ANZ Financial Performance Overview

SECTION 4 -30% Higher interest income, driven by strong mortgage and deposit growth Average Lending & Deposit Volumes • Average net lending assets grew by $b $13.6b (10.0%) in 2003, with growth of 100 $10.8b (18%) in Mortgages, $1.6b in Corporate and $0.8b in Asset Finance. • • 73.5 67.3 61.8 57.2 60 Average deposits and other borrowings 80 grew $13.5b, principally in Personal Banking Australia ($4.2b), Treasury ($3.2b), IFS ($2.7b) and Corporate ($1.6b). The deposit growth was encouraged by uncertainty in global equity markets. 58.2 59.2 58.1 56.2 97.3 99.7 89.2 86.4 40 End of period net lending asset volumes reduced 23% in overseas markets as a result of the strategy to reduce higher risk exposures in the UK and US and the exchange rate impact of a strengthening Australian dollar. 20 Mortgages Mar-02 Business* ■Sep-02 Mar-03 Deposits* ■Sep-03 Lending Asset Growth for the year to September Trends in international exposure 2003 -20% -23% -10% -9% 0% 12% ANZ Group -34% 14% Australia & NZ International -23% -9% -25% -29% -11% Total UK & Europe Americas -14% 6% Asia ■Local Currency = AUD 5% 12% Pacific 10% 20% -40% -30% -20% -10% 0% 10% 20% 24 ANZ *Business Lending includes Corporate & Small Business, and Institutional Segments. Deposits includes Esanda retail debentures

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