#1ANZ ANZ CAPITAL NOTES 9 OFFER INVESTOR PRESENTATION 14 FEBRUARY 2024 Approved for distribution by ANZ Group's Continuous Disclosure Committee Australia and New Zealand Banking Group Limited 9/833 Collins Street Docklands Victoria 3008 Australia ABN 11 005 357 522#2ANZ Capital Notes 9 DISCLAIMER This presentation has been prepared by Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) ("ANZBGL") in connection with the offer ("Offer") of ANZ Capital Notes 9 ("ANZ Capital Notes 9" or "Notes"). The Offer is being made under a prospectus ("Prospectus") that was lodged with ASIC on 14 February 2024 and a replacement Prospectus, that will include the Margin determined after the Bookbuild, that is expected to be lodged with ASIC on 22 February 2024. The Prospectus is available (and the replacement Prospectus will be available) on ANZBGL's website, capitalnotes.anz.com. Applications for Notes can only be made as specified in the Prospectus. The material in this presentation is general background information current as at the date of this presentation. It is information given in summary form and does not purport to be complete. This presentation is not a prospectus or other disclosure document under Australian law and does not constitute an invitation to subscribe for or buy any securities or an offer for subscription or purchase of any securities or a solicitation to engage in or refrain from engaging in any transaction. The information in this presentation is prepared for Institutional Investors and Wholesale Investors only. It is not investment or financial product advice and is not intended to imply any recommendation or opinion about Notes. It does not take into account your investment objectives, financial situation or particular needs. In considering whether to apply for Notes, it is important that: (1) if you are a Retail Investor, you are within the Notes Target Market. The Notes Target Market is set out in section 4.1 of the Prospectus. If you are a Retail Investor, you can only apply for the Notes if you are within the Notes Target Market and have received professional advice in relation to your application (see the Prospectus for further details); and (2) you consider all risks and information regarding an investment in Notes in light of your particular investment objectives, financial situation and needs, as the Offer and the information in this presentation and the Prospectus do not take into account those particular investment objectives, financial situation or needs. This presentation may contain forward-looking statements or opinions including statements regarding the ANZ Group's intent, belief or current expectations with respect to ANZBGL, ANZ Group Holdings Limited (ABN 16 659 510 791) ("ANZGHL") or the ANZ Group's business operations, market conditions, results of operations and financial condition, capital adequacy, sustainability objectives or targets, specific provisions, management practices and transactions the ANZ Group is undertaking or may undertake. Those matters are subject to risks and uncertainties that could cause the actual results and financial position of the ANZ Group to differ materially from the information presented herein. When used in this presentation, the words 'forecast', 'estimate', 'goal', 'target', 'indicator', 'plan', 'pathway', 'ambition', 'modelling', 'project', 'intend', 'anticipate', 'believe', 'expect', 'may', 'probability', 'risk', 'will', 'seek', 'would', 'could', 'should' and similar expressions, as they relate to the ANZ Group and its management, are intended to identify forward-looking statements or opinions. Those statements and opinions: are usually predictive in character; or may be affected by inaccurate assumptions or unknown risks and uncertainties; or may differ materially from results ultimately achieved. As such, these statements and opinions should not be relied upon when making investment decisions. There can be no assurance that actual outcomes will not differ materially from any forward-looking statements or opinions contained herein. These statements and opinions only speak as at the date of publication and no representation is made as to their correctness on or after this date. Forward-looking statements and opinions constitute "forward-looking statements" for the purposes of the United States Private Securities Litigation Reform Act of 1995. ANZBGL and ANZGHL do not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. None of ANZBGL, ANZGHL or the Joint Lead Managers ("JLMS") make any representation or warranty as to the accuracy of such statements or opinions. Except as required by law, and only then to the extent so required, neither ANZBGL, ANZGHL or the JLMs nor any other person warrants or guarantees the future performance of the Notes or any return on any investment made in Notes. The information in this presentation is not intended to be relied on and in all cases anyone proposing to use the information should independently verify and check its accuracy, completeness, reliability and suitability. The information in this presentation is not intended to create any legal or fiduciary relationship and is subject to change without notice (but neither ANZBGL nor ANZGHL is under any duty to update or correct it). Diagrams used in this presentation are illustrative only and may not be drawn to scale. Unless otherwise stated, all data contained in charts, graphs and tables is based on information available at the date of this presentation. This presentation has been prepared based on information in the Prospectus and generally available information. Investors should not rely on this presentation but should instead read the Prospectus in full before making an investment decision. Terms defined in this presentation have the meaning given to them in the Prospectus. To the maximum extent permitted by law, none of ANZBGL, ANZGHL or the JLMs, their respective related bodies corporate, or their directors, employees or agents, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including, without limitation, any liability arising from fault or negligence on the part of ANZBGL, ANZGHL or the JLMS, their respective related bodies corporate, or their directors, employees or agents. The distribution of this presentation in jurisdictions outside Australia may be restricted by law. If you come into possession of it you should seek advice on such restrictions and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. This presentation does not constitute an offer in any jurisdiction in which, or to any person to whom, it would not be lawful to make such an offer. In particular, the Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act"), or the securities laws of any state or jurisdiction of the United States and may not be offered, sold or resold, directly or indirectly, in the United States or to, or for the account or benefit of, any U.S. person (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the Securities Act. Notes are not deposit liabilities or protected accounts of ANZBGL under the Banking Act or guaranteed or insured by any government, government agency, compensation scheme, ANZGHL or by any other person. 