Investor Presentaiton

ANZ 2023 Half Year Results OPERATING EXPENSES Total operating expenses, $m 30 4,818 4,788 3.7% 131 231 1.8% 91 4,997 4,906 -274 2H22 FX 2H22 FX Adj. Inflation1 Digitisation Productivity & 1H23 before the impact of M&A activity Impacts of M&A actvity & NOHC³ 1H23 & NOHC regulatory investment reprioritisation This page may contain forward-looking statements or opinions. Please refer to ANZ's Disclaimer and Important Notice with respect to such statements on page 1 Basis: Cash Profit continuing operations 1. Includes revaluation of leave provisions 2. Includes Cloud run & ANZ Plus run costs 3. Includes Suncorp Integration costs, NOHC establishment costs & costs previously attributed to discontinued operations FY23 expense expectations It remains likely that total expenses will increase by circa 5% in FY23 (off FY22 base of $9.17b) on a constant currency basis Adjusting for FX movements in the half the equivalent cost base is $9.22b 32 32

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