Investor Presentaiton

Tier 2 capital issuance and maturities. Well positioned to meet LAC requirements. Westpac Tier 2 issuance and calls/maturities 1,2,3 (notional amount, A$bn) 14.0 12.0 10.0 Issuance 1 Maturities FY23 issuance expected to be approx. $4-5 billion¹ subject to market conditions Capital, funding and liquidity 8.0 12.8 6.0 4.0 6.2 5.2 2.0 4.2 3.2 3.1 2.2 2.3 0.0 FY19 FY20 FY21 FY22 1.2 FY23 1.4 FY24 FY25 FY26 FY27 >FY27 Loss Absorbing Capacity (LAC) Requirements (%) ■Tier 2 LAC 6.5 5.0 4.5 3.0 5.0 Westpac September 2022 2.0 January 2024 Requirements 2.0 January 2026 Requirements Westpac Tier 2 capital¹ (notional amount, %) By format4 By currency4 23 O 77 ■Callable 14 4 6 32 FO ■ Bullet 72 USD ■AUD Domestic ■AUD EMTN ■ EUR ■JPY ■ SGD Chart does not add to 100 due to rounding 1 Excludes Westpac New Zealand Limited. RBNZ Tier 2 does not count for APRA TLAC requirements. 2 Represents A$ equivalent notional amount using spot FX translation at date of issue for issuance and spot FX translation at 30 September 2022 for maturities. 3 Securities in callable format profiled to first call date. Securities in bullet format profiled to maturity date. 4 Represents A$ equivalent notional amount using spot FX translation at 30 September 2022. 96 Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack Westpac GROUP

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