1#3Offer Summary CONTENTS FY23 Results and 1Q24 Update Appendix 1-Key Terms Appendix 2 - Key Dates And Contacts 3 10 22 29#4ANZ ANZ CAPITAL NOTES 9 OFFER SUMMARY#5ANZ Capital Notes 9 ANZ CAPITAL NOTES 9: KEY TERMS 1. Offer Offer size Term Distributions • Ranking¹ . • Offer of ANZ Capital Notes 9 ("Notes") by Australia and New Zealand Banking Group Limited ("ANZBGL") Includes a Reinvestment Offer under which Eligible CN4 Holders can apply through their Syndicate Broker to reinvest the redemption proceeds of some or all of their ANZ Capital Notes 4 (ASX code: AN3PG) ("CN4") in Notes $1 billion with the ability to raise more or less Perpetual unless Redeemed, Converted or Resold Mandatory Conversion to Ordinary Shares of ANZ Group Holdings Limited ("ANZGHL") on 20 September 2033 or following a Trigger Event or a Change of Control Event ANZGHL is the listed parent company of the ANZ Group and is a non-operating holding company Exchangeable into ANZGHL Ordinary Shares at ANZBGL's option on 20 March 2031, 20 June 2031 or 19 September 2031 or following a Tax Event or Regulatory Event Discretionary, non-cumulative distributions scheduled to be paid quarterly based on a floating rate (3 Month BBSW), subject to certain Payment Conditions including ANZBGL (on a Level 1 basis) or the ANZ Group (on a Level 2 basis or, if applicable, a Level 3 basis), not breaching its APRA capital adequacy requirements Distribution Rate = (3 Month BBSW + Margin) x (1 - Australian corporate tax rate) Margin expected to be in the range of 2.90% to 3.10% per annum Distributions are expected to be franked at the same rate as dividends on ANZGHL Ordinary Shares. If a Distribution is not fully franked, the amount of the cash Distribution will be increased to compensate Holders for the unfranked portion of the Distribution, subject to the Payment Conditions. In a Winding-up of ANZBGL, the Notes rank for payment: . ahead of ANZBGL Ordinary Shares; • equally with ANZ Capital Securities and any other Equal Ranking Instruments; and • behind depositors, senior ranking securities and other creditors of ANZBGL ANZBGL is issuing the Notes to help meet the capital requirements for ADIs set by APRA. APRA requires ANZBGL to maintain a level of regulatory capital to help promote the stability of ANZBGL and protect ANZBGL's depositors and other creditors Purpose • APRA has confirmed that the Notes will constitute Additional Tier 1 Capital for the purposes of APRA's regulatory capital requirements • ANZBGL will use the proceeds to refinance CN4 and for general corporate purposes The Offer includes: • a Reinvestment Offer for Eligible CN4 Holders; Offer structure • a New Money Offer; and • an Institutional Offer Expected to trade under ASX code 'AN3PL' Listing The ranking of a Holder's claims in a winding-up will be adversely affected if a Trigger Event occurs. Following Conversion, Holders will have a claim as a holder of ANZGHL Ordinary Shares. If a Note is Written-Off, all rights in respect of a Note will be terminated and the Holder will not have their capital repaid. 4#6ANZ Capital Notes 9 NOTES CONVERTIBLE INTO ORDINARY SHARES OF ANZGHL ON CONVERSION, HOLDERS WILL RECEIVE LISTED ORDINARY SHARES OF ANZGHL AS THE NON-OPERATING HOLDING COMPANY OF THE ANZ GROUP ANZ Group ANZGHL Shareholders ANZGHL ANZ Group Holdings Limited ANZ Bank HoldCo ANZ BH Pty Ltd ANZ ServiceCo ANZ Group Services Pty Ltd ANZBGL Australia and New Zealand Banking Group Limited Banking businesses including ANZ Bank New Zealand ANZ Bank Group Certain property assets ANZ Non-Bank HoldCo ANZ NBH Pty Ltd Non-banking businesses and investments Prudential Regulation APRA adopts a tiered approach to the measurement of an ADI's capital adequacy by assessing the ADI's financial strength at three levels: Level 1: ANZBGL on a standalone basis (i.e. ANZBGL and specified subsidiaries which are considered to form ANZBGL's Extended Licensed Entity) Level 2: The ANZ Bank Group (i.e. the consolidated banking group) less certain subsidiaries and associates that are excluded under APRA's Prudential Standards Level 3: The ANZ Group (i.e. the conglomerate group at its widest level; that is ANZGHL as the non-operating holding company and all its related bodies corporate). The ANZ Group is not yet required to report capital on a Level 3 basis ANZ Non-Bank Group 5#7ANZ Capital Notes 9 SUMMARY OF OPTIONAL EXCHANGE DATES AND EXCHANGE OPTIONS The diagram below summarises certain events that may occur while the ANZ Capital Notes 9 are on issue, and what Holders may receive if those events occur. The events depend on a number of factors including ANZGHL's share price, the occurrence of contingencies and in some cases election by ANZBGL. As a result the events may not occur. Issue Date Optional Exchange Dates 20 March 2024 20 March 2031 20 June 19 September 20311 2031 7 Years 6 Months If ANZBGL chooses, and certain conditions are met, Notes may be Converted, Redeemed or Resold on these dates 2 Years Mandatory Conversion Date 20 September 2033 Notes will be Converted on this date if the Mandatory Conversion Conditions are satisfied, or the first Distribution Payment Date after this date on which the Mandatory Conversion Conditions are satisfied. There are certain other events that could occur at any time which may result in Notes being Converted, Redeemed, Resold or Written Off 1. As 20 September 2031 is not a Business Day, this date has been brought forward to the preceding Business Day. Potentially perpetual 6#8ANZ Capital Notes 9 COMPARISON TO OTHER ANZ CAPITAL NOTES REINVESTMENT OF CN4 INTO NOTES IS NOT A SIMPLE ROLLOVER INTO A SIMILAR INVESTMENT. THE NOTES AND CN4 HAVE DIFFERENT RIGHTS, BENEFITS AND RISKS WHICH MUST BE EVALUATED SEPARATELY ASX Code Term Margin AN3PL ANZ Capital Notes 9 Perpetual, subject to Mandatory Conversion into ANZGHL Ordinary Shares on 20 September 2033 (~9.5 years after the Issue Date) Expected to be between 2.90% to 3.10% Distribution Payment Dates Quarterly Franking Conditions to payment of Distributions Restrictions for non- payment of Distribution Mandatory Conversion ANZBGL Early Redemption Options