Kylie Rampa Appointed New QIC CEO

BRISBANE,Australia,Nov. 11,2021 -- Following a four-month global recruitment process,Kylie Rampa has been appointed as chief executive officer of QIC,a leading Australian investment manager owned by the Queensland Government.

Ms Rampa will commence in April 2022,taking the helm from Damien Frawley,who has led the organisation for over nine years and announced in June his decision to retire in 2022.

QIC Chair Ian Martin said Ms Rampa's appointment had been approved by QIC's Board and the Queensland Government.

"The Board is confident Ms Rampa's strong experience in managing large and complex businesses coupled with her investment and capital management acumen,will ensure QIC continues to deliver strong performance for its clients," Mr Martin said.

"Ms Rampa has more than 25 years' experience in investment management,particularly in real assets investing. Her expertise spans private markets,particularly real estate,and private and public capital markets,real estate development,asset management,mergers and acquisitions,business strategy,and operations.

"Ms Rampa will continue to drive the Board-endorsed strategy across QIC's investment capabilities - with our core objective of being client led in all that we do.

"Her appointment follows an extensive global recruitment process led by Egon Zehnder,a respected global executive search firm,which involved a very strong field of internal and external candidates.

"Together with the Board and on behalf of the entire team at QIC,I want to congratulate Ms Rampa on her appointment,and we look forward to working with her."

Ms Rampa joins QIC from Lendlease where she is currently Group Head of Investments,and a member of the global leadership team and global investment committee,with responsibility for driving the group's global strategy to grow Lendlease's funds under management and strategic capital partnerships.

Prior to joining Lendlease in 2013,Ms Rampa spent 13 years at Macquarie,and at various stages in her career worked at Gandel Group,AMP and Schroders.

Ms Rampa said that as a proud Queenslander she was excited and energised to lead QIC through its next phase,building on its 30-year history and the strength of its existing core capabilities.

"I am very proud to be appointed CEO and I want to acknowledge the tremendous work of Damien Frawley who has led a team of specialists who have added significant value for clients via QIC's investment capabilities.

"QIC has a strong reputation for delivering sustainable risk-adjusted returns for its commercial and government clients supported by a robust culture that fosters transparency,excellence,diversity and strong governance.

"Together with the QIC Board,the executive team and all QIC's employees,I am excited to lead an organisation that is focused on delivering strong investment performance for QIC's government,domestic and global institutional clients in a complex operating landscape."

Mr Frawley will remain as CEO until Ms Rampa commences in April 2022,ensuring a smooth transition.

About QIC:

QIC is a long-term specialist manager in alternatives offering infrastructure,real estate,private equity,private debt,liquid strategies and multi-asset investments. It is one of the largest institutional investment managers in Australia,with A$92bn (US$69bn) in funds under management[1]. QIC has over 800 employees and serves more than 115 clients. Headquartered in Brisbane,QIC also has offices in Sydney,Melbourne,New York,San Francisco and London. For more information,please visit: www.qic.com.

[1]As at 30 June 2021

Important Information

QIC Limited ACN 130 539 123 ("QIC") is a wholesale funds manager and its products and services are not directly available to,and this document may not be provided to any,retail clients. QIC is a company government owned corporation constituted under the Queensland Investment Corporation Act 1991 (Qld). QIC is regulated by State Government legislation pertaining to government owned corporations in addition to the Corporations Act 2001 (Cth) ("Corporations Act"). QIC Private Capital Pty Ltd ("QPC"),a wholly owned subsidiary of QIC,has been issued with an AFS licence and other wholly owned subsidiaries of QIC are authorised representatives of QPC. QIC's subsidiaries are required to comply with the Corporations Act. QIC does not hold an Australian financial services ("AFS") licence and certain provisions (including the financial product disclosure provisions) of the Corporations Act do not apply to QIC. QIC also has wholly owned subsidiaries authorised,registered or licensed by the United Kingdom Financial Conduct Authority ("FCA"),the United States Securities and Exchange Commission ("SEC") and the Korean Financial Services Commission.

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