ANZ Financial Performance Overview

SECTION 6 Specific provisions down 28% on 2002- no large single provisions Specific Provisions Full Year Specific Provisions by size $m 400 Significant impact from single customers 100% 90% 350 80% 300 70% < $5m Grindlays credit indemnity* $30m - $40m 3 customers 250 60% 200 50% 40% 150 30% 5 customers 7 2 customers $20m - $30m customers 100 20% $5m - $10m 50 $10m - $20m 10% 0 +0% • Sep- Mar- Sep- 98 99 99 00 Mar- Sep- 00 Mar- Sep- Mar- 01 01 Sep- Mar- Sep- 02 02 03 03 Net specific provisions - $m (LHS) % International SPs (RHS) ELP charge $m (LHS) 53 No major individual specific provisions during the year • Australian net specific provisions of $324m in 2003 included $33m further provision on Pasminco FX contracts, $20m for aircraft leases in Esanda, and $40m for a single corporate loss in the second half. • *Settlement of Grindlays credit warranties, finalising ANZ's commitment to meet Grindlays credit losses. ANZ

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