Frankable, subject to gross-up for non-franked portion Yes, subject to ANZBGL's absolute discretion and the Payment Conditions Yes, applies to ANZBGL Ordinary Shares until the next quarterly Distribution Payment Date 20 September 2033 (if the Mandatory Conversion Conditions are satisfied) and on a Change of Control Event 20 March 2031 (~7 years after its issue date), 20 June 2031, 19 September 2031 and for Tax or Regulatory Events, with APRA's prior written approval On a Common Equity Capital Trigger Event for the ANZBGL Conversion on Trigger Event Level 1 and 2 Groups and Non-Viability Trigger Event. Write- Off if Conversion does not occur for any reason Capital Classification Additional Tier 1 ANZ Capital Notes 8 AN3PK Perpetual, subject to mandatory conversion into ANZGHL ordinary shares on 20 September 2032 (~9.5 years after its issue date) 2.75% Quarterly Frankable, subject to gross-up for non-franked portion Yes, subject to ANZBGL's absolute discretion and payment conditions Yes, applies to ANZBGL Ordinary Shares until the next quarterly distribution payment date 20 September 2032 (if the mandatory conversion conditions are satisfied) and on a change of control event 20 March 2030 (~7 years after its issue date), 20 June 2030, 20 September 2030 and for tax or regulatory events, with APRA's prior written approval On a Common Equity Capital Trigger Event for the ANZBGL Level 1 and 2 Groups and Non-Viability Trigger Event. Write- Off if Conversion does not occur for any reason Additional Tier 1 ANZ Capital Notes 4 AN3PG Perpetual, subject to mandatory conversion into ANZGHL ordinary shares on 20 March 2026 (~9.5 years after its issue date) 4.70% Quarterly Frankable, subject to gross-up for non-franked portion Yes, subject to ANZBGL's absolute discretion and payment conditions Yes, applies to ANZBGL Ordinary Shares until the next quarterly distribution payment date 20 March 2026 (if the mandatory conversion conditions are satisfied) and on a change of control event 20 March 2024 and for tax or regulatory events, with APRA's prior written approval On a Common Equity Capital Trigger Event for the ANZBGL Level 1 and 2 Groups and Non-Viability Trigger Event. Write-Off if Conversion does not occur for any reason Additional Tier 1 7#9ANZ Capital Notes 9 OPTIONS FOR ELIGIBLE CN4 HOLDERS¹ ANZBGL HAS ISSUED A REDEMPTION NOTICE FOR CN42 Option Description Reinvestment Offer 3 2 1 Reinvest CN4 into ANZ Capital Notes 9 Required Eligible CN4 Holder action Apply to participate in the Reinvestment Offer and reinvest the CN4 Redemption Proceeds for some or all of your CN4 into Notes . Apply through a Syndicate Broker • Applications can only be made by: Wholesale Investors; or Retail Investors within the Notes Target Market receiving personal advice There is no general ANZBGL securityholder offer Continue to hold CN4 • Continue to hold your CN4, under the existing terms of the security ANZBGL has issued a redemption notice in accordance with the CN4 terms. That notice confirms that ANZBGL will redeem all CN4 for their face value of $100 on 20 March 2024 CN4 will continue to trade on ASX until 6 March 2024 • Take no action Sell ANZ CN4 on-market Sell your CN4 on the ASX CN4 will continue to trade on ASX until 6 March 2024 • Transact through your broker Eligible CN4 Holders can also apply for additional Notes through the New Money Offer. Speak to your Syndicate Broker about how to do this 1. To be an Eligible CN4 Holder, you must: (1) have been a registered holder of CN4 at 7:00pm (Melbourne, Australia time) on 8 February 2024; (2) be shown on the CN4 register as having an address in Australia; (3) not be in the United States or acting as a nominee for, or for the account or benefit of, a US Person or not otherwise be prevented from receiving the invitation to participate in the Offer or ANZ Capital Notes 9 under the laws of any jurisdiction; and (4) be an Institutional Investor or a client of a Syndicate Broker who is either a Wholesale Investor or a Retail Investor within the Notes Target Market who has received personal advice from a licensed professional adviser. 2. A final Distribution of $1.8227 per CN4 is scheduled to be paid on 20 March 2024 subject to the payment conditions in the CN4 terms and ANZBGL's absolute discretion. 8#10ANZ Capital Notes 9 OFFER STRUCTURE AND NOTES TARGET MARKET Applications All Applications for Notes must be from: an Institutional Investor; or • a client of a Syndicate Broker who is either: a Wholesale Investor; or a Retail Investor within the Notes Target Market who has received personal advice from a licensed professional adviser. Applications must be submitted through a Syndicate Broker • Offer Structure • Reinvestment Offer, under which Eligible CN4 Holders may apply through their Syndicate Broker to have some or all of their CN4 Redemption Proceeds reinvested in Notes; New Money Offer, under which a client of a Syndicate Broker who is either a Wholesale Investor or a Retail Investor within the Notes Target Market who has received personal advice from a licensed professional adviser, may apply through their Syndicate Broker for an allocation of Notes (other than under the Reinvestment Offer); and Institutional Offer, under which certain Institutional Investors invited by ANZ Securities may bid for Notes in the Bookbuild. No securityholder offer The Offer does not contain a general offer for ANZGHL or ANZBGL securityholders to apply for Notes ANZBGL securityholders cannot apply directly to ANZBGL to participate in the Offer, including Eligible CN4 Holders under the Reinvestment Offer . ANZBGL has made a target market determination (Target Market Determination) in accordance with its obligations under the Design and Distribution Obligations (DDO) legislation. The Target Market Determination is available at capitalnotes.anz.com It describes, among other things, the class of Retail Investors that comprise the target market for Notes (the Notes Target Market), being investors who: • are seeking to acquire an investment product with the ability to generate income; are not seeking capital growth; are able to bear the risks associated with an investment in Notes, in particular, the lack of certainty as to payment of distributions and the potential loss of some or all of the capital invested in Notes; do not require certainty as to repayment of capital invested within a specific investment timeframe; and seek the ability to dispose of Notes by sale on a licensed securities exchange at the price available on the exchange. Retail Investors wishing to apply for Notes: • must seek professional advice as to whether they are within the