Suncorp-Metway Ltd Announces Dividend Rate For Suncorp Convertible Preference Shares

Suncorp-Metway Ltd announced that in accordance with the Suncorp Convertible Preference Shares (SBKPB) Terms and Conditions, as amended on December 24, 2010, the expected Dividend Rate for SBKPB securities for the period December 14, 2012, to March 13, 2013, inclusive will be 4.4590%. That rate represents the 90 day Bank Bill Rate on December 14, 2012, plus a margin of 3.20% per annum and equates to an expected fully franked dividend amount per share (AUD 100 face value) of AUD 1.0995 (plus franking credits), which will be payable on March 14, 2013. The record date for determining shareholder entitlements to the dividend will be March 1, 2013.