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Investor Presentaiton

ANZ 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
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