Notes Target Market and whether the investment in the Notes is suitable in light of their particular objectives, financial situation and needs; and can only apply for the Notes if they are within the Notes Target Market and have received personal advice from a licensed professional adviser. Notes Target Market • 9#11ANZ ANZ CAPITAL NOTES 9 FY23 RESULTS AND 1Q24 UPDATE#12ANZ Capital Notes 9 SUMMARY - 2024 FIRST QUARTER (1Q24)¹ ANZ Group performance (1Q24 vs 1H23 quarterly average) • • • • 1Q24 ANZ Group revenue was in line with the First Half FY23 quarterly average (1H23QA $5.26b) with Non-Markets revenue broadly in line with the First Half FY23 average (1H23QA $4.69b), assisted by growth in average interest earning assets The Institutional Division's Markets business had a good start to the year with revenues a little better than the First Half FY23 average (1H23QA $575m) ANZ Group has demonstrated a proven ability over many years to manage our expenses well and while facing into ongoing inflationary pressures, we continue to execute on productivity initiatives to partially offset these headwinds Lending growth remains robust across our Australia Retail and Commercial franchises. Our investment in home loan processing capability and capacity and improved broker experience is providing ongoing benefits. We are continuing to grow our Australian Home Loan book profitably by continuing to offer reliable turnaround times, and in line with that we are competitive but not market leading on pricing. Lending growth was substantially self funded across both Divisions by deposits Our long-term focus on high quality customer selection and prudent risk appetite means credit quality remains strong, with the total provision charge of $53m 1. Capital APRA Level 2 CET1 ratio • (at 31 Dec 23) 13.06% or 11.86% on a pro forma basis (excludes Capital being held for the Suncorp Bank acquisition and NOHC surplus capital) The December CET1 includes the impact of the FY23 dividend, paid in December 2023 (Slide 12) Balance Sheet Customer Deposits (31 Dec 23 vs 30 Sept 23) • +$8b in Australian Retail and Commercial deposits with the New Zealand Divisional Deposits +2b NZD. Liability mix shifts have slowed markedly in both Australia and New Zealand Institutional Deposits (ex Markets) reduced $3b with half the decline attributable to FX and the remainder largely a small number of Fixed Deposit maturities Net loans and advances (NLA) • NLA increased 1% (+$7b), with Australia Retail and Commercial and New Zealand Retail and Commercial all contributing to balance sheet growth Exposure at Default (EAD) & Risk Weighted Assets (RWA) • EAD increased 1% (+$14b) • RWA reduced 1%, primarily from the reduction in Corporate Credit RWA and IRRBB RWA • Total Provision charge was $53m, comprised of a $27m individual provision charge and a $26m collective provision charge Provisions & credit quality • • Collective provision balance stable at $4.03b with CP charge offset by FX impacts (0.34bps coverage ratio CP/EAD, 117bps CP/CRWA) Gross Impaired Assets as a % of total Gross Loans and Advances increased 1bp to 22bps Australian Housing 90+DPD at 70bps remains well below pre Covid levels, NZ 90+DPD was 64bps Extracted from ANZGHL's December 2023 Pillar 3 Chart Pack as at 31 December 2023 (which is not subject to KPMG's audit or review process) 11#13ANZ Capital Notes 9 1Q24 CAPITAL, LIQUIDITY, FUNDING¹ ANZBGL's APRA Level 2 CET1 ratio - 1Q24 capital movement % 13.34 -0.06 0.42 13.06 -0.64 0.04 11.86 -1.24 Sep 23 Underlying RWA growth² Capital Generation & Other FY23 Final Dividend (Net of DRP) Dec 23 Suncorp Acquisition NOHC surplus Dec 23 Pro forma Liquidity³ LCR, quarterly avg.% 133 130 Sep 23 Dec 23 NSFR, end of period % 116.3 115.4 Sep 23 Dec 23 Funding In addition to $3b of pre-funding completed in FY23, ANZBGL has issued a further ~$16b of term funding in FY24 . ANZBGL expectations for FY24 term funding needs is $30-35b • ANZBGL remains well prepared for the modest Term Funding Facility maturities of ~$8b in 2H24 1. Extracted from ANZGHL's December 2023 Pillar 3 Chart Pack as at 31 December 2023 (which is not subject to KPMG's audit or review process) 2. Underlying RWA growth of $2.0b inclusive of CRWA Volume & Risk changes, IRRBB, Operational Risk, Market Risk and underlying CVA (excluding CVA hedges) 3. LCR and NSFR figures shown are on a Level 2 basis per APRA prudential standard APS210 12#14ANZ Capital Notes 9 FY23 ANZ GROUP FINANCIAL RESULTS Statutory profit, $ million FY23 vs FY22 7,098 Flat Cash Profit Continuing operations, $ million Revenue 20,893 +13% Cash Profit 7,405 +14% Return on equity, % 10.9% +54 bps Earnings per share - basic, cents 247.1 +8% Dividend per share', cents 175 +29 cents NTA per share, $ 21.78 +5% APRA Level 2 CET1 ratio, % 13.3 +105 bps Collective Provision balance, $b 4.03 +5% 1. ANZGHL's Interim dividend of 81 cents, fully franked and final dividend of 94 cents, partially franked at 56%. The final dividend comprised an 81 cents dividend partially franked at 65% and an additional one-off unfranked dividend of 13 cents 13#15ANZ Capital Notes 9 ANZGHL BALANCE SHEET STRUCTURE¹ NSFR movement, % 118.6 Pro forma NSFR is ~115.4% once RSF benefit associated with TFF is removed Balance sheet composition, Sep 23 0.8 0.2 0.4 116.3 -2.1 -0.1 -1.5 Liquid and Other Assets 34% Mar 23 Loans TFF RSF LT Debt Impact Retail/ Corp/ Operational Deposits Non Op FI/Bank Other² Sep 23 FI Lending 7% FI Deposits & Repos Non-FI Lending 20% NSFR Composition, Sep 23 $b 625 Wholesale Funding & Other³ Non-Financial Corporates Retail/SME Capital Available Stable Funding Offshore Short Term W'sale Debt 3% Domestic Short Term Wholesale Debt and Other Funding 22% Corporate, PSE and Operational Deposits 25% 538 Retail and SME Deposits 31% Liquids & Other Other Loans Mortgages 39% Long Term Wholesale Debt 9% Residential Mortgages 65% RSF factor Required Stable Funding Assets 1. 2. NSFR Required Stable Funding (RSF) and Available Stable Funding (ASF) categories and all figures shown are on a Level 2 basis per APRA prudential standard APS210 Includes Securities, Derivatives, Other Assets and net FX impacts 3. 'Other' includes Sovereign, and non-operational FI Deposits 4. 