MARKET RELEASE

2 January 2018

REDEMPTION OF USD 2.40% SENIOR NOTES DUE 1 MAY 2018 ("NOTES")

Further to our announcement of 29 November 2017, QBE announces that it has completed the redemption of the Notes.

For further information, please contact:

Debt Relations

QBE Insurance Group Limited

Paul Byrne

ABN 28 008 485 014

Group Treasurer

Level 27, 8 Chifley Square

Tel: +61 2 9375 4226

SYDNEY NSW 2000

Cell: +61 (0) 481 440 005

Australia

paul.byrne@qbe.com

www.qbe.com

Media Enquiries

David Symons

Cell: +61 (0) 410 559 184

Email:david.symons@qbe.com

QBE Insurance Group Limited is listed on the Australian Securities Exchange and is recognised as one of the top 20 global insurance and reinsurance companies as measured by net earned premium and has operations in 37 countries.

DISCLAIMER

This market release does not constitute an offer to sell or a solicitation of an offer to buy, any securities in the United States. The securities referenced herein have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act") or the securities laws of any state or other jurisdiction of the United States absent registration except in a transaction exempt from, or not subject to, the registration requirements of the Securities Act and any other applicable U.S. state securities laws.

QBE Insurance Group Ltd. published this content on 02 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 January 2018 02:45:10 UTC.

Original documenthttps://www.group.qbe.com/system/files_force/ASX Documents/ASX Announcement - Redemption USD2.40%25 Senior Notes Due 1 May 2018 - FOR ASX.PDF?download=1

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