Dec 28 (Reuters) - Qbe Insurance Group Ltd QBE.AX :
* REACHED AN AGREEMENT TO SETTLE SHAREHOLDER CLASS ACTION PROCEEDINGS COMMENCED BY MONEY MAX INTEREST PTY LTD
* AGREED TO PAY A$132.5 MILLION IN FULL AND FINAL SETTLEMENT OF PROCEEDINGS INCLUDING INTEREST AND APPLICANT'S COSTS
* SETTLEMENT WILL NOT HAVE A MATERIAL IMPACT ON 2017 SECOND HALF EARNINGS
* SETTLEMENT IS WITHOUT ANY ADMISSION OF LIABILITY BY QBE AND IS SUBJECT TO COURT APPROVAL