'Other' include Off Balance Sheet, Derivatives, and Fixed Assets 5. Includes FI/Bank deposits, Repo funding and other short dated liabilities 6. Includes Central Bank Term Funding (RBA TFF, RBNZ FLP/TLF) Capital incl. Hybrids and Tier 2 10% Funding 14#16ANZ Capital Notes 9 ANZ GROUP CAPITAL ANZ Group Capital Composition, $b ANZ Bank Group Key Capital Ratios (%) Sep 22 Mar 231 Sep 231 Level 2 CET1 capital ratio 12.3 13.2 13.3 90.6 91.9 82.8 72.8 CET1 Composition 0.7 Level 2 CET1 HOH mvmt +76 bps +89 bps +16 bps 0.2 Level 2 CET1 capital ratio (pro forma for Suncorp Bank) ~11.1 ~12.0 ~12.1 Additional Tier 1 capital ratio 1.7 1.9 1.9 58.4 58.7 55.9 50.5 Tier 1 capital ratio 14.0 15.1 15.2 57.8 Tier 2 capital ratio 4.2 5.5 5.8 Total regulatory capital ratio 18.2 20.6 21.0 ANZ Bank Group Non-Bank Group NOHC (surplus) Leverage ratio 5.4 5.3 5.4 Risk weighted assets $454.7b $435.5b $433.3b Mar 22 Sep 22 Mar 23 Sep 23 CET1 AT1 Tier 2 Level 1 CET1 capital ratio 12.0 12.9 13.2 Level 1 CET1 HoH mvmt +94 bps +90 bps +28 bps There is no material impact to capital ratios in ANZ Bank Group under the NOHC structure as the majority of ANZ Group capital remained in ANZ Bank Group. The ANZ Bank Group's capital requirements will continue to be determined by existing APRA requirements applied to ADIS ANZ Non-Bank Group capital is assessed by using an economic capital model (ECM). The Non-Bank Group is meeting APRA requirements of holding capital equivalent to or greater than the economic requirements Level 2 vs Level 1 mvmt -18 bps -1 bps -12 bps Level 1 risk weighted assets Internationally comparable ratios² (%) Leverage ratio Level 2 CET1 capital ratio $392.0b $370.4b $367.1b 6.1 5.9 6.0 19.2 19.43 19.7 1. Mar 23 and Sep 23 capital balances include APRA Capital Reform updates which impact the calculation of credit RWA and operational RWA 2. Mar 23 and Sep 23 Internationally Comparable methodology aligns with The Australian Banking Association BASEL 3.1 Capital Comparison Study (Mar 2023). Sep 22 Internationally Comparable methodology aligns with APRA's information paper entitled 'International Capital Comparison Study' (13 July 2015). 3. March 2023 International capital ratios have been restated following a revision to the March 2023 International RWA from $341.8 billion to $334.4 billion 15#17ANZ Capital Notes 9 REGULATORY CAPITAL - RISK WEIGHTED ASSETS Risk weighted assets - Level 2, $b 435.5 0.7 436.2 Total Credit RWA increase $3.7b 0.4 3.7 00 0.0 433.3 -1.1 -1.6 -4.3 Mar 23 CRWA FX impacts Mar 23 FX adjusted Divisional Lending Risk Impacts Other CRWA impacts Operational RWA impacts Market Risk & IRRBB IRB Floor adjustment RWA impacts Sep 23 Risk weighted assets - IRRBB, $b 18.0 13.5 10.2 Sep 20 Embedded Gains/Losses 38.1 33.4 31.9 31.7 Mar 21 Repricing & Yield Curve Risk Sep 21 Mar 22 Sep 22 Mar 23 Sep 23 Basis & Optionality Risk 16#18ANZ Capital Notes 9 REGULATORY CAPITAL THE ANZBGL LEVEL 2 GROUP'S SEPTEMBER 2023 AND DECEMBER 2023 CAPITAL RATIOS WITH PRO FORMA ADJUSTMENTS FOR THE CN4 REDEMPTION, ISSUE OF $1BN OF NOTES AND COMPLETION OF THE SUNCORP TRANSACTION ANZBGL's summarised consolidated capital adequacy ratios as at 31 December 2023 ANZBGL ANZBGL ANZBGL Level 2 Group¹ Proforma adjustment: Proforma ANZBGL 31 December 30 September 31 December 2023 Proforma adjustment: Proforma ANZBGL 31 Dec 2023 2023 after the 20232 CN9 issue after CN4 Redemption and CN9 Issue CN4 Redemption CN4 Redemption Proforma adjustment: Completion of Suncorp Transaction Proforma ANZBGL 31 December 2024 net of all Proforma Adjustments -1.2% 11.8% Common Equity Tier 1 Capital 13.3% 13.1% 0.0% 13.1% 0.0% 13.1% Additional Tier 1.9% 1.9% -0.4% 1.5% +0.2% 1.8% -0.1% 1.6% 1 Capital Tier 1 Capital 15.2% 15.0% -0.4% 14.6% +0.2% 14.8% -1.4% 13.5% Total Capital 21.0% 20.6% -0.4% 20.2% +0.2% 20.5% -1.7% 18.7% 1. The capital adequacy ratios contained in this table have been rounded to the nearest decimal place. Any discrepancies in the sum of the ratios in this table are due to rounding 2. The summarised consolidated capital adequacy ratios of the ANZBGL Level 2 Group as at 31 December 2023 are extracted from the ANZBGL Basel III Pillar 3 Disclosure as at 31 December 2023 (which are not subject to KPMG's audit or review processes) 17#19ANZ Capital Notes 9 AT1 DISTRIBUTIONS AND CONVERSION TRIGGER PROTECTION ANZBGL'S CET1 CAPITAL POSITION AND STRONG EARNINGS PROVIDE BUFFERS FOR AT1 INVESTORS CET1 Capital & Combined Capital Buffer (post Capital Reform) Management Buffer 10.25% 4th Maximum Distributable Amount (MDA) 60% Actions available to strengthen capital Indicative buffers as at 31 December 20231 % RWA A$bn 2.4% Possible actions to be invoked by ANZBGL if its CET1 ratio declines below management target include: Future earnings (eg. 12 months to 30 Sep 23 PBP) $10.4bn Combined 3rd 40% Management Actions Capital Buffer Reducing dividend payout DRP discount and underwrite New share issuance 2.8% CET1 above MDA $12.1bn Quartiles Expense management A$34.1bn above 5.75% 2nd 20% Restricting RWA growth Common Asset sales CET1 above trigger Equity Capital 5.125% 1st 0% 4.5% Combined Capital Buffer Restrictions Combined Capital Buffer is breached Regulatory restrictions on ANZBGL ordinary share dividends, to top of Combined Capital Buffer $22.0bn Trigger Event discretionary bonuses and AT1 distribution payments as the Minimum CET1 of 4.5% Distribution of current year earnings is increasingly restricted as CET1 level falls into the Combined Capital Buffer Hierarchy Respected Priority payment of AT1 distributions to prevent the dividend restriction applying and to enable ANZBGL to be able to continue paying dividends on its ordinary shares dividends. 5.125% CET1< 5.125% $22.0bn 1. Future earnings are not forecast. ANZBGL statutory profit before provisions for the 12 months to 30 September 2023 was $10.4bn. All figures shown are on a Level 2 basis per APRA prudential standards 18#20ANZ Capital Notes 9 AT1 DISTRIBUTION PROTECTIONS ANZBGL'S CET1 CAPITAL POSITION AND STRONG EARNINGS PROVIDE BUFFERS FOR AT1 INVESTORS Level 1 CET11, % CET1 Ratio • • AT1 distributions may be progressively restricted if ANZBGL's CET1 capital ratio drops to or below APRA's minimum capital requirement plus prescribed regulatory combined capital buffers. Under APRA's current rules this equates to a CET1 ratio of approximately 10.25% ANZBGL's Ordinary share dividends are subject to the dividend restriction if any AT1 distributions are not paid. There is no equivalent restriction on ANZGHL. Total AT1 distributions = ~10% of ANZGHL's total ordinary equity dividends in FY23 (~7% in FY22), and ~6% of statutory profit in FY23 (~4% in FY22) 14 12 10 8 6 4 2 0 6 5 4 3 2 1 Ordinary dividend and AT1 coupons, A$bn 0 FY18 FY19 FY20 FY21 FY22 FY23 AT1 Coupons Dividend 1. On 1 January 2023, the Minimum Capital Ratio (i.e. the minimum CET1 capital requirement and Combined Capital Buffer) increased from 8% to approximately 10.25%. Prior periods are restated on this basis Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar Sep Dec 18 19 19 20 20 21 21 22 22 23 23 23 Level 2 