ANZ Capital Summary and Key Financials

INTEREST PAYMENT Interest may not always be paid when scheduled • The payment of interest on each interest payment date (other than the Maturity Date) and any early repayment of the Subordinated Notes is conditional on ANZ satisfying the Solvency Condition • The Solvency Condition will be satisfied if ANZ is Solvent at the time the payment is due and ANZ is able to pay the amount and still be Solvent immediately after paying the amount • The Solvency Condition does not apply to payments that are required to be made on the Maturity Date ⚫ For the purposes of the Solvency Condition, "Solvent" means satisfying the solvency test contained in section 4 of the Companies Act 1993 • Unpaid interest accumulates. This means that if interest is not paid on the Subordinated Notes on an interest payment date because the Solvency Condition is not satisfied, the unpaid interest will remain owing, will itself bear interest, and will be payable on the earlier of the next Business Day on which the Solvency Condition is satisfied and the Maturity Date Page 18 of 22

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