin (Aggregate Rate). The other rate therefore represents 30% of the Aggregate Rate (expressed as a negative percentage which is deducted from the Aggregate Rate to calculate the Dividend Rate).

For more information see the Capital Notes Prospectus and Capital Notes Terms.

Notification of dividend / distribution

4 / 5

Notification of dividend / distribution

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

2.6950 %

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

The Distribution Rate = (BBSW + Margin) x (1 - t) where:

BBSW is the Bank Bill Swap Rate (as defined in the Capital Notes Terms) on the first Business Day of the Distribution Period

Margin is the margin (expressed as a percentage per annum) determined under the Bookbuild

t is the Australian corporate tax rate applicable to the franking account of BOQ at the relevant Distribution Payment Date (expressed as a decimal)

For more information see the Capital Notes Prospectus and Capital Notes Terms.

Part 5 - Further information

5.1 Please provide any further information applicable to this dividend/distribution

The Capital Notes Prospectus sets out the Distribution Payment Date and Record Dates. The Distribution Payment Dates are 15 February, 15 May, 15 August and 15 November each year (where this date is not a business day, the Distribution Payment Date is on the following business day). The Record Dates for distributions are 11 business days prior to the Distribution Payment Date.

5.2 Additional information for inclusion in the Announcement Summary

Notification of dividend / distribution

5 / 5