QBE Insurance Group Limited ABN 28 008 485 014 Level 27, 8 Chifley Square, SYDNEY NSW 2000 Australia GPO Box 82, Sydney NSW 2001

telephone + 612 9375 4444 • facsimile + 612 92316104 www .qbe.com

@

QBE

30 March 2017

The Manager

Market Announcements Office ASX Limited

Level 4

Exchange Centre 20 Bridge Street

SYDNEY NSW 2000

Dear Sir/Madam

Retirement of QBE Non-Executive Director

Please find attached an announcement for release to the market. Yours faithfully,

Carolyn Scobie

Company Secretary

Encl.

I

MARKET RELEASE

30 March 2017

RETIREMENT OF QBE NON-EXECUTIVE DIRECTOR

QBE announces the retirement of Non-Executive Director, Margaret Leung, effective today.

Mr Marty Becker, Chairman of QBE said "The Board is grateful to Margaret for her service to QBE over the last four years. Margaret has been an outstanding contributor to the Board".

"While we will miss Margaret, she is leaving a Board of the highest quality following the appointment of three exceptional Non-Executive Directors in 2016. These appointments include two of the insurance industry's foremost leaders of recent decades, Rolf Tolle and Mike Wilkins. Our third new director, Kathy Lisson, brings a rare skillset spanning digital technology, cyber security, IT risks and data analytics that is essential to shaping our company's technology and operations direction. Shareholders will have the opportunity to vote on the election of Mike and Kathy at the Annual General Meeting on Wednesday, 3rd May 2017."

- ENDS -

For further information, please contact:

Investor Relations

Group Head of Investor Relations Tony Jackson

Tel: +61 (2) 9375 4364

investor.relations@qbe.com

QBE Insurance Group Limited

ABN 28 008 485 014

8 Chifley Square

SYDNEY NSW 2000

Australia

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, is one of the top 20 global insurance and reinsurance companies as measured by net earned premium and has operations in 37 countries.

QBE Insurance Group Ltd. published this content on 30 March 2017 and is solely responsible for the information contained herein.
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