L&Q Notice – Unsecured Subordinated Notes (“IAGFC”)

QUOTATION NOTICE: NZX DEBT MARKET INSURANCE AUSTRALIA GROUP LIMITED UNSECURED SUBORDINATED NOTES ("IAGFC") Issuer: Insurance Australia Group Limited ("IAG") Ticker Code: IAGFC ISIN: NZIAGDT004C1 Details of Issue: 400,000,000 Unsecured Subordinated Notes Opening Date: Monday, 21 March 2022 Closing Date: 12pm on Friday, 25 March 2022 Interest Rate: 5.32% per annum until 15 June 2028. After this date, the interest rate will be a floating rate. Maturity Date: Tuesday, 15 June 2038 Interest Payment Dates: 15 March, 15 June, 15 September and 15 December in each year during the term of the Notes, and the date on which the Notes are repaid. Date of First Interest Payment: Wednesday, 15 June 2022 First Interest Paid To: Holder on Record Date Record Date: The tenth calendar day before the relevant interest payment date, or if that date is not a business day, the immediately preceding business day. Minimum Application Amount: NZ$5,000 Minimum Holding: NZ$5,000 Minimum Transferrable Amount: NZ$1,000 Face Value: NZ$1.00 per Note Supervisor Name: The New Zealand Guardian Trust Company Limited Joint Lead Managers: ANZ Bank New Zealand Limited Bank of New Zealand Forsyth Barr Limited Trust Deed Dated: Trust Deed dated 11 March 2022 Product Disclosure Statement dated 11 March 2022 Issue Date: Tuesday, 5 April 2022 Registrar: Computershare Investor Services Limited ("RMLT") Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Wednesday, 6 April 2022 Mark Peterson Chief Executive Officer NZX Limited 29 03 2022 End CA:00389679 For:IAG Type:OFFER Time:2022-03-29 15:34:24