Holders of ordinary shares can choose how their dividends are paid. This page explains the options and how to make a selection.

• Dividend payment options 
• Dividend Reinvestment Plan (DRP) 
• Updating your dividend payment details online 
• Providing your Tax File Number 
• Contact Computershare Investor Services  
• Dividend and DRP price history 

Dividend payment options

Holders of Bank of Queensland (BOQ) ordinary shares may choose how their dividends can be paid:

• Direct credit (Australian holders) or cheque (non-Australian resident holders) - Bank of Queensland pays dividends by direct credit to a nominated bank account for all Australian residents.  Residents in other countries will receive payments by way of cheque drawn in Australian Dollars; or
• Dividend Reinvestment Plan (DRP)* - If shareholders are Australian or New Zealand residents, or their address on the register of shareholders is in Australia or New Zealand, they can have their dividends on some or all of their ordinary shares automatically reinvested in additional shares by participating in the Dividend Reinvestment Plan. Refer below for full details, including how to register for the DRP.
• Donate your dividends - Bank of Queensland shareholders have the chance to donate their cash dividend to the national Investing in Hope charity (PDF 589kb). If you would like to participate please contact the Investor Relations Manager on 07 3212 3463.

To change how you would like to receive your dividends, you can do this via written notification to Computershare Investor Services in Brisbane or online through the Computershare website, www.computershare.com.au. To make it easier we have provided a step by step instruction page on updating your dividend payment details online.

Dividend Reinvestment Plan (DRP)

Shareholders can choose to have their dividends from some or all of their ordinary shares automatically reinvested into the Dividend Reinvestment Plan, and will receive the following benefits:

• Shares issued at a discount of 2.5% on the weighted average sale price of the Bank's shares sold on the ASX.
• Increase your shareholding; it's an optional and convenient way of increasing your holding of Bank of Queensland shares.
• No additional costs. The shares issued to you under the DRP are free of brokerage, commission and stamp duty costs.
• Shares issued under the DRP rank equally with existing shares.

On 26 November 2007 Bank of Queensland wrote to shareholders to advise of a change to clause 4.3 of the DRP Terms and Conditions which outlines the way in which the issue price of shares under the DRP is calculated. The amended DRP will first apply in relation to any interim dividend payable for the half year ending 29 February 2008.
 
Until 26 December 2007, the DRP issue price was calculated by way of a 2.5% discount to the weighted average sale price of BOQ shares over a five day pricing period following the Record Date for the dividend.

The amended DRP calculates the issue price by way of a 2.5% discount to the arithmetic or simple average of the daily volume weighted average share prices during the pricing period.  This will help avoid the issue price being artificially skewed by the trading of large volumes of shares significantly above the daily average on one or more days in the pricing period. Some types of share transactions outside the ordinary course of ASX trading are also excluded from the calculation of the issue price.

Details of the DRP's operation are contained in the terms and conditions (PDF 441kb). 

Registering for the DRP

To obtain a hard copy application form and the DRP terms and conditions booklet please contact the Bank’s Share Registry on 1800 779 639.

Alternatively, you can also register for the DRP and update other details of your BOQ shareholding by visiting the Computershare website, www.computershare.com.au, and following the instructions outlined in the attached document, Accessing your BOQ shareholding and registering for DRP online (PDF 739kb).

Updating your dividend payment details online

To update your shareholding, including banking instructions for your dividend payments, online via the Computershare website go to www.computershare.com.au.

From the website home page click on the "Investor Centre" link (under "Securityholders") and follow the instructions in the attached document, Accessing your BOQ shareholding online (PDF 564kb).

To do this, you will need your Securityholder Reference Number (SRN) or Holder Identification Number (HIN), as well as the post code for the registered address on your holding.

This service allows you to securely view and manage your BOQ shareholding, including:

• Holding summary - number of shares held, dividends paid and franking credits, etc;
• Contact address and personal details;
• Shareholder communications and Annual Report instructions;
• Direct credit instructions;
• Dividend Reinvestment Plan; and
• Tax File Number.

Providing your Tax File Number

You are not obliged to quote your Tax File Number (TFN) or or Australian Business Number (ABN). However, tax may be deducted from unfranked portions of payments at the highest marginal rate.

To advise your TFN or ABN details, you can do this through the Computershare website (as detailed above) or phone Computershare Investor Services to request a form to be sent to you.

Contact Computershare Investor Services

Level 19

306 Queen Street

Brisbane  Qld  4000

or

GPO Box 523

Brisbane  Qld  4001

Enquiries within Australia:  1800 779 639

Enquiries outside of Australia: 61 3 9415 4039

Facsimile: 61 7 3229 9860

Website: www.computershare.com.au

Dividend and DRP price history

Ordinary Shares (BOQ)