Ann: BOQ Successfully Completes Retail Entitlement Offer, page-2

Quite a low takeup considering where the SP currently sits, but everyone that applied for the extra 35% will receive it in full.

"BOQ received strong support from its eligible retail shareholders (Eligible Retail Shareholders) under
the Retail Entitlement Offer. Applications from existing Eligible Retail Shareholders totalled
approximately A$336 million (or approximately 45 million New Shares), reflecting a take-up rate of
approximately 50%. In addition, approximately A$72 million (or approximately 10 million New Shares)
was applied for under the Oversubscription Facility with each Eligible Retail Shareholder who
subscribed under the Oversubscription Facility receiving the full allocation of New Shares for which
they applied. Including the Oversubscription Facility, the total take-up from Eligible Retail Shareholders
was approximately A$408 million (or approximately 55 million New Shares), representing a total takeup rate of approximately 60%. These numbers remain subject to final reconciliation.

Settlement of the approximately 92 million New Shares issued as part of the Retail Entitlement Offer
is expected to occur on Tuesday, 16 March 2021, with the issue of those New Shares expected to occur
on Wednesday, 17 March 2021 and ordinary trading expected to commence on Thursday, 18 March
2021."