Australia and New Zealand Banking Group Ltd. — Capital/Financing Update 2007

Dec 20, 2007

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Company Secretary’s Office Australia and New Zealand Banking Group Limited Level 6, 100 Queen Street Melbourne VIC 3000 Phone 03 9273 6141 Fax 03 9273 6142 www.anz.com

21 December 2007

The Manager Company Announcements Australian Stock Exchange Level 10, 20 Bond Street Sydney NSW 2000

ANZ HOLDINGS (NEW ZEALAND) LIMITED RPS ISSUE

In September 2003, Australia and New Zealand Banking Group Limited (“ANZ”) issued 10 million ANZ Stapled Exchangeable Preferred Securities (“ANZ StEPS”) which consist of Notes issued by ANZ Holdings (New Zealand) Limited (the “ Company ”) stapled to preference shares issued by ANZ.

Pursuant to its disclosure requirements following the issue of ANZ StEPS, the Company advises that the directors of the Company have resolved to issue 10 million redeemable preference shares of NZD1 each to ANZ.

The impact of this issue of redeemable preference shares on the profit and franking capacity at an ANZ Group level is not material.

Yours faithfully

John Priestley Company Secretary

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