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

Jul 11, 2011

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For Release: 12 July 2011

ANZ prices cash tender offer for certain of its outstanding Commonwealth Guaranteed Transferable Certificates of Deposit

Further to the announcement by Australia and New Zealand Banking Group Limited (‘ANZ’) on 4 July 2011 in relation to the conditional offer to purchase A$1,000,000,000 Floating Rate Transferable Certificates of Deposit (issued as Series No. 73 under pricing supplements dated 16 January 2009 and 25 March 2009 and guaranteed by the Commonwealth of Australia) (‘TCDs’), ANZ announced today that:

• the offer has closed;

• it will accept for purchase A$495,000,000 of TCDs validly tendered, with settlement scheduled to take place early on 13 July 2011 (‘Settlement Date’); and

• the Purchase Price was determined in accordance with the Offer Memorandum and is equivalent to an interpolated rate to the next rate fix of 4.76% minus a margin of 0.1% plus accrued interest to (but excluding) the Settlement Date.

For further information, contact:

Stephen Ries Senior Manager Media Relations Tel: +61-3-8654-3659 or +61-409-655-551 Email: Stephen.Ries@anz.com

Luke Davidson Head of Group Funding Tel: +61-3-8654-5140 Email: Luke.Davidson@anz.com