Investor Presentaiton

Proposed operating model Business Description ■ 860,000 customers ☐ Lending assets of $28bn 999 BankWest Retail Banking ☐ Deposits of $15bn better leal BankWest Business Business & Corporate Banking St Andrew's AUSTRALIA Insurance and Investments ■ 2008 Regional Bank of the Year 1 ■ 77 Business Banking Centres ◉ 2 Lending assets of $27bn Deposits of $22bn ■ Wealth management and insurance ■ Funds under Management of more than $2.4bn Proposed Model ■ Brand retained in WA ■ East coast retail expansion strategy to be reviewed Streamlining of administrative functions, systems, and processes of CBA and BankWest, where synergies exist and it enhances the customer experience to do so ■ Brand retained in WA ■ Integration of two businesses with a view to incorporating best practice and enhancing customer experience across the Group Streamlining/sharing of back-office and systems where synergies exist Integrated into broader Group Note: All Lending Assets and Deposits figures as at 30 June 2008. (Source: HBOS plc interim report). Funds under management figure as at 31 December 2007. (Source: HBOS Australia 31 December 2007 annual report). Exchange rate of 2.08 AUD to 1 GBP. 1. Australian Banking and Finance Magazine. 2. Source: BankWest website. 12 Determined to be different

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