CET11, % CET1 Ratio 14 12 10 00 8 10 6 st 4 2 0 18 Sep Mar Sep Mar Sep Mar Sep Mar Sep Mar Sep Dec 19 19 20 20 21 21 22 22 23 23 23 Minimum Common Equity Tier 1 (CET1) capital requirement Combined Capital Buffer CET1 above 10.25% 19#21ANZ Capital Notes 9 CONSISTENT APPROACH TO AT1 ISSUANCE: SIZE AND MATURITIES ANZBGL's near term AT1 requirements primarily driven by its scheduled maturity profile: AT1 First Call date profile², Notional amount A$b • AT1 currently on issue exceeds requirements • RWA reductions since last issue in 2023 (Dec-23 RWA of $429bn versus Mar-23 of $436bn) CN4 • ANZBGL's redemption of CN4 on 20 March 20241 CS1 CN6 CN8 CN7 1.6 CN5 1.4 1.5 1.5 1.3 ANZBGL's disciplined approach to AT1 issuance has resulted in: 0.9 • A first call date structure spread over many years • • Manageable volume in any year Accessing Australian and US markets ANZBGL's disciplined approach to issuance³ FY24 FY25 FY26 FY27 FY28 FY29 FY30 AUD USD Major Australian bank AT1 as % RWA5 Volume CCY A$m First Call Date4 Mandatory Conversion Date CET1 Trigger PONV Trigger CN4 AUD 1,622 Mar-24 Mar-26 5.125% Yes CN5 AUD 931 Mar-25 Mar-27 5.125% Yes 2.3% 2.2% CN6 AUD 1,500 Mar-28 Sep-30 5.125% Yes 1.9% 2.0% CN7 AUD 1,310 Mar-29 Sep-31 5.125% Yes CN8 AUD 1,500 Mar-30 Sep-32 5.125% Yes CS1 USD 1,412 Jun-26 N/A 5.125% Yes ANZ CBA Total 8,275 NAB WBC AT1 % 1. 2. 3. 4. 45 ANZBGL issued a redemption notice for the redemption of all CN4 on 14 February 2024. 1.5% of RWA regulatory minimum All securities included at face value at spot 30 September 2023 exchange rates unless otherwise stated. AT1 securities profiled to the first optional redemption date. No redemption may be made without the prior written approval of APRA. Approval is at the discretion of APRA and may or may not be given. There can be no certainty that APRA will provide its prior written approval for any such redemption. Holders should not expect that APRA's approval will be given for any redemption if requested by ANZBGL All securities included at face value at spot 30 September 2023 exchange rates unless otherwise stated. Details of all ANZBGL regulatory capital instruments available from anz.com/shareholder/centre/reporting/regulatory-disclosure/regulatory-capital- instruments/ Represents the first possible issuer call option prior to the mandatory conversion date upon which the AT1 capital securities convert to ANZGHL Ordinary Shares, subject to certain conditions being satisfied 5. Source: Company disclosures: ANZ Basel III Pillar 3 Disclosure as at 31 December 2023 (which is not subject to KPMG's audit or review processes), Commonwealth Bank Basel III Pillar 3 Disclosure as at 30 September 2023 (which is not subject to audit or review processes), Westpac FY23 Results Announcement released 6 November 2023, NAB FY23 Results Announcement released 9 November 2023 20#22ANZ Capital Notes 9 PAST PERFORMANCE OF ANZ SECURITIES AVERAGE TRADING PRICES OF SELECTED ANZ CAPITAL SECURITIES COMPARED TO AN ADJUSTED ANZ ORDINARY SHARE PRICE 1 Trading Price, $ 140 130 120 110 100 90 80 70 60 50 40 Jan 2007 Jan 2008 Jan 2009 Jan 2010 Jan 2011 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Jan 2022 Jan 2023 Jan 2024 ANZGHL ordinary share price rebased to 2 Jan 07 levels Average price of all ANZBGL's outstanding securities 1. ANZBGL was the head entity of the ANZ Group until 3 January 2023, following which ANZGHL has been the head entity of the ANZ Group 21#23ANZ ANZ CAPITAL NOTES 9 APPENDIX 1: KEY TERMS#24ANZ Capital Notes 9 KEY TERMS: OFFER SUMMARY Offer Offer size Term Distributions • Ranking¹ . • Offer of ANZ Capital Notes 9 ("Notes") by Australia and New Zealand Banking Group Limited ("ANZ") Includes a Reinvestment Offer under which Eligible CN4 Holders can apply through their Syndicate Broker to reinvest the redemption proceeds of some or all of their ANZ Capital Notes 4 (ASX code: AN3PG) ("CN4") in Notes $1 billion with the ability to raise more or less Perpetual unless Redeemed, Converted or Resold Mandatory Conversion to Ordinary Shares of ANZ Group Holdings Limited (ANZGHL) on 20 September 2033 or following a Trigger Event or a Change of Control Event ANZGHL is the listed parent company of the ANZ Group and is a non-operating holding company (ANZ NOHC) Exchangeable into ANZGHL Ordinary Shares at ANZ's option on 20 March 2031, 20 June 2031 or 19 September 2031 or following a Tax Event or Regulatory Event Discretionary, non-cumulative distributions scheduled to be paid quarterly based on a floating rate (3 Month BBSW), subject to certain Payment Conditions including ANZBGL (on a Level 1 basis) or the ANZ Group (on a Level 2 basis or, if applicable, a Level 3 basis), not breaching its APRA capital adequacy requirements Distribution Rate = (3 Month BBSW + Margin) x (1 - Australian corporate tax rate) Margin expected to be in the range of 2.90% to 3.10% per annum Distributions are expected to be franked at the same rate as dividends on ANZGHL Ordinary Shares. If a Distribution is not fully franked, the amount of the cash Distribution will be increased to compensate Holders for the unfranked portion of the Distribution, subject to the Payment Conditions. In a Winding-up of ANZBGL, the Notes rank for payment: . ahead of ANZBGL Ordinary Shares; • equally with ANZ Capital Securities and any other Equal Ranking Instruments; and • behind depositors, senior ranking securities and other creditors of ANZ ANZBGL is issuing the Notes to help meet the capital requirements for ADIs set by APRA. APRA requires ANZBGL to maintain a level of regulatory capital to help promote the stability of ANZBGL and protect ANZBGL's depositors and other creditors Purpose • APRA has confirmed that the Notes will constitute Additional Tier 1 Capital for the purposes of APRA's regulatory capital requirements • ANZBGL will use the proceeds to refinance CN4 and for general corporate purposes The Offer includes: • a Reinvestment Offer for Eligible CN4 Holders; Offer structure • a New Money Offer; and • an Institutional Offer Listing Expected to trade under ASX code 'AN3PL' 1. The ranking of a Holder's claims in a winding-up will be adversely affected if a Trigger Event occurs. Following Conversion, Holders will have a claim as a holder of ANZGHL Ordinary Shares. If a Note is Written-Off, all rights in respect of a Note will be terminated and the Holder will not have their capital repaid. 