QBE has successfully completed an A$650m Institutional Share Placement at $10.10 of new capital. Settlement will occur on 26th August 2014, and placement being allotted and quoted on the ASX on 27th August 2014. QBE shareholders will have the opportunity to participate in a Share Purchase Plan to raise approximately A$160m at the lower of $10.10 or 2% discount to the VWAP of QBE shares during the 5 trading days before the closing date for applications under the SPP. Record date for SPP is 18th August 2014, and closing date is 12 September 2014.   Further information can be found at www.qbe.com For Australian Investors only, not for distribution in the United States.