Investor Centre

The State of Queensland provided Retail Investor Incentives under the Retail Offer which comprised a Retail Price Discount, a Maximum Price per Share and an entitlement to Loyalty Bonus Shares.

You may be entitled to Loyalty Bonus Shares (subject to certain conditions) in the following ratios:

• if you are a Queensland resident Retail Investor—1 for 15 up to a maximum of 675 Loyalty Bonus Shares; or
• if you are a non-Queensland resident Retail Investor—1 for 20 up to a maximum of 500 Loyalty Bonus Shares

To be eligible to receive Loyalty Bonus Shares you need to have held your shares continuously until 7 December 2011.

The number of Loyalty Bonus Shares you will be eligible to receive will be calculated based on the lowest number of shares held continuously by you between the date you are allocated shares under the Retail Offer and 7 December 2011, with any fractional entitlements to Loyalty Bonus Shares to be rounded down to the nearest whole number.

The Directors normally expect QR National to pay dividends in arrears for the six month periods ended 31 December (interim dividend) and 30 June (final dividend).

Subject to the forecasts in the Forecast Financial Information in the Offer Document being achieved and other relevant factors, the Directors expect to pay dividends as follows:

• the first dividend of 3.7 cents per Share is expected to be paid in September 2011 in respect of the period from Listing to 30 June 2011; and
• a dividend of 8.3 cents per Share is expected to be paid in respect of the financial year ended 30 June 2012.

After the Forecast Period outlined in the Offer Document, the Directors’ current intention is for a payout ratio of 50% of net profit after tax subject to the Directors’ assessment in light of investment and growth opportunities available to QR National, the capital markets environment at the time as well as QR National’s focus on maintaining a strong credit rating and enhancing long-term Shareholder value.

QR National pays dividends by direct credit to holders in Australia, New Zealand, the United Kingdom and the United States of America.  All other holders (rest of world) will receive a cheque, by means of global payment or by standard payment defaulting back to AUD.  As an investor, you can provide your direct credit details by going to www.investorcentre.com/qrn.

You will need to have your Security holder Reference Number (SRN) or Holder Identification Number (HIN) available to access your information.

QR National stock can be bought or sold through a stockbroker, bank or financial institution that offers brokerage services. QR National does not offer a direct stock purchase plan. 

QRN shareholders can access a number of services provided by Computershare online at www.investorcentre.com/qrn.

The online service can be used to obtain information on your current holding and transaction history including dividend payment information for taxation purposes. You can also access and download forms necessary to advise of changes to your holding (such as Direct Credit banking instructions, change of address, notification of tax file number) and to transfer your holding.

If you are not able to access the information you require online, please contact Computershare on the phone numbers given below.

Contact Details

Address:
Computershare Investor Services Pty Limited
Level 19
307 Queen Street
Brisbane QLD 4000

Postal Address:
Computershare Investor Services Pty Limited
GPO Box 2975
Melbourne VIC 3001 Australia

Telephone:
+61 3 9415 4332    
1800 776 476 for callers within Australia

Generally speaking, your eligibility to receive Loyalty Bonus Shares will not be affected by a conversion between the Issuer and the CHESS sub-register provided that all the necessary supporting documentation has been provided, unless it is a transfer constituting a change of ownership.

On 21 October 2010, the ASX issued a participant bulletin (number P2010/469) to brokers and CHESS participants.  This bulletin outlined how a CHESS controlling participant “may manage no change of beneficial owner transfers or a change of controlling participant without loss of entitlement to Loyalty Bonus Shares”.

Please contact your CHESS provider to ensure the appropriate process is followed if you wish to transfer your shares from your SRN to a CHESS HIN without compromising your eligibility to receive Loyalty Bonus Shares.

Investor Relations can be contacted via email on: investor.relations@qrnational.com.au or through our contact page.

All other inquiries, not related to Investor Relations should be addressed to QR National’s General Enquiries line: 13 23 32.

Further to section 10.9.2 of the QRN Share Offer Document, QRN has obtained a Class Ruling from the Australian Taxation Office for retail investors who acquired QRN shares under the Retail Offer on capital account. 
The ruling sets out the Commissioner of Taxation’s view as to what constitutes an appropriate methodology to reasonably attribute capital proceeds paid by retail investors to determine the tax cost base of:

• their QRN ordinary shares; and
• their QRN Loyalty Bonus Rights

acquired at the time of the IPO.  The ruling also outlines how the cost base of Loyalty Bonus Shares is determined after the requisite holding conditions have been satisfied.
The ruling also includes worked examples for investors as to how the methodology will apply in certain scenarios (eg. on disposal of the Loyalty Bonus Shares for capital gains tax purposes).
Please refer to the Commissioner’s detailed reasoning and worked examples contained in the Class Ruling for further information.
Shareholders should seek their own professional advice on the taxation implications of holding and disposing of their Shares, Loyalty Bonus Rights and Loyalty Bonus Shares, taking into account their specific circumstances.

For more information, please refer to the below document.

 Class Ruling Income Tax: QR National Limited Loyalty Bonus Share Scheme.