23#25ANZ Capital Notes 9 KEY TERMS: DISTRIBUTIONS Distributions • • • • Distribution Rate Non-cumulative based on a floating rate (3-Month BBSW) Expected to be franked at the same rate as dividends on ANZGHL Ordinary Shares¹ If a Distribution is not franked or only partially franked, the amount of the cash Distribution will be increased to compensate holders for the unfranked portion of the Distribution Distributions scheduled to be paid on each 20th of March, June, September and December, subject to complying with applicable law, ANZBGL's absolute discretion and no Payment Condition existing. A Payment Condition exists where: • payment results in ANZBGL on a Level 1 basis or the ANZ Group on a Level 2 or (if applicable) Level 3 basis breaching its APRA capital adequacy requirements; • payment results in ANZBGL becoming, or being likely to become, insolvent; or • APRA objects to the payment of the Distribution Distribution Rate = (3 Month BBSW + Margin) x (1 - Australian corporate tax rate) Margin expected to be in the range of 2.90% to 3.10% per annum If a Distribution is not paid in full on a Distribution Payment Date, ANZBGL cannot, without approval of a Special Resolution of Holders, until and including the next quarterly Distribution Payment Date (i.e. for the next 3 months): Dividends and Capital Restrictions • resolve to pay or pay a dividend on ANZBGL Ordinary Shares; or buy back or reduce capital on ANZBGL Ordinary Shares, unless the Distribution is paid in full within 3 Business Days of the Distribution Payment Date. Limited exceptions apply. There is no restriction on ANZGHL resolving to pay or paying any dividend on, or buying back or reducing capital on, ANZGHL Ordinary Shares 1. The availability of franking credits is not guaranteed and will depend on a number of factors. Holders should refer to the Australian taxation summary in the Prospectus. ANZGHL's ordinary share dividend paid in December 2023 was partially franked at 56%. 24#26ANZ Capital Notes 9 KEY TERMS: MANDATORY CONVERSION DATE Mandatory Conversion • On 20 September 2033 (Mandatory Conversion Date), subject to satisfaction of the Mandatory Conversion Conditions, the Notes will mandatorily Convert into a variable number of ANZGHL Ordinary Shares at a 1% discount to the 20 business day VWAP¹, unless previously Converted, Redeemed or Resold or Written Off following a Trigger Event The number of ANZGHL Ordinary Shares issued following Conversion on the Mandatory Conversion Date is subject to the Maximum Conversion Number which is calculated as 50% of the Issue Date VWAP (i.e. the average ANZGHL Ordinary Share price over 20 Business Days prior to the issue date of the Notes) 2. Mandatory Conversion Conditions 3. Intention of Mandatory Conversion Conditions Deferral of Conversion • 1. The VWAP on the 25th business day before (but not including) a possible Mandatory Conversion Date is greater than 56.00% of the Issue Date VWAP The VWAP during the 20 business days before (but not including) a possible Mandatory Conversion Date is greater than 50.51% of the Issue Date VWAP ANZGHL Ordinary Shares remain listed and admitted to trading and trading has not been suspended for 5 consecutive Business Days before, and the suspension is not continuing on, the Mandatory Conversion Date and no Inability Event exists (ie. ANZBGL or ANZGHL is not prevented by applicable law or court order (such as insolvency, winding-up or external administration of ANZBGL or ANZGHL) or another reason from converting the Notes) • The Mandatory Conversion Conditions are intended to provide protection on Conversion (other than following a Trigger Event) to Holders from receiving less than approximately $101 worth of ANZGHL Ordinary Shares per Note on the Mandatory Conversion Date and ensuring that those ANZGHL Ordinary Shares are capable of being sold on the ASX If any of the Mandatory Conversion Conditions are not satisfied, the Mandatory Conversion Date will be deferred until the next quarterly Distribution Payment Date on which all of those conditions are satisfied Notes may remain on issue indefinitely if those conditions are not satisfied 1. The VWAP during the 20 business days on which trading in ANZGHL Ordinary Shares took place immediately preceding (but not including) the Mandatory Conversion Date that is used to calculate the number of Ordinary Shares that Holders receive may differ from the Ordinary Share price on or after the Mandatory Conversion Date. This means that the value of ANZGHL Ordinary Shares received may be more or less than anticipated when they are issued or thereafter. 25#27ANZ Capital Notes 9 KEY TERMS: MANDATORY CONVERSION TRIGGER EVENT Trigger Event Common Equity Capital Trigger Event Non-Viability Trigger Event Means a Common Equity Capital Trigger Event or Non-Viability Trigger Event ANZBGL determines, or APRA has notified ANZBGL in writing that it believes, that a Common Equity Capital Ratio of the ANZBGL Level 1 or Level 2 Group is equal to or less than 5.125% APRA notifies ANZBGL in writing that: - conversion or write-off of Relevant Securities is necessary because without it ANZBGL would become non-viable; or - without a public sector injection of capital ANZBGL would become non-viable • ANZBGL may be required to immediately Convert all or some of the Notes into a variable number of ANZGHL Ordinary Shares at a 1% discount to the 5 business day VWAP prior to the Trigger Event Conversion Date, subject to the Maximum Conversion Number If a Non-Viability Trigger Event occurs because APRA determines that ANZBGL would become non-viable without a public sector injection of capital, all of the Notes are required to be Converted Conversion following a Trigger Event • There are no conditions to Conversion following a Trigger Event • The application of the Maximum Conversion Number means that, depending on the price of ANZGHL Ordinary Shares at the time of Conversion, Holders may suffer a loss as a consequence If Conversion is not effected for any reason within 5 Business Days of the Trigger Event Conversion Date, the Notes will be Written Off. If a Note is Written Off, all rights including to Distributions in respect of that Note will be terminated. Maximum Conversion Number The number of ANZGHL Ordinary Shares per Note that Holders are issued on Conversion may not be greater than the Maximum Conversion Number. The Maximum Conversion Number is the Face Value of the Notes ($100) divided by 20% of the Issue Date VWAP (as adjusted in limited circumstances) 26#28ANZ Capital Notes 9 KEY TERMS: EARLY REDEMPTION, CONVERSION AND RESALE RIGHTS ANZBGL Early Redemption Option Regulatory or Tax Event Change of Control Event ANZBGL may choose to Exchange all or some Notes on issue on 20 March 2031, 20 June 2031 or 19 September 2031, subject to APRA approval ANZBGL may choose to Exchange all or some Notes if a Regulatory Event or a Tax Event occurs, subject to APRA