QBE Insurance : Update - Dividend/Distribution - QBE

Notification of dividend / distribution

Update Summary

Entity name

For personal use only

QBE INSURANCE GROUP LIMITED

Security on which the Distribution will be paid

QBE - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

28/3/2022

Reason for the Update

Update to reflect the DRP price and BSP price.

Refer to below for full details of the announcement

Notification of dividend / distribution

1 / 7

Notification of dividend / distributionAnnouncement Details

For personal use only

Part 1 - Entity and announcement details

1.1 Name of +Entity

QBE INSURANCE GROUP LIMITED

1.2 Registered Number Type

ABN

1.3 ASX issuer code

QBE

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Update to reflect the DRP price and BSP price.

Registration Number 28008485014

1.4b Date of previous announcement(s) to this update 18/2/2022

1.5 Date of this announcement 28/3/2022

1.6 ASX +Security Code QBE

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) 31/12/2021

2A.4 +Record Date

Notification of dividend / distribution

2 / 7

Notification of dividend / distribution

2A.4 +Record Date 8/3/2022

2A.5 Ex Date

7/3/2022

For personal use only

2A.6 Payment Date

12/4/2022

• 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 +ASICACCC 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 0.19000000

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)

We have a Bonus +Security Plan or equivalent (BSP)

2A.11a If the +entity has a DRP, is the DRP applicable to 2A.11a(i) DRP Status in respect of this

this dividend/distribution?

Yes

dividend/distribution Full DRP

2A.11b If the +entity has a BSP, is the BSP applicable to 2A.11b(i) BSP status in respect of thisthis dividend/distribution?

Yes

dividend/distribution Full BSP offered

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

No

Notification of dividend / distribution

3 / 7

Notification of dividend / distributionPart 2B - Currency Information

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.).

For personal use only

No

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

QBE shareholders may nominate an account with a financial institution in Australia, New Zealand, United Kingdom or US for receipt of their dividend payments. Shareholders who provide an Australian bank account details will be paid in Australian dollars; shareholders who provide New Zealand bank account details will be paid in New Zealand dollars; shareholders who provide United Kingdom bank account details will be paid in pounds sterling; shareholders who provides USA bank account details will be paid in US dollars.

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 0.19000000

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

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

  AUD

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

  Yes

  No

• 3A.3 Percentage of ordinary dividend/distribution that is 3A.3a Applicable corporate tax rate for franking credit

franked 10.0000 %

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

AUD 0.01900000

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 0.17100000

(%) 30.0000 %

3A.5 Percentage amount of dividend which is unfranked 90.0000 %

Notification of dividend / distribution

4 / 7

Notification of dividend / distributionPart 4A - +Dividend reinvestment plan (DRP)

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?

Do not participate in DRP (i.e. cash payment)

For personal use only

4A.2 Last date and time for lodgement of election	4A.3 DRP discount rate
notices to share registry under DRP
0.0000 %
Wednesday March 9, 2022 17:00:00
4A.4 Period of calculation of reinvestment price
Start Date	End Date
14/3/2022	25/3/2022
4A.5 DRP price calculation methodology

The share issue price for the Dividend Reinvestment Plan and the Bonus Share Plan will be based on a volume weighted average price of the shares in the 10 trading day period from 14 March 2022 to 25 March 2022 (both dates inclusive).

4A.6 DRP Price (including any discount):

AUD 11.12000

4A.8 Will DRP +securities be a new issue?

Yes

4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?

Yes

4A.9a Minimum number of +securities required for DRP participation 100

4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?

No

4A.11 Are there any other conditions applying to DRP participation?

Yes

4A.11a Conditions for DRP participation

Participation is subject to the DRP Rules as per the DRP booklet.

4A.12 Link to a copy of the DRP plan ruleshttps://www.qbe.com/investor-relations/dividends

4A.13 Further information about the DRP

Part 4B - Bonus +security plan or equivalent (BSP)

4A.7 DRP +securities +issue date 12/4/2022

4A.8a Do DRP +securities rank pari passu from +issue date?

Yes

4A.9b Minimum amount for DRP participation AUD

4B.1 What is the default option if +security holders do not indicate whether they want to participate in the BSP?

Notification of dividend / distribution

5 / 7