Australia and New Zealand Banking Group Ltd. — Capital/Financing Update 2011

Aug 22, 2011

Company Secretary’s Office Australia and New Zealand Banking Group Limited 833 Collins Street DOCKLANDS VIC 3008 www.anz.com

23 August 2011

Company Announcements Office Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000

Despatch of CPS3 Postcard to ANZ Securityholders

Attached is a postcard being sent to certain holders of ANZ ordinary shares and ANZ convertible preference shares issued in 2008 and 2009 ( CPS and CPS2, respectively) to notify them of the offer by ANZ of convertible preference shares ( CPS3 ) pursuant to a prospectus lodged with the Australian Securities and Investments Commission today ( Offer ).

The postcard is being sent to those holders of ANZ ordinary shares, CPS1 and CPS2 recorded on ANZ’s register at 7.00pm AEDT on Wednesday, 3 August 2011 with registered addresses in Australia ( ANZ Securityholders ).

Pursuant to the Offer, ANZ Securityholders are entitled to participate in the ANZ Securityholder Offer. If there is excess demand for CPS3 under the Offer, priority will be given to applicants under the ANZ Securityholder Offer over applicants under the General Offer.

Investors with enquiries about the postcard should contact the ANZ Information Line on 1800 113 399 (Australia) or +61 3 9415 4010 (international).

Yours faithfully

John Priestley Company Secretary

Australia and New Zealand Banking Group Limited

PRIORITY OFFER OF CPS3 CONVERTIBLE PREFERENCE SHARES

TO REQUEST A PROSPECTUS VISIT WWW.CPS3OFFER.ANZ.COM

YOUR SRN/HIN IS:

Australia and New Zealand Banking Group Limited ABN 11 005 357 522 NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. PERSONS

Australia and New Zealand Banking Group Limited (ANZ) invites you as an eligible holder of ANZ ordinary shares or ANZ Convertible Preference Shares (CPS1 and CPS2) to participate in the ANZ Securityholder Offer of convertible preference shares called CPS3. CPS3 are expected to provide investors with fully or substantially franked, floating rate, non-cumulative, preferred dividends.

If there is excess demand for CPS3, priority will be given to applicants under the ANZ Securityholder Offer over applicants under the General Offer.

The offer is expected to open shortly and will remain open for a limited period of time. Further details of the timing of the offer will be set out in the Prospectus. Applications must be for a minimum of 50 CPS3 ($5,000).

Follow these easy steps to participate >

IMPORTANT NOTICES: ANZ has lodged a prospectus with the Australian Securities and Investments Commission (ASIC) in relation to the offer of CPS3 for issue by ANZ (Prospectus, which term shall include the replacement prospectus expected to be lodged with ASIC confirming the margin). This card is not an offer of, or invitation to apply for, CPS3. The offer of CPS3 will be made in, or accompanied by, a copy of the Prospectus. Anyone wishing to apply for CPS3 will need to complete the application form in or accompanying the Prospectus. This card and the information it contains does not take into account your investment objectives, financial situation or particular needs. In deciding whether to apply for CPS3 you should read the Prospectus and contact your broker or other professional adviser. CPS3 are not deposit liabilities of ANZ, are not guaranteed or insured by any government or other person, are not protected accounts under Australian banking legislation and give holders no claim on ANZ except as provided in the CPS3 terms. Your investment is subject to investment risk, including possible delays in repayment and loss of income and principal invested. ANZ does not guarantee the value or performance of CPS3, the repayment of your investment or any particular rate of return. CPS3 have not been and will not be registered under the U.S. Securities Act of 1933, as amended (Securities Act), or the securities laws of any state of the United States and may not be offered or sold in the United States or to, or for the account or benefit of, “U.S. Persons” (as defined in the Regulation S under the Securities Act).

1. OBTAIN A PROSPECTUS

• Download an electronic copy of the Prospectus from the ANZ website www.CPS3Offer.anz.com; or

• Request a paper copy of the Prospectus by calling the ANZ Information Line on 1800 113 399 (within Australia) or +61 3 9415 4010 (international) (Monday to Friday – 8:30 am to 5:30pm AEST) or by visiting www.CPS3Offer.anz.com. You must quote your SRN / HIN, provided on the front of this postcard, to receive a personalised application form.

2. APPLY

• When the offer opens, complete an online application via the ANZ website (you will require your SRN / HIN); or

• Complete and lodge a personalised paper application form which will accompany the Prospectus, ensuring it is received by the Registry by the closing date.

3. PAYMENT

• You may make your Application Payment using the following:

• Bpay® (online applications);

• cheque (paper applications); or money order (paper applications).