approval • All Notes will mandatorily Convert into ANZGHL Ordinary Shares if a Change of Control Event occurs, subject to satisfaction of certain conditions Exchange Exchange means: . Notes are Converted into a variable number of ANZGHL Ordinary Shares with a value of approximately $101 per Note; . Notes are Redeemed for $100 per Note; Notes are Resold to a purchaser nominated by ANZBGL (that cannot be ANZBGL, ANZGHL or any other Related Entity of ANZBGL) for $100 per Note; or a combination of the above. No Exchange elected by ANZBGL will occur without APRA's prior written approval and unless certain conditions are met, including in the case of Redemption that: . the Notes being replaced concurrently or beforehand with Tier 1 Capital of the same or better quality as the Notes and the replacement of the Notes is done under conditions that are sustainable for ANZBGL's income capacity; or APRA is satisfied that ANZBGL's capital position is well above its minimum capital requirements after ANZBGL elects to Redeem the Notes Holders should not expect that APRA will give its approval for any Exchange. Holder Exchange • Holders do not have the right to request Exchange 27#29ANZ Capital Notes 9 KEY TERMS: WHAT HAPPENS POST A TRIGGER EVENT 1 A Common Equity Capital Trigger Event or Non-Viability Trigger Event occurs 2 ANZGHL Ordinary Shares can be issued? No Written off up to required amount of CET11 2a Yes Notes Convert to ANZGHL Ordinary Shares up to required amount of CET11: Outstanding principal amount Conversion Number = 99% x VWAP2 3 ANZGHL Ordinary Shares issued to Holder4 Subject to Maximum Conversion Number = Outstanding principal amount 20% x Issue Date VWAP³ 1. 2. 3. 4. All Notes are required to be converted to ANZGHL Ordinary Shares or written off in the event that APRA has notified ANZBGL in writing that without a public sector injection of capital, or equivalent support, ANZBGL would become non-viable. Write-off is applicable if conversion does not occur for any reason. "VWAP" is the average of the daily volume weighted average sale prices of ANZGHL Ordinary Shares sold on the ASX during the 5 Business Days prior to the Trigger Event Conversion Date. "Issue Date VWAP" is the average of the daily volume weighted average sale prices of ANZGHL Ordinary Shares sold on the ASX during the period of 20 Business Days prior to the issue date. In limited cases (including for foreign holders), ANZGHL Ordinary Shares may be issued to a nominee and sold on a Holder's behalf, with the proceeds delivered to the Holder. 28#30ANZ ANZ CAPITAL NOTES 9 APPENDIX 2: KEY DATES AND CONTACTS#31ANZ Capital Notes 9 1. 2. 3. 4. KEY DATES: CN9 OFFER¹ Record Date for determining Eligible CN4 Holders for the Reinvestment Offer (relevant CN4 must also be held on the Closing Date for the Reinvestment Offer) Lodgement of the Prospectus with ASIC Bookbuild to determine the Margin Lodgement of the replacement prospectus with ASIC and announcement of the Margin Opening Date Closing Date for the Reinvestment Offer Closing Date for the New Money Offer Issue Date ANZ Capital Notes 9 commence trading on ASX (normal settlement basis) Confirmation Statements despatched by Record Date for First Distribution First Distribution Payment Date¹ First Optional Exchange Date² Mandatory Conversion Date³ 7:00pm on 8 February 2024 14 February 2024 21 February 2024 22 February 2024 22 February 2024 5:00pm on 11 March 2024 10:00am on 18 March 2024 20 March 2024 22 March 2024 26 March 2024 7:00pm on 7 June 2024 20 June 2024 20 March 2031 20 September 2033 The key dates for the Offer are indicative only and may change without notice. Dates may be subject to adjustment to reflect applicable Business Day conventions. A reference to time on this page is to Melbourne, Australia time Distributions are scheduled to be paid quarterly at the end of each Distribution Period (on 20 March, 20 June, 20 September and 20 December each year) subject to ANZBGL's absolute discretion and the Payment Conditions. If any of these scheduled dates are not Business Days, then the Distribution Payment Date will occur on the next Business Day, except where the Distribution Payment Date is 20 September 2031, where the Distribution Payment Date becomes the preceding day which is a Business Day 20 June 2031 and 19 September 2031 are also Optional Exchange Dates. As 20 September 2031 is not a Business Day, this date has been brought forward to the preceding business day The Mandatory Conversion Date may be later than 20 September 2033, or may not occur at all, if the Mandatory Conversion Conditions are not satisfied 30#32ANZ Capital Notes 9 KEY DATES: CN4 HOLDERS¹ 1. 2. Record date for determining Eligible CN4 Holders for the Reinvestment Offer (relevant CN4 must also be held on the Closing Date for the Reinvestment Offer) Redemption notice given in respect of CN4 7.00pm on 8 February 2024 14 February 2024 Last day of trading in CN4 Record date for the Final CN4 Distribution Payment date for the Final CN4 Distribution² Payment date for CN4 Redemption The key dates for the Offer are indicative only and may change without notice. A reference to time on this page is to Melbourne, Australia time Payment of the Final CN4 Distribution is subject to the payment conditions in the CN4 terms and ANZBGL's absolute discretion 6 March 2024 7.00pm on 8 March 2024 20 March 2024 20 March 2024 31#33ANZ Capital Notes 9 KEY CONTACTS ANZ Group Treasury Group Treasurer Adrian Went +61 3 8654 5532 Head of Capital & Structured Funding John Needham +61 2 8037 0670 Head of Debt Investor Relations David Goode +61 410 495 399 Senior Manager, Capital Management Gareth Lewis +61 499 910 779 [email protected] [email protected] [email protected] [email protected] Joint Lead Manager ANZ Securities Bell Potter Commonwealth Bank of Australia E&P Corporate Advisory Morgan Stanley Morgans National Australia Bank Ord Minnett Shaw and Partners UBS AG, Australia Branch Wholesale Investors Tariq Holdich: 612 8037 0310 Tim Griffin: 02 8224 2841 Mitchell Walls: 1300 887 733 Andrew Serle: 03 9411 4076 Jaimee Honter: 13 13 70 Callum Lanskey: 07 3334 4831 Stefan Visser: 02 7226 8389 Tom Morris: 02 8216 6331 Steve Anagnos: 02 9238 1513 Jared Barr: 02 8121 5917 Investors seeking personal advice Not available to retail investors Tim Griffin: 02 8224 2841 Not available to retail investors Andrew Serle: 03 9411 4076 Jaimee Honter: 13 13 70 Callum Lanskey: 07 3334 4831 Not available to retail investors Tom Morris: 02 8216 6331 Russell Karlson: 02 9238 1238 Not available to retail investors Westpac Institutional Bank Tyler O'Brien: 02 8253 4574 Not available